Champion Microelectronic (Taiwan) Market Value
| 3257 Stock | TWD 62.80 1.10 1.72% |
| Symbol | Champion |
Champion Microelectronic '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 Champion Microelectronic'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 Champion Microelectronic.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Champion Microelectronic on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Champion Microelectronic Corp or generate 0.0% return on investment in Champion Microelectronic over 30 days. Champion Microelectronic is related to or competes with United Microelectronics, and Winbond Electronics. Champion Microelectronic Corporation designs, manufactures, and sells power semiconductor devices for IT and industrial ... More
Champion Microelectronic 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 Champion Microelectronic'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 Champion Microelectronic Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.0538 | |||
| Maximum Drawdown | 17.82 | |||
| Value At Risk | (5.58) | |||
| Potential Upside | 4.17 |
Champion Microelectronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Champion Microelectronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Champion Microelectronic's standard deviation. In reality, there are many statistical measures that can use Champion Microelectronic historical prices to predict the future Champion Microelectronic's volatility.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | 0.2379 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0496 | |||
| Treynor Ratio | 0.7269 |
Champion Microelectronic Backtested Returns
Champion Microelectronic appears to be very steady, given 3 months investment horizon. Champion Microelectronic secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Champion Microelectronic Corp, which you can use to evaluate the volatility of the firm. Please makes use of Champion Microelectronic's risk adjusted performance of 0.0838, and Mean Deviation of 2.19 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Champion Microelectronic holds a performance score of 8. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Champion Microelectronic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Champion Microelectronic is expected to be smaller as well. Please check Champion Microelectronic'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 Champion Microelectronic's price patterns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
Champion Microelectronic Corp has good reverse predictability. Overlapping area represents the amount of predictability between Champion Microelectronic time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Champion Microelectronic price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Champion Microelectronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 1.75 |
Champion Microelectronic lagged returns against current returns
Autocorrelation, which is Champion Microelectronic 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 Champion Microelectronic's stock expected returns. We can calculate the autocorrelation of Champion Microelectronic returns to help us make a trade decision. For example, suppose you find that Champion Microelectronic 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 |
Champion Microelectronic 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 Champion Microelectronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Champion Microelectronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Champion Microelectronic stock over time.
Current vs Lagged Prices |
| Timeline |
Champion Microelectronic Lagged Returns
When evaluating Champion Microelectronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Champion Microelectronic stock have on its future price. Champion Microelectronic 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, Champion Microelectronic autocorrelation shows the relationship between Champion Microelectronic stock current value and its past values and can show if there is a momentum factor associated with investing in Champion Microelectronic Corp.
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 Champion Stock Analysis
When running Champion Microelectronic's price analysis, check to measure Champion Microelectronic'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 Champion Microelectronic is operating at the current time. Most of Champion Microelectronic's value examination focuses on studying past and present price action to predict the probability of Champion Microelectronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Champion Microelectronic's price. Additionally, you may evaluate how the addition of Champion Microelectronic to your portfolios can decrease your overall portfolio volatility.