Central Reinsurance (Taiwan) Market Value
| 2851 Stock | TWD 25.60 0.05 0.19% |
| Symbol | Central |
Central Reinsurance '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 Central Reinsurance'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 Central Reinsurance.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Central Reinsurance on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Central Reinsurance Corp or generate 0.0% return on investment in Central Reinsurance over 30 days. Central Reinsurance is related to or competes with Fubon Financial, Cathay Financial, and ESUN Financial. Central Reinsurance Corporation underwrites non-life and life reinsurance in Taiwan and internationally More
Central Reinsurance 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 Central Reinsurance'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 Central Reinsurance Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.47 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.68 |
Central Reinsurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central Reinsurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central Reinsurance's standard deviation. In reality, there are many statistical measures that can use Central Reinsurance historical prices to predict the future Central Reinsurance's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.78) |
Central Reinsurance Corp Backtested Returns
Central Reinsurance Corp secures Sharpe Ratio (or Efficiency) of -0.0773, which signifies that the company had a -0.0773% return per unit of risk over the last 3 months. Central Reinsurance Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Central Reinsurance's Standard Deviation of 1.23, mean deviation of 0.8549, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0334, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Central Reinsurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Central Reinsurance is expected to be smaller as well. At this point, Central Reinsurance Corp has a negative expected return of -0.0819%. Please make sure to confirm Central Reinsurance's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Central Reinsurance Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Central Reinsurance Corp has below average predictability. Overlapping area represents the amount of predictability between Central Reinsurance 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 Central Reinsurance Corp price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Central Reinsurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Central Reinsurance Corp lagged returns against current returns
Autocorrelation, which is Central Reinsurance 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 Central Reinsurance's stock expected returns. We can calculate the autocorrelation of Central Reinsurance returns to help us make a trade decision. For example, suppose you find that Central Reinsurance 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 |
Central Reinsurance 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 Central Reinsurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central Reinsurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central Reinsurance stock over time.
Current vs Lagged Prices |
| Timeline |
Central Reinsurance Lagged Returns
When evaluating Central Reinsurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central Reinsurance stock have on its future price. Central Reinsurance 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, Central Reinsurance autocorrelation shows the relationship between Central Reinsurance stock current value and its past values and can show if there is a momentum factor associated with investing in Central Reinsurance Corp.
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 Central Stock Analysis
When running Central Reinsurance's price analysis, check to measure Central Reinsurance'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 Central Reinsurance is operating at the current time. Most of Central Reinsurance's value examination focuses on studying past and present price action to predict the probability of Central Reinsurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Reinsurance's price. Additionally, you may evaluate how the addition of Central Reinsurance to your portfolios can decrease your overall portfolio volatility.