Chant Sincere (Taiwan) Market Value
| 6205 Stock | TWD 76.00 3.60 4.97% |
| Symbol | Chant |
Chant Sincere '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 Chant Sincere'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 Chant Sincere.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Chant Sincere on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Chant Sincere Co or generate 0.0% return on investment in Chant Sincere over 30 days. Chant Sincere is related to or competes with United Microelectronics, and Winbond Electronics. Chant Sincere Co., Ltd. designs, manufactures, and sells connectors and cables in Taiwan and internationally More
Chant Sincere 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 Chant Sincere'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 Chant Sincere Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 11.43 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 4.14 |
Chant Sincere Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chant Sincere's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chant Sincere's standard deviation. In reality, there are many statistical measures that can use Chant Sincere historical prices to predict the future Chant Sincere's volatility.| Risk Adjusted Performance | 0.0539 | |||
| Jensen Alpha | 0.0513 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.2173 |
Chant Sincere Backtested Returns
At this stage we consider Chant Stock to be very steady. Chant Sincere secures Sharpe Ratio (or Efficiency) of 0.077, which signifies that the company had a 0.077% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Chant Sincere Co, which you can use to evaluate the volatility of the firm. Please confirm Chant Sincere's mean deviation of 1.5, and Risk Adjusted Performance of 0.0539 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Chant Sincere has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chant Sincere's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chant Sincere is expected to be smaller as well. Chant Sincere right now shows a risk of 2.17%. Please confirm Chant Sincere downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Chant Sincere will be following its price patterns.
Auto-correlation | -0.42 |
Modest reverse predictability
Chant Sincere Co has modest reverse predictability. Overlapping area represents the amount of predictability between Chant Sincere 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 Chant Sincere price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Chant Sincere price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 19.23 |
Chant Sincere lagged returns against current returns
Autocorrelation, which is Chant Sincere 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 Chant Sincere's stock expected returns. We can calculate the autocorrelation of Chant Sincere returns to help us make a trade decision. For example, suppose you find that Chant Sincere 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 |
Chant Sincere 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 Chant Sincere stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chant Sincere stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chant Sincere stock over time.
Current vs Lagged Prices |
| Timeline |
Chant Sincere Lagged Returns
When evaluating Chant Sincere's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chant Sincere stock have on its future price. Chant Sincere 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, Chant Sincere autocorrelation shows the relationship between Chant Sincere stock current value and its past values and can show if there is a momentum factor associated with investing in Chant Sincere Co.
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 Chant Stock Analysis
When running Chant Sincere's price analysis, check to measure Chant Sincere'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 Chant Sincere is operating at the current time. Most of Chant Sincere's value examination focuses on studying past and present price action to predict the probability of Chant Sincere's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chant Sincere's price. Additionally, you may evaluate how the addition of Chant Sincere to your portfolios can decrease your overall portfolio volatility.