Chicony Electronics (Taiwan) Market Value
| 2385 Stock | TWD 157.00 2.00 1.29% |
| Symbol | Chicony |
Chicony Electronics '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 Chicony Electronics' 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 Chicony Electronics.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Chicony Electronics on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Chicony Electronics Co or generate 0.0% return on investment in Chicony Electronics over 30 days. Chicony Electronics is related to or competes with Lite On, Inventec Corp, Compal Electronics, Synnex Technology, and Quanta Computer. Chicony Electronics Co., Ltd. manufactures and sells computer peripheral products in Taiwan and internationally More
Chicony Electronics 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 Chicony Electronics' 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 Chicony Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.69 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.77 |
Chicony Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chicony Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chicony Electronics' standard deviation. In reality, there are many statistical measures that can use Chicony Electronics historical prices to predict the future Chicony Electronics' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.1927 |
Chicony Electronics Backtested Returns
Chicony Electronics secures Sharpe Ratio (or Efficiency) of -0.0255, which signifies that the company had a -0.0255% return per unit of risk over the last 3 months. Chicony Electronics Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chicony Electronics' Risk Adjusted Performance of (0.01), mean deviation of 1.25, and Standard Deviation of 1.75 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chicony Electronics are expected to decrease at a much lower rate. During the bear market, Chicony Electronics is likely to outperform the market. At this point, Chicony Electronics has a negative expected return of -0.0444%. Please make sure to confirm Chicony Electronics' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Chicony Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Chicony Electronics Co has poor predictability. Overlapping area represents the amount of predictability between Chicony Electronics 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 Chicony Electronics price movement. The serial correlation of 0.25 indicates that over 25.0% of current Chicony Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 3.16 |
Chicony Electronics lagged returns against current returns
Autocorrelation, which is Chicony Electronics 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 Chicony Electronics' stock expected returns. We can calculate the autocorrelation of Chicony Electronics returns to help us make a trade decision. For example, suppose you find that Chicony Electronics 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 |
Chicony Electronics 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 Chicony Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chicony Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chicony Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Chicony Electronics Lagged Returns
When evaluating Chicony Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chicony Electronics stock have on its future price. Chicony Electronics 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, Chicony Electronics autocorrelation shows the relationship between Chicony Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Chicony Electronics Co.
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 Chicony Stock Analysis
When running Chicony Electronics' price analysis, check to measure Chicony Electronics' 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 Chicony Electronics is operating at the current time. Most of Chicony Electronics' value examination focuses on studying past and present price action to predict the probability of Chicony Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chicony Electronics' price. Additionally, you may evaluate how the addition of Chicony Electronics to your portfolios can decrease your overall portfolio volatility.