Cheng Uei (Taiwan) Market Value
| 2392 Stock | TWD 87.80 7.90 9.89% |
| Symbol | Cheng |
Cheng Uei '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 Cheng Uei'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 Cheng Uei.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cheng Uei on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Cheng Uei Precision or generate 0.0% return on investment in Cheng Uei over 180 days. Cheng Uei is related to or competes with Novatek Microelectronics, and United Microelectronics. Cheng Uei Precision Industry Co., Ltd. designs, manufactures, and sells connectors, cable assemblies, power management d... More
Cheng Uei 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 Cheng Uei'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 Cheng Uei Precision upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.0989 | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 6.76 |
Cheng Uei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cheng Uei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cheng Uei's standard deviation. In reality, there are many statistical measures that can use Cheng Uei historical prices to predict the future Cheng Uei's volatility.| Risk Adjusted Performance | 0.1134 | |||
| Jensen Alpha | 0.3699 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1331 | |||
| Treynor Ratio | 0.7453 |
Cheng Uei Precision Backtested Returns
Cheng Uei appears to be very steady, given 3 months investment horizon. Cheng Uei Precision secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Cheng Uei Precision, which you can use to evaluate the volatility of the firm. Please makes use of Cheng Uei's risk adjusted performance of 0.1134, and Mean Deviation of 2.31 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cheng Uei holds a performance score of 9. The firm shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cheng Uei's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cheng Uei is expected to be smaller as well. Please check Cheng Uei's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Cheng Uei's price patterns will revert.
Auto-correlation | -0.5 |
Modest reverse predictability
Cheng Uei Precision has modest reverse predictability. Overlapping area represents the amount of predictability between Cheng Uei time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Cheng Uei Precision price movement. The serial correlation of -0.5 indicates that about 50.0% of current Cheng Uei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 35.86 |
Cheng Uei Precision lagged returns against current returns
Autocorrelation, which is Cheng Uei 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 Cheng Uei's stock expected returns. We can calculate the autocorrelation of Cheng Uei returns to help us make a trade decision. For example, suppose you find that Cheng Uei 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 |
Cheng Uei 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 Cheng Uei stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cheng Uei stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cheng Uei stock over time.
Current vs Lagged Prices |
| Timeline |
Cheng Uei Lagged Returns
When evaluating Cheng Uei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cheng Uei stock have on its future price. Cheng Uei 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, Cheng Uei autocorrelation shows the relationship between Cheng Uei stock current value and its past values and can show if there is a momentum factor associated with investing in Cheng Uei Precision.
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 Cheng Stock Analysis
When running Cheng Uei's price analysis, check to measure Cheng Uei'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 Cheng Uei is operating at the current time. Most of Cheng Uei's value examination focuses on studying past and present price action to predict the probability of Cheng Uei's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheng Uei's price. Additionally, you may evaluate how the addition of Cheng Uei to your portfolios can decrease your overall portfolio volatility.