Continental Holdings (Taiwan) Market Value
| 3703 Stock | TWD 30.40 0.35 1.16% |
| Symbol | Continental |
Continental Holdings '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 Continental Holdings' 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 Continental Holdings.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Continental Holdings on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Continental Holdings Corp or generate 0.0% return on investment in Continental Holdings over 90 days. Continental Holdings is related to or competes with BES Engineering, Chien Kuo, Hung Sheng, YungShin Global, and Kee Tai. Continental Holdings Corporation, together with its subsidiaries, engages in civil construction, building construction, ... More
Continental Holdings 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 Continental Holdings' 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 Continental Holdings Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 13.77 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.96 |
Continental Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Continental Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Continental Holdings' standard deviation. In reality, there are many statistical measures that can use Continental Holdings historical prices to predict the future Continental Holdings' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (3.81) |
Continental Holdings Corp Backtested Returns
Continental Holdings Corp secures Sharpe Ratio (or Efficiency) of -0.0827, which signifies that the company had a -0.0827% return per unit of risk over the last 3 months. Continental Holdings Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Continental Holdings' Standard Deviation of 1.96, risk adjusted performance of (0.06), and Mean Deviation of 1.3 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0474, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Continental Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Continental Holdings is expected to be smaller as well. At this point, Continental Holdings Corp has a negative expected return of -0.16%. Please make sure to confirm Continental Holdings' total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Continental Holdings Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Continental Holdings Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Continental Holdings time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 Continental Holdings Corp price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Continental Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Continental Holdings Corp lagged returns against current returns
Autocorrelation, which is Continental Holdings 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 Continental Holdings' stock expected returns. We can calculate the autocorrelation of Continental Holdings returns to help us make a trade decision. For example, suppose you find that Continental Holdings 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 |
Continental Holdings 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 Continental Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Continental Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Continental Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Continental Holdings Lagged Returns
When evaluating Continental Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Continental Holdings stock have on its future price. Continental Holdings 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, Continental Holdings autocorrelation shows the relationship between Continental Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Continental Holdings 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 Continental Stock Analysis
When running Continental Holdings' price analysis, check to measure Continental Holdings' 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 Continental Holdings is operating at the current time. Most of Continental Holdings' value examination focuses on studying past and present price action to predict the probability of Continental Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Continental Holdings' price. Additionally, you may evaluate how the addition of Continental Holdings to your portfolios can decrease your overall portfolio volatility.