Chenming Mold (Taiwan) Market Value
| 3013 Stock | TWD 154.00 6.00 4.05% |
| Symbol | Chenming |
Chenming Mold '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 Chenming Mold'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 Chenming Mold.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Chenming Mold on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Chenming Mold Industrial or generate 0.0% return on investment in Chenming Mold over 30 days. Chenming Mold is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Chenming Mold Ind. Corporation manufactures and sells various mechanical parts in Asia and North America. More
Chenming Mold 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 Chenming Mold'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 Chenming Mold Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.0699 | |||
| Maximum Drawdown | 14.69 | |||
| Value At Risk | (4.52) | |||
| Potential Upside | 8.02 |
Chenming Mold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chenming Mold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chenming Mold's standard deviation. In reality, there are many statistical measures that can use Chenming Mold historical prices to predict the future Chenming Mold's volatility.| Risk Adjusted Performance | 0.0876 | |||
| Jensen Alpha | 0.3177 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0912 | |||
| Treynor Ratio | 0.6481 |
Chenming Mold Industrial Backtested Returns
Chenming Mold appears to be very steady, given 3 months investment horizon. Chenming Mold Industrial secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Chenming Mold Industrial, which you can use to evaluate the volatility of the firm. Please makes use of Chenming Mold's mean deviation of 3.05, and Risk Adjusted Performance of 0.0876 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chenming Mold holds a performance score of 9. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chenming Mold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chenming Mold is expected to be smaller as well. Please check Chenming Mold's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Chenming Mold's price patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Chenming Mold Industrial has weak reverse predictability. Overlapping area represents the amount of predictability between Chenming Mold time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 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 Chenming Mold Industrial price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Chenming Mold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 53.56 |
Chenming Mold Industrial lagged returns against current returns
Autocorrelation, which is Chenming Mold 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 Chenming Mold's stock expected returns. We can calculate the autocorrelation of Chenming Mold returns to help us make a trade decision. For example, suppose you find that Chenming Mold 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 |
Chenming Mold 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 Chenming Mold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chenming Mold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chenming Mold stock over time.
Current vs Lagged Prices |
| Timeline |
Chenming Mold Lagged Returns
When evaluating Chenming Mold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chenming Mold stock have on its future price. Chenming Mold 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, Chenming Mold autocorrelation shows the relationship between Chenming Mold stock current value and its past values and can show if there is a momentum factor associated with investing in Chenming Mold Industrial.
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 Chenming Stock Analysis
When running Chenming Mold's price analysis, check to measure Chenming Mold'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 Chenming Mold is operating at the current time. Most of Chenming Mold's value examination focuses on studying past and present price action to predict the probability of Chenming Mold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chenming Mold's price. Additionally, you may evaluate how the addition of Chenming Mold to your portfolios can decrease your overall portfolio volatility.