Chun Yuan (Taiwan) Market Value
| 2010 Stock | TWD 18.35 0.05 0.27% |
| Symbol | Chun |
Chun Yuan 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Chun Yuan's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Chun Yuan.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Chun Yuan on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Chun Yuan Steel or generate 0.0% return on investment in Chun Yuan over 30 days. Chun Yuan is related to or competes with Cheng Shin, Taiwan Cement, China Steel, and Yulon. Chun Yuan Steel Industry Co., Ltd. provides metal solutions primarily in Taiwan More
Chun Yuan Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Chun Yuan's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Chun Yuan Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.83 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.8 |
Chun Yuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chun Yuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chun Yuan's standard deviation. In reality, there are many statistical measures that can use Chun Yuan historical prices to predict the future Chun Yuan's volatility.| Risk Adjusted Performance | 0.0168 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0401 |
Chun Yuan Steel Backtested Returns
At this stage we consider Chun Stock to be very steady. Chun Yuan Steel secures Sharpe Ratio (or Efficiency) of 0.013, which signifies that the company had a 0.013% return per unit of risk over the last 3 months. We have found thirty technical indicators for Chun Yuan Steel, which you can use to evaluate the volatility of the firm. Please confirm Chun Yuan's Downside Deviation of 1.47, risk adjusted performance of 0.0168, and Mean Deviation of 1.0 to double-check if the risk estimate we provide is consistent with the expected return of 0.0196%. Chun Yuan has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chun Yuan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chun Yuan is expected to be smaller as well. Chun Yuan Steel right now shows a risk of 1.5%. Please confirm Chun Yuan Steel total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Chun Yuan Steel will be following its price patterns.
Auto-correlation | 0.59 |
Modest predictability
Chun Yuan Steel has modest predictability. Overlapping area represents the amount of predictability between Chun Yuan time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chun Yuan Steel price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Chun Yuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Chun Yuan Steel lagged returns against current returns
Autocorrelation, which is Chun Yuan stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Chun Yuan's stock expected returns. We can calculate the autocorrelation of Chun Yuan returns to help us make a trade decision. For example, suppose you find that Chun Yuan has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Chun Yuan regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Chun Yuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chun Yuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chun Yuan stock over time.
Current vs Lagged Prices |
| Timeline |
Chun Yuan Lagged Returns
When evaluating Chun Yuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chun Yuan stock have on its future price. Chun Yuan autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Chun Yuan autocorrelation shows the relationship between Chun Yuan stock current value and its past values and can show if there is a momentum factor associated with investing in Chun Yuan Steel.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Chun Stock Analysis
When running Chun Yuan's price analysis, check to measure Chun Yuan's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chun Yuan is operating at the current time. Most of Chun Yuan's value examination focuses on studying past and present price action to predict the probability of Chun Yuan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chun Yuan's price. Additionally, you may evaluate how the addition of Chun Yuan to your portfolios can decrease your overall portfolio volatility.