Chailease Holding (Taiwan) Market Value
| 5871 Stock | TWD 122.00 2.00 1.61% |
| Symbol | Chailease |
Chailease 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 Chailease 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 Chailease Holding.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Chailease Holding on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Chailease Holding Co or generate 0.0% return on investment in Chailease Holding over 30 days. Chailease Holding is related to or competes with Fubon Financial, Cathay Financial, and ESUN Financial. Chailease Holding Company Limited, an investment holding company, provides various leasing and financing services in Tai... More
Chailease 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 Chailease 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 Chailease Holding Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 17.57 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 2.96 |
Chailease Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chailease Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chailease Holding's standard deviation. In reality, there are many statistical measures that can use Chailease Holding historical prices to predict the future Chailease Holding's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | 2.67 |
Chailease Holding Backtested Returns
Chailease Holding secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of standard deviation over the last 3 months. Chailease Holding Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chailease Holding's risk adjusted performance of (0.08), and Mean Deviation of 1.58 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chailease Holding are expected to decrease at a much lower rate. During the bear market, Chailease Holding is likely to outperform the market. At this point, Chailease Holding has a negative expected return of -0.28%. Please make sure to confirm Chailease Holding's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Chailease Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Chailease Holding Co has very good predictability. Overlapping area represents the amount of predictability between Chailease Holding time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Chailease Holding price movement. The serial correlation of 0.81 indicates that around 81.0% of current Chailease Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 108.77 |
Chailease Holding lagged returns against current returns
Autocorrelation, which is Chailease 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 Chailease Holding's stock expected returns. We can calculate the autocorrelation of Chailease Holding returns to help us make a trade decision. For example, suppose you find that Chailease 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 |
Chailease 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 Chailease Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chailease Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chailease Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Chailease Holding Lagged Returns
When evaluating Chailease Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chailease Holding stock have on its future price. Chailease 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, Chailease Holding autocorrelation shows the relationship between Chailease Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Chailease Holding Co.
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 Chailease Stock Analysis
When running Chailease Holding's price analysis, check to measure Chailease 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 Chailease Holding is operating at the current time. Most of Chailease Holding's value examination focuses on studying past and present price action to predict the probability of Chailease 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 Chailease Holding's price. Additionally, you may evaluate how the addition of Chailease Holding to your portfolios can decrease your overall portfolio volatility.