Chunghwa Telecom (Taiwan) Market Value
| 2412 Stock | TWD 123.00 0.50 0.41% |
| Symbol | Chunghwa |
Chunghwa Telecom '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 Chunghwa Telecom'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 Chunghwa Telecom.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Chunghwa Telecom on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Chunghwa Telecom Co or generate 0.0% return on investment in Chunghwa Telecom over 30 days. Chunghwa Telecom is related to or competes with Taiwan Mobile, China Steel, Formosa Plastics, Cathay Financial, and Fubon Financial. Chunghwa Telecom Co., Ltd. provides telecommunication services in Taiwan More
Chunghwa Telecom 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 Chunghwa Telecom'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 Chunghwa Telecom Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 0.8163 |
Chunghwa Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chunghwa Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chunghwa Telecom's standard deviation. In reality, there are many statistical measures that can use Chunghwa Telecom historical prices to predict the future Chunghwa Telecom's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.20) |
Chunghwa Telecom Backtested Returns
Chunghwa Telecom secures Sharpe Ratio (or Efficiency) of -0.0199, which signifies that the company had a -0.0199% return per unit of risk over the last 3 months. Chunghwa Telecom Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chunghwa Telecom's Standard Deviation of 0.5558, mean deviation of 0.3879, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0714, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chunghwa Telecom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chunghwa Telecom is expected to be smaller as well. At this point, Chunghwa Telecom has a negative expected return of -0.0113%. Please make sure to confirm Chunghwa Telecom's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Chunghwa Telecom performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Chunghwa Telecom Co has insignificant predictability. Overlapping area represents the amount of predictability between Chunghwa Telecom time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Chunghwa Telecom price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Chunghwa Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Chunghwa Telecom lagged returns against current returns
Autocorrelation, which is Chunghwa Telecom 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 Chunghwa Telecom's stock expected returns. We can calculate the autocorrelation of Chunghwa Telecom returns to help us make a trade decision. For example, suppose you find that Chunghwa Telecom 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 |
Chunghwa Telecom 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 Chunghwa Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chunghwa Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chunghwa Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
Chunghwa Telecom Lagged Returns
When evaluating Chunghwa Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chunghwa Telecom stock have on its future price. Chunghwa Telecom 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, Chunghwa Telecom autocorrelation shows the relationship between Chunghwa Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Chunghwa Telecom 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 Chunghwa Stock Analysis
When running Chunghwa Telecom's price analysis, check to measure Chunghwa Telecom'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 Chunghwa Telecom is operating at the current time. Most of Chunghwa Telecom's value examination focuses on studying past and present price action to predict the probability of Chunghwa Telecom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chunghwa Telecom's price. Additionally, you may evaluate how the addition of Chunghwa Telecom to your portfolios can decrease your overall portfolio volatility.