Chainqui Construction (Taiwan) Market Value
| 2509 Stock | TWD 17.75 0.20 1.14% |
| Symbol | Chainqui |
Chainqui Construction '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 Chainqui Construction'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 Chainqui Construction.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Chainqui Construction on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Chainqui Construction Development or generate 0.0% return on investment in Chainqui Construction over 30 days. Chainqui Construction is related to or competes with Sunny Friend, Taiwan Secom, TTET Union, ECOVE Environment, and Yulon Finance. ,Ltd was founded in 1972 and is based in Taipei City, Taiwan More
Chainqui Construction 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 Chainqui Construction'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 Chainqui Construction Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 13.55 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 2.92 |
Chainqui Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chainqui Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chainqui Construction's standard deviation. In reality, there are many statistical measures that can use Chainqui Construction historical prices to predict the future Chainqui Construction's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (2.91) |
Chainqui Construction Backtested Returns
Chainqui Construction secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of standard deviation over the last 3 months. Chainqui Construction Development exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chainqui Construction's mean deviation of 1.55, and Risk Adjusted Performance of (0.18) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chainqui Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chainqui Construction is expected to be smaller as well. At this point, Chainqui Construction has a negative expected return of -0.41%. Please make sure to confirm Chainqui Construction's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Chainqui Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Chainqui Construction Development has poor predictability. Overlapping area represents the amount of predictability between Chainqui Construction 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 Chainqui Construction price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Chainqui Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Chainqui Construction lagged returns against current returns
Autocorrelation, which is Chainqui Construction 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 Chainqui Construction's stock expected returns. We can calculate the autocorrelation of Chainqui Construction returns to help us make a trade decision. For example, suppose you find that Chainqui Construction 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 |
Chainqui Construction 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 Chainqui Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chainqui Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chainqui Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Chainqui Construction Lagged Returns
When evaluating Chainqui Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chainqui Construction stock have on its future price. Chainqui Construction 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, Chainqui Construction autocorrelation shows the relationship between Chainqui Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Chainqui Construction Development.
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 Chainqui Stock Analysis
When running Chainqui Construction's price analysis, check to measure Chainqui Construction'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 Chainqui Construction is operating at the current time. Most of Chainqui Construction's value examination focuses on studying past and present price action to predict the probability of Chainqui Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chainqui Construction's price. Additionally, you may evaluate how the addition of Chainqui Construction to your portfolios can decrease your overall portfolio volatility.