Chlitina Holding (Taiwan) Market Value
| 4137 Stock | TWD 115.50 1.00 0.86% |
| Symbol | Chlitina |
Chlitina Holding '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 Chlitina Holding'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 Chlitina Holding.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Chlitina Holding on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Chlitina Holding or generate 0.0% return on investment in Chlitina Holding over 30 days. Chlitina Holding is related to or competes with Standard Foods, TTET Union, Uni President, and Charoen Pokphand. Chlitina Holding Limited, together with its subsidiaries, researches, develops, manufactures, and markets beauty skincar... More
Chlitina Holding 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 Chlitina Holding'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 Chlitina Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.07 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 3.42 |
Chlitina Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chlitina Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chlitina Holding's standard deviation. In reality, there are many statistical measures that can use Chlitina Holding historical prices to predict the future Chlitina Holding's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.7823 |
Chlitina Holding Backtested Returns
Chlitina Holding secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. Chlitina Holding exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chlitina Holding's Standard Deviation of 2.09, mean deviation of 1.52, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chlitina Holding are expected to decrease at a much lower rate. During the bear market, Chlitina Holding is likely to outperform the market. At this point, Chlitina Holding has a negative expected return of -0.25%. Please make sure to confirm Chlitina Holding's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Chlitina Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Chlitina Holding has modest predictability. Overlapping area represents the amount of predictability between Chlitina Holding time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Chlitina Holding price movement. The serial correlation of 0.54 indicates that about 54.0% of current Chlitina Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 4.6 |
Chlitina Holding lagged returns against current returns
Autocorrelation, which is Chlitina Holding 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 Chlitina Holding's stock expected returns. We can calculate the autocorrelation of Chlitina Holding returns to help us make a trade decision. For example, suppose you find that Chlitina Holding 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 |
Chlitina Holding 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 Chlitina Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chlitina Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chlitina Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Chlitina Holding Lagged Returns
When evaluating Chlitina Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chlitina Holding stock have on its future price. Chlitina Holding 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, Chlitina Holding autocorrelation shows the relationship between Chlitina Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Chlitina Holding.
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 Chlitina Stock Analysis
When running Chlitina Holding's price analysis, check to measure Chlitina Holding'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 Chlitina Holding is operating at the current time. Most of Chlitina Holding's value examination focuses on studying past and present price action to predict the probability of Chlitina Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chlitina Holding's price. Additionally, you may evaluate how the addition of Chlitina Holding to your portfolios can decrease your overall portfolio volatility.