Channel Well (Taiwan) Market Value
| 3078 Stock | TWD 79.80 0.60 0.76% |
| Symbol | Channel |
Channel Well '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 Channel Well'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 Channel Well.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Channel Well on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Channel Well Technology or generate 0.0% return on investment in Channel Well over 30 days. Channel Well is related to or competes with Topco Scientific, Asia Vital, Ardentec, Adata Technology, and Wistron Corp. More
Channel Well 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 Channel Well'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 Channel Well Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.1168 | |||
| Maximum Drawdown | 13.36 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 4.6 |
Channel Well Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Channel Well's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Channel Well's standard deviation. In reality, there are many statistical measures that can use Channel Well historical prices to predict the future Channel Well's volatility.| Risk Adjusted Performance | 0.1089 | |||
| Jensen Alpha | 0.2961 | |||
| Total Risk Alpha | 0.2436 | |||
| Sortino Ratio | 0.1693 | |||
| Treynor Ratio | (82.23) |
Channel Well Technology Backtested Returns
Channel Well appears to be very steady, given 3 months investment horizon. Channel Well Technology secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Channel Well Technology, which you can use to evaluate the volatility of the firm. Please makes use of Channel Well's risk adjusted performance of 0.1089, and Mean Deviation of 1.51 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Channel Well holds a performance score of 12. The firm shows a Beta (market volatility) of -0.0036, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Channel Well are expected to decrease at a much lower rate. During the bear market, Channel Well is likely to outperform the market. Please check Channel Well's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Channel Well's price patterns will revert.
Auto-correlation | 0.63 |
Good predictability
Channel Well Technology has good predictability. Overlapping area represents the amount of predictability between Channel Well time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Channel Well Technology price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Channel Well price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 13.31 |
Channel Well Technology lagged returns against current returns
Autocorrelation, which is Channel Well 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 Channel Well's stock expected returns. We can calculate the autocorrelation of Channel Well returns to help us make a trade decision. For example, suppose you find that Channel Well 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 |
Channel Well 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 Channel Well stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Channel Well stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Channel Well stock over time.
Current vs Lagged Prices |
| Timeline |
Channel Well Lagged Returns
When evaluating Channel Well's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Channel Well stock have on its future price. Channel Well 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, Channel Well autocorrelation shows the relationship between Channel Well stock current value and its past values and can show if there is a momentum factor associated with investing in Channel Well Technology.
Regressed Prices |
| Timeline |
Pair Trading with Channel Well
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Channel Well position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Channel Well will appreciate offsetting losses from the drop in the long position's value.Moving together with Channel Stock
Moving against Channel Stock
| 0.82 | 1303 | Nan Ya Plastics | PairCorr |
| 0.8 | 1301 | Formosa Plastics Corp | PairCorr |
| 0.76 | 2317 | Hon Hai Precision | PairCorr |
| 0.73 | 6505 | Formosa Petrochemical | PairCorr |
| 0.62 | 5274 | Aspeed Technology | PairCorr |
The ability to find closely correlated positions to Channel Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Channel Well when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Channel Well - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Channel Well Technology to buy it.
The correlation of Channel Well is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Channel Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Channel Well Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Channel Well can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Channel Stock Analysis
When running Channel Well's price analysis, check to measure Channel Well'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 Channel Well is operating at the current time. Most of Channel Well's value examination focuses on studying past and present price action to predict the probability of Channel Well's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Channel Well's price. Additionally, you may evaluate how the addition of Channel Well to your portfolios can decrease your overall portfolio volatility.