Taiwan Chinsan (Taiwan) Market Value
| 8042 Stock | TWD 38.30 3.75 10.85% |
| Symbol | Taiwan |
Taiwan Chinsan '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 Taiwan Chinsan'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 Taiwan Chinsan.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Taiwan Chinsan on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Taiwan Chinsan Electronic or generate 0.0% return on investment in Taiwan Chinsan over 360 days. Taiwan Chinsan is related to or competes with Advantech, IEI Integration, Flytech Technology, and ADLINK Technology. Taiwan Chinsan Electronic Industrial Co., Ltd More
Taiwan Chinsan 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 Taiwan Chinsan'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 Taiwan Chinsan Electronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.566 | |||
| Information Ratio | 0.0333 | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 1.32 |
Taiwan Chinsan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Chinsan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Chinsan's standard deviation. In reality, there are many statistical measures that can use Taiwan Chinsan historical prices to predict the future Taiwan Chinsan's volatility.| Risk Adjusted Performance | 0.0991 | |||
| Jensen Alpha | 0.1393 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0858 | |||
| Treynor Ratio | 0.6804 |
Taiwan Chinsan Electronic Backtested Returns
At this stage we consider Taiwan Stock to be very steady. Taiwan Chinsan Electronic owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Taiwan Chinsan Electronic, which you can use to evaluate the volatility of the company. Please validate Taiwan Chinsan's Downside Deviation of 0.566, standard deviation of 1.46, and Risk Adjusted Performance of 0.0991 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Taiwan Chinsan has a performance score of 9 on a scale of 0 to 100. The entity has a beta of 0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Chinsan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Chinsan is expected to be smaller as well. Taiwan Chinsan Electronic right now has a risk of 1.48%. Please validate Taiwan Chinsan mean deviation, coefficient of variation, variance, as well as the relationship between the downside deviation and standard deviation , to decide if Taiwan Chinsan will be following its existing price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Taiwan Chinsan Electronic has insignificant predictability. Overlapping area represents the amount of predictability between Taiwan Chinsan time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Taiwan Chinsan Electronic price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Taiwan Chinsan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.84 |
Taiwan Chinsan Electronic lagged returns against current returns
Autocorrelation, which is Taiwan Chinsan 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 Taiwan Chinsan's stock expected returns. We can calculate the autocorrelation of Taiwan Chinsan returns to help us make a trade decision. For example, suppose you find that Taiwan Chinsan 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 |
Taiwan Chinsan 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 Taiwan Chinsan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Chinsan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Chinsan stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Chinsan Lagged Returns
When evaluating Taiwan Chinsan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Chinsan stock have on its future price. Taiwan Chinsan 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, Taiwan Chinsan autocorrelation shows the relationship between Taiwan Chinsan stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Chinsan Electronic.
Regressed Prices |
| Timeline |
Pair Trading with Taiwan Chinsan
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 Taiwan Chinsan 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 Taiwan Chinsan will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Taiwan Chinsan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taiwan Chinsan 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 Taiwan Chinsan - 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 Taiwan Chinsan Electronic to buy it.
The correlation of Taiwan Chinsan 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 Taiwan Chinsan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taiwan Chinsan Electronic 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 Taiwan Chinsan 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 Taiwan Stock Analysis
When running Taiwan Chinsan's price analysis, check to measure Taiwan Chinsan'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 Taiwan Chinsan is operating at the current time. Most of Taiwan Chinsan's value examination focuses on studying past and present price action to predict the probability of Taiwan Chinsan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Chinsan's price. Additionally, you may evaluate how the addition of Taiwan Chinsan to your portfolios can decrease your overall portfolio volatility.