I Chiun (Taiwan) Market Value
| 2486 Stock | TWD 110.50 4.50 3.91% |
| Symbol | 2486 |
I Chiun '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 I Chiun'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 I Chiun.
| 05/05/2023 |
| 11/25/2024 |
If you would invest 0.00 in I Chiun on May 5, 2023 and sell it all today you would earn a total of 0.00 from holding I Chiun Precision Industry or generate 0.0% return on investment in I Chiun over 570 days. I Chiun is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. I-Chiun Precision Industry Co., Ltd. develops and sells high-tech precision electronics and related applications worldwi... More
I Chiun 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 I Chiun'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 I Chiun Precision Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | 0.0252 | |||
| Maximum Drawdown | 15.59 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 5.9 |
I Chiun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for I Chiun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as I Chiun's standard deviation. In reality, there are many statistical measures that can use I Chiun historical prices to predict the future I Chiun's volatility.| Risk Adjusted Performance | 0.0595 | |||
| Jensen Alpha | 0.1905 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.026 | |||
| Treynor Ratio | 3.11 |
I Chiun Precision Backtested Returns
I Chiun appears to be very steady, given 3 months investment horizon. I Chiun Precision retains Efficiency (Sharpe Ratio) of 0.0742, which attests that the company had a 0.0742% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for I Chiun, which you can use to evaluate the volatility of the entity. Please utilize I Chiun's Market Risk Adjusted Performance of 3.12, downside deviation of 2.98, and Semi Deviation of 2.58 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, I Chiun holds a performance score of 5. The firm owns a Beta (Systematic Risk) of 0.0638, which attests to not very significant fluctuations relative to the market. As returns on the market increase, I Chiun's returns are expected to increase less than the market. However, during the bear market, the loss of holding I Chiun is expected to be smaller as well. Please check I Chiun's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether I Chiun's current price history will revert.
Auto-correlation | 0.67 |
Good predictability
I Chiun Precision Industry has good predictability. Overlapping area represents the amount of predictability between I Chiun time series from 5th of May 2023 to 14th of February 2024 and 14th of February 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 I Chiun Precision price movement. The serial correlation of 0.67 indicates that around 67.0% of current I Chiun price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 715.55 |
I Chiun Precision lagged returns against current returns
Autocorrelation, which is I Chiun 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 I Chiun's stock expected returns. We can calculate the autocorrelation of I Chiun returns to help us make a trade decision. For example, suppose you find that I Chiun 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 |
I Chiun 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 I Chiun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if I Chiun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in I Chiun stock over time.
Current vs Lagged Prices |
| Timeline |
I Chiun Lagged Returns
When evaluating I Chiun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of I Chiun stock have on its future price. I Chiun 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, I Chiun autocorrelation shows the relationship between I Chiun stock current value and its past values and can show if there is a momentum factor associated with investing in I Chiun Precision Industry.
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 2486 Stock Analysis
When running I Chiun's price analysis, check to measure I Chiun'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 I Chiun is operating at the current time. Most of I Chiun's value examination focuses on studying past and present price action to predict the probability of I Chiun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move I Chiun's price. Additionally, you may evaluate how the addition of I Chiun to your portfolios can decrease your overall portfolio volatility.