Chroma ATE (Taiwan) Market Value
| 2360 Stock | TWD 429.50 17.50 4.25% |
| Symbol | Chroma |
Chroma ATE '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 Chroma ATE'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 Chroma ATE.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Chroma ATE on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Chroma ATE or generate 0.0% return on investment in Chroma ATE over 30 days. Chroma ATE is related to or competes with Accton Technology, Delta Electronics, Chicony Electronics, Advantech, and Elite Material. Chroma ATE Inc. designs, assembles, calibrates, manufactures, sells, repairs, and maintains softwarehardware for compute... More
Chroma ATE 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 Chroma ATE'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 Chroma ATE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.1083 | |||
| Maximum Drawdown | 13.2 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 6.22 |
Chroma ATE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chroma ATE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chroma ATE's standard deviation. In reality, there are many statistical measures that can use Chroma ATE historical prices to predict the future Chroma ATE's volatility.| Risk Adjusted Performance | 0.1252 | |||
| Jensen Alpha | 0.3587 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1139 | |||
| Treynor Ratio | 0.701 |
Chroma ATE Backtested Returns
Chroma ATE appears to be very steady, given 3 months investment horizon. Chroma ATE secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Chroma ATE, which you can use to evaluate the volatility of the firm. Please makes use of Chroma ATE's Risk Adjusted Performance of 0.1252, mean deviation of 2.19, and Downside Deviation of 2.74 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chroma ATE holds a performance score of 10. The firm shows a Beta (market volatility) of 0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chroma ATE's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chroma ATE is expected to be smaller as well. Please check Chroma ATE's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Chroma ATE's price patterns will revert.
Auto-correlation | -0.66 |
Very good reverse predictability
Chroma ATE has very good reverse predictability. Overlapping area represents the amount of predictability between Chroma ATE time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Chroma ATE price movement. The serial correlation of -0.66 indicates that around 66.0% of current Chroma ATE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 286.97 |
Chroma ATE lagged returns against current returns
Autocorrelation, which is Chroma ATE 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 Chroma ATE's stock expected returns. We can calculate the autocorrelation of Chroma ATE returns to help us make a trade decision. For example, suppose you find that Chroma ATE 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 |
Chroma ATE 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 Chroma ATE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chroma ATE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chroma ATE stock over time.
Current vs Lagged Prices |
| Timeline |
Chroma ATE Lagged Returns
When evaluating Chroma ATE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chroma ATE stock have on its future price. Chroma ATE 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, Chroma ATE autocorrelation shows the relationship between Chroma ATE stock current value and its past values and can show if there is a momentum factor associated with investing in Chroma ATE.
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 Chroma Stock Analysis
When running Chroma ATE's price analysis, check to measure Chroma ATE'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 Chroma ATE is operating at the current time. Most of Chroma ATE's value examination focuses on studying past and present price action to predict the probability of Chroma ATE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chroma ATE's price. Additionally, you may evaluate how the addition of Chroma ATE to your portfolios can decrease your overall portfolio volatility.