China (Taiwan) Market Value
| 2204 Stock | TWD 84.30 0.30 0.36% |
| Symbol | China |
China '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 China'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 China.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in China on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding China Motor Corp or generate 0.0% return on investment in China over 540 days. China is related to or competes with Chaintech Technology, AVerMedia Technologies, Avision, Clevo, and Elitegroup Computer. China Motor Corporation manufactures and sells vehicles and related components in Taiwan More
China 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 China'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 China Motor Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 17.13 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.49 |
China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China's standard deviation. In reality, there are many statistical measures that can use China historical prices to predict the future China's volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | 0.0669 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 1.55 |
China Motor Corp Backtested Returns
At this stage we consider China Stock to be very steady. China Motor Corp secures Sharpe Ratio (or Efficiency) of 0.0581, which signifies that the company had a 0.0581% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Motor Corp, which you can use to evaluate the volatility of the firm. Please confirm China's Risk Adjusted Performance of 0.0308, mean deviation of 1.81, and Downside Deviation of 2.38 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. China has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0465, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China's returns are expected to increase less than the market. However, during the bear market, the loss of holding China is expected to be smaller as well. China Motor Corp right now shows a risk of 2.71%. Please confirm China Motor Corp downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if China Motor Corp will be following its price patterns.
Auto-correlation | -0.83 |
Excellent reverse predictability
China Motor Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between China time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 China Motor Corp price movement. The serial correlation of -0.83 indicates that around 83.0% of current China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 782.96 |
China Motor Corp lagged returns against current returns
Autocorrelation, which is China 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 China's stock expected returns. We can calculate the autocorrelation of China returns to help us make a trade decision. For example, suppose you find that China 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 |
China 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 China stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China stock over time.
Current vs Lagged Prices |
| Timeline |
China Lagged Returns
When evaluating China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China stock have on its future price. China 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, China autocorrelation shows the relationship between China stock current value and its past values and can show if there is a momentum factor associated with investing in China Motor Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 China Stock Analysis
When running China's price analysis, check to measure China'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 China is operating at the current time. Most of China's value examination focuses on studying past and present price action to predict the probability of China's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China's price. Additionally, you may evaluate how the addition of China to your portfolios can decrease your overall portfolio volatility.