Chia Ta (Taiwan) Market Value
| 2033 Stock | TWD 23.75 0.35 1.45% |
| Symbol | Chia |
Chia Ta '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 Chia Ta'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 Chia Ta.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Chia Ta on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Chia Ta World or generate 0.0% return on investment in Chia Ta over 30 days. Chia Ta is related to or competes with Chun Yuan, Chun Yu, China Steel, Chih Lien, and Sinkang Industries. Chia Ta World Co., Ltd. manufactures, processes, and distributes steel products More
Chia Ta 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 Chia Ta'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 Chia Ta World upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 0.1277 | |||
| Maximum Drawdown | 17.66 | |||
| Value At Risk | (4.29) | |||
| Potential Upside | 9.94 |
Chia Ta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chia Ta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chia Ta's standard deviation. In reality, there are many statistical measures that can use Chia Ta historical prices to predict the future Chia Ta's volatility.| Risk Adjusted Performance | 0.1318 | |||
| Jensen Alpha | 0.6183 | |||
| Total Risk Alpha | 0.0156 | |||
| Sortino Ratio | 0.1755 | |||
| Treynor Ratio | (3.19) |
Chia Ta World Backtested Returns
Chia Ta appears to be somewhat reliable, given 3 months investment horizon. Chia Ta World secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. By analyzing Chia Ta's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please makes use of Chia Ta's Mean Deviation of 2.6, downside deviation of 2.72, and Risk Adjusted Performance of 0.1318 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chia Ta holds a performance score of 13. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chia Ta are expected to decrease at a much lower rate. During the bear market, Chia Ta is likely to outperform the market. Please check Chia Ta's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Chia Ta's price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Chia Ta World has very weak reverse predictability. Overlapping area represents the amount of predictability between Chia Ta 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 Chia Ta World price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Chia Ta price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Chia Ta World lagged returns against current returns
Autocorrelation, which is Chia Ta 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 Chia Ta's stock expected returns. We can calculate the autocorrelation of Chia Ta returns to help us make a trade decision. For example, suppose you find that Chia Ta 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 |
Chia Ta 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 Chia Ta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chia Ta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chia Ta stock over time.
Current vs Lagged Prices |
| Timeline |
Chia Ta Lagged Returns
When evaluating Chia Ta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chia Ta stock have on its future price. Chia Ta 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, Chia Ta autocorrelation shows the relationship between Chia Ta stock current value and its past values and can show if there is a momentum factor associated with investing in Chia Ta World.
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 Chia Stock Analysis
When running Chia Ta's price analysis, check to measure Chia Ta'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 Chia Ta is operating at the current time. Most of Chia Ta's value examination focuses on studying past and present price action to predict the probability of Chia Ta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chia Ta's price. Additionally, you may evaluate how the addition of Chia Ta to your portfolios can decrease your overall portfolio volatility.