China Container (Taiwan) Market Value
| 2613 Stock | TWD 34.70 0.70 1.98% |
| Symbol | China |
China Container '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 China Container'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 China Container.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in China Container on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding China Container Terminal or generate 0.0% return on investment in China Container over 720 days. China Container is related to or competes with Sunny Friend, TTET Union, ECOVE Environment, and Yulon Finance. China Container Terminal Corp. provides cargo handling services in Taiwan More
China Container 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 China Container'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 China Container Terminal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.86 | |||
| Information Ratio | 0.0072 | |||
| Maximum Drawdown | 19.93 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 9.9 |
China Container Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Container's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Container's standard deviation. In reality, there are many statistical measures that can use China Container historical prices to predict the future China Container's volatility.| Risk Adjusted Performance | 0.042 | |||
| Jensen Alpha | 0.0819 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0087 | |||
| Treynor Ratio | 0.2759 |
China Container Terminal Backtested Returns
At this stage we consider China Stock to be not too volatile. China Container Terminal secures Sharpe Ratio (or Efficiency) of 0.042, which signifies that the company had a 0.042% return per unit of risk over the last 3 months. We have found thirty technical indicators for China Container Terminal, which you can use to evaluate the volatility of the firm. Please confirm China Container's Risk Adjusted Performance of 0.042, mean deviation of 2.34, and Downside Deviation of 2.86 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. China Container has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Container's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Container is expected to be smaller as well. China Container Terminal right now shows a risk of 3.52%. Please confirm China Container Terminal downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if China Container Terminal will be following its price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
China Container Terminal has good reverse predictability. Overlapping area represents the amount of predictability between China Container time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 China Container Terminal price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current China Container price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 51.34 |
China Container Terminal lagged returns against current returns
Autocorrelation, which is China Container 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 China Container's stock expected returns. We can calculate the autocorrelation of China Container returns to help us make a trade decision. For example, suppose you find that China Container 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 |
China Container 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 China Container stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Container stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Container stock over time.
Current vs Lagged Prices |
| Timeline |
China Container Lagged Returns
When evaluating China Container's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Container stock have on its future price. China Container 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, China Container autocorrelation shows the relationship between China Container stock current value and its past values and can show if there is a momentum factor associated with investing in China Container Terminal.
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 China Stock Analysis
When running China Container's price analysis, check to measure China Container'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 China Container is operating at the current time. Most of China Container's value examination focuses on studying past and present price action to predict the probability of China Container's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Container's price. Additionally, you may evaluate how the addition of China Container to your portfolios can decrease your overall portfolio volatility.