Chicony Power (Taiwan) Market Value
| 6412 Stock | TWD 126.00 1.50 1.18% |
| Symbol | Chicony |
Chicony Power '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 Chicony Power'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 Chicony Power.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Chicony Power on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Chicony Power Technology or generate 0.0% return on investment in Chicony Power over 180 days. Chicony Power is related to or competes with Merry Electronics, E Lead, Heran, and Zeng Hsing. Chicony Power Technology Co., Ltd. manufactures and sells switching power supplies, electronic components, and LED light... More
Chicony Power 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 Chicony Power'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 Chicony Power Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.14 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 2.53 |
Chicony Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chicony Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chicony Power's standard deviation. In reality, there are many statistical measures that can use Chicony Power historical prices to predict the future Chicony Power's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | 0.0279 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (4.87) |
Chicony Power Technology Backtested Returns
At this stage we consider Chicony Stock to be very steady. Chicony Power Technology secures Sharpe Ratio (or Efficiency) of 0.0128, which signifies that the company had a 0.0128% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Chicony Power Technology, which you can use to evaluate the volatility of the firm. Please confirm Chicony Power's Risk Adjusted Performance of 0.0204, mean deviation of 1.25, and Downside Deviation of 1.78 to double-check if the risk estimate we provide is consistent with the expected return of 0.0259%. Chicony Power has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0056, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chicony Power are expected to decrease at a much lower rate. During the bear market, Chicony Power is likely to outperform the market. Chicony Power Technology right now shows a risk of 2.02%. Please confirm Chicony Power Technology mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Chicony Power Technology will be following its price patterns.
Auto-correlation | 0.46 |
Average predictability
Chicony Power Technology has average predictability. Overlapping area represents the amount of predictability between Chicony Power time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Chicony Power Technology price movement. The serial correlation of 0.46 indicates that about 46.0% of current Chicony Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 42.95 |
Chicony Power Technology lagged returns against current returns
Autocorrelation, which is Chicony Power 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 Chicony Power's stock expected returns. We can calculate the autocorrelation of Chicony Power returns to help us make a trade decision. For example, suppose you find that Chicony Power 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 |
Chicony Power 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 Chicony Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chicony Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chicony Power stock over time.
Current vs Lagged Prices |
| Timeline |
Chicony Power Lagged Returns
When evaluating Chicony Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chicony Power stock have on its future price. Chicony Power 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, Chicony Power autocorrelation shows the relationship between Chicony Power stock current value and its past values and can show if there is a momentum factor associated with investing in Chicony Power Technology.
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 Chicony Stock Analysis
When running Chicony Power's price analysis, check to measure Chicony Power'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 Chicony Power is operating at the current time. Most of Chicony Power's value examination focuses on studying past and present price action to predict the probability of Chicony Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chicony Power's price. Additionally, you may evaluate how the addition of Chicony Power to your portfolios can decrease your overall portfolio volatility.