Chih Lien (Taiwan) Market Value
| 2024 Stock | TWD 20.65 0.45 2.23% |
| Symbol | Chih |
Chih Lien '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 Chih Lien'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 Chih Lien.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Chih Lien on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Chih Lien Industrial or generate 0.0% return on investment in Chih Lien over 30 days. Chih Lien is related to or competes with Cheng Shin, China Steel, and Yulon. Chih Lien Industrial Co., Ltd. produces and supplies steel wires and steel bars in Taiwan and internationally More
Chih Lien 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 Chih Lien'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 Chih Lien Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 14.84 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.85 |
Chih Lien Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chih Lien's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chih Lien's standard deviation. In reality, there are many statistical measures that can use Chih Lien historical prices to predict the future Chih Lien's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 3.61 |
Chih Lien Industrial Backtested Returns
Chih Lien Industrial secures Sharpe Ratio (or Efficiency) of -0.0692, which signifies that the company had a -0.0692% return per unit of risk over the last 3 months. Chih Lien Industrial exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chih Lien's Mean Deviation of 1.31, standard deviation of 2.02, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0499, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chih Lien are expected to decrease at a much lower rate. During the bear market, Chih Lien is likely to outperform the market. At this point, Chih Lien Industrial has a negative expected return of -0.14%. Please make sure to confirm Chih Lien's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Chih Lien Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Chih Lien Industrial has modest predictability. Overlapping area represents the amount of predictability between Chih Lien time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Chih Lien Industrial price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Chih Lien price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Chih Lien Industrial lagged returns against current returns
Autocorrelation, which is Chih Lien 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 Chih Lien's stock expected returns. We can calculate the autocorrelation of Chih Lien returns to help us make a trade decision. For example, suppose you find that Chih Lien 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 |
Chih Lien 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 Chih Lien stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chih Lien stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chih Lien stock over time.
Current vs Lagged Prices |
| Timeline |
Chih Lien Lagged Returns
When evaluating Chih Lien's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chih Lien stock have on its future price. Chih Lien 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, Chih Lien autocorrelation shows the relationship between Chih Lien stock current value and its past values and can show if there is a momentum factor associated with investing in Chih Lien Industrial.
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 Chih Stock Analysis
When running Chih Lien's price analysis, check to measure Chih Lien'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 Chih Lien is operating at the current time. Most of Chih Lien's value examination focuses on studying past and present price action to predict the probability of Chih Lien's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chih Lien's price. Additionally, you may evaluate how the addition of Chih Lien to your portfolios can decrease your overall portfolio volatility.