King Chou (Taiwan) Market Value
| 4417 Stock | TWD 41.80 1.60 3.98% |
| Symbol | King |
King Chou '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 King Chou'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 King Chou.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in King Chou on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding King Chou Marine or generate 0.0% return on investment in King Chou over 30 days. King Chou is related to or competes with Chun Yuan, Chia Yi, ECOVE Environment, Yeou Yih, Arima Communications, Taiwan Steel, and Chinese Maritime. King Chou Marine Technology Co., Ltd. manufactures and sells netting products for the marine industries under the King N... More
King Chou 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 King Chou'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 King Chou Marine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.92 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 1.38 |
King Chou Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for King Chou's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as King Chou's standard deviation. In reality, there are many statistical measures that can use King Chou historical prices to predict the future King Chou's volatility.| Risk Adjusted Performance | 0.0469 | |||
| Jensen Alpha | 0.0097 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.15 |
King Chou Marine Backtested Returns
At this stage we consider King Stock to be very steady. King Chou Marine has Sharpe Ratio of 0.0294, which conveys that the firm had a 0.0294% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for King Chou, which you can use to evaluate the volatility of the firm. Please verify King Chou's Risk Adjusted Performance of 0.0469, downside deviation of 1.01, and Mean Deviation of 0.4986 to check out if the risk estimate we provide is consistent with the expected return of 0.0233%. King Chou has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, King Chou's returns are expected to increase less than the market. However, during the bear market, the loss of holding King Chou is expected to be smaller as well. King Chou Marine right now secures a risk of 0.79%. Please verify King Chou Marine downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if King Chou Marine will be following its current price movements.
Auto-correlation | 0.39 |
Below average predictability
King Chou Marine has below average predictability. Overlapping area represents the amount of predictability between King Chou time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 King Chou Marine price movement. The serial correlation of 0.39 indicates that just about 39.0% of current King Chou price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
King Chou Marine lagged returns against current returns
Autocorrelation, which is King Chou 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 King Chou's stock expected returns. We can calculate the autocorrelation of King Chou returns to help us make a trade decision. For example, suppose you find that King Chou 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 |
King Chou 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 King Chou stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if King Chou stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in King Chou stock over time.
Current vs Lagged Prices |
| Timeline |
King Chou Lagged Returns
When evaluating King Chou's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of King Chou stock have on its future price. King Chou 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, King Chou autocorrelation shows the relationship between King Chou stock current value and its past values and can show if there is a momentum factor associated with investing in King Chou Marine.
Regressed Prices |
| Timeline |
Pair Trading with King Chou
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 King Chou 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 King Chou will appreciate offsetting losses from the drop in the long position's value.Moving together with King Stock
Moving against King Stock
The ability to find closely correlated positions to King Chou could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace King Chou 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 King Chou - 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 King Chou Marine to buy it.
The correlation of King Chou 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 King Chou moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if King Chou Marine 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 King Chou 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 King Stock Analysis
When running King Chou's price analysis, check to measure King Chou'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 King Chou is operating at the current time. Most of King Chou's value examination focuses on studying past and present price action to predict the probability of King Chou's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move King Chou's price. Additionally, you may evaluate how the addition of King Chou to your portfolios can decrease your overall portfolio volatility.