Cheer Time's market value is the price at which a share of Cheer Time trades on a public exchange. It measures the collective expectations of Cheer Time Enterprise investors about its performance. Cheer Time is selling for under 17.50 as of the 10th of January 2025; that is 0.28 percent decrease since the beginning of the trading day. The stock's lowest day price was 17.2. With this module, you can estimate the performance of a buy and hold strategy of Cheer Time Enterprise and determine expected loss or profit from investing in Cheer Time over a given investment horizon. Check out Cheer Time Correlation, Cheer Time Volatility and Cheer Time Alpha and Beta module to complement your research on Cheer Time.
Please note, there is a significant difference between Cheer Time's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cheer Time is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cheer Time's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Cheer Time '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 Cheer Time'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 Cheer Time.
0.00
12/11/2024
No Change 0.00
0.0
In 30 days
01/10/2025
0.00
If you would invest 0.00 in Cheer Time on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Cheer Time Enterprise or generate 0.0% return on investment in Cheer Time over 30 days. Cheer Time is related to or competes with Nichidenbo Corp, Logah Technology, Powertech Industrial, HannStar Board, and Tripod Technology. Cheer Time Enterprise Co Ltd. manufactures and sells printed circuit boards in Taiwan More
Cheer Time 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 Cheer Time'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 Cheer Time Enterprise upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cheer Time's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cheer Time's standard deviation. In reality, there are many statistical measures that can use Cheer Time historical prices to predict the future Cheer Time's volatility.
Cheer Time Enterprise secures Sharpe Ratio (or Efficiency) of -0.0767, which signifies that the company had a -0.0767% return per unit of standard deviation over the last 3 months. Cheer Time Enterprise exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cheer Time's mean deviation of 2.02, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cheer Time are expected to decrease at a much lower rate. During the bear market, Cheer Time is likely to outperform the market. At this point, Cheer Time Enterprise has a negative expected return of -0.22%. Please make sure to confirm Cheer Time's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Cheer Time Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation
0.55
Modest predictability
Cheer Time Enterprise has modest predictability. Overlapping area represents the amount of predictability between Cheer Time 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 Cheer Time Enterprise price movement. The serial correlation of 0.55 indicates that about 55.0% of current Cheer Time price fluctuation can be explain by its past prices.
Correlation Coefficient
0.55
Spearman Rank Test
0.19
Residual Average
0.0
Price Variance
0.1
Cheer Time Enterprise lagged returns against current returns
Autocorrelation, which is Cheer Time 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 Cheer Time's stock expected returns. We can calculate the autocorrelation of Cheer Time returns to help us make a trade decision. For example, suppose you find that Cheer Time 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
Cheer Time 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 Cheer Time stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cheer Time stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cheer Time stock over time.
Current vs Lagged Prices
Timeline
Cheer Time Lagged Returns
When evaluating Cheer Time's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cheer Time stock have on its future price. Cheer Time 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, Cheer Time autocorrelation shows the relationship between Cheer Time stock current value and its past values and can show if there is a momentum factor associated with investing in Cheer Time Enterprise.
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.
When running Cheer Time's price analysis, check to measure Cheer Time'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 Cheer Time is operating at the current time. Most of Cheer Time's value examination focuses on studying past and present price action to predict the probability of Cheer Time's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheer Time's price. Additionally, you may evaluate how the addition of Cheer Time to your portfolios can decrease your overall portfolio volatility.