Chander Electronics (Taiwan) Market Value
| 8068 Stock | TWD 30.25 0.30 0.98% |
| Symbol | Chander |
Chander Electronics '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 Chander Electronics' 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 Chander Electronics.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Chander Electronics on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Chander Electronics Corp or generate 0.0% return on investment in Chander Electronics over 180 days. Chander Electronics is related to or competes with Advantech, IEI Integration, Flytech Technology, and ADLINK Technology. Chander Electronics Corp. operates as a sales agent for computer components, software, peripherals, and communications e... More
Chander Electronics 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 Chander Electronics' 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 Chander Electronics Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.13 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 4.87 |
Chander Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chander Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chander Electronics' standard deviation. In reality, there are many statistical measures that can use Chander Electronics historical prices to predict the future Chander Electronics' volatility.| Risk Adjusted Performance | 0.0349 | |||
| Jensen Alpha | 0.0696 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.5286 |
Chander Electronics Corp Backtested Returns
At this stage we consider Chander Stock to be not too volatile. Chander Electronics Corp secures Sharpe Ratio (or Efficiency) of 0.024, which signifies that the company had a 0.024% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Chander Electronics Corp, which you can use to evaluate the volatility of the firm. Please confirm Chander Electronics' risk adjusted performance of 0.0349, and Mean Deviation of 1.92 to double-check if the risk estimate we provide is consistent with the expected return of 0.0677%. Chander Electronics has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chander Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Chander Electronics is expected to be smaller as well. Chander Electronics Corp right now shows a risk of 2.82%. Please confirm Chander Electronics Corp downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Chander Electronics Corp will be following its price patterns.
Auto-correlation | 0.02 |
Virtually no predictability
Chander Electronics Corp has virtually no predictability. Overlapping area represents the amount of predictability between Chander Electronics 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 Chander Electronics Corp price movement. The serial correlation of 0.02 indicates that only 2.0% of current Chander Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 1.02 |
Chander Electronics Corp lagged returns against current returns
Autocorrelation, which is Chander Electronics 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 Chander Electronics' stock expected returns. We can calculate the autocorrelation of Chander Electronics returns to help us make a trade decision. For example, suppose you find that Chander Electronics 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 |
Chander Electronics 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 Chander Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chander Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chander Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Chander Electronics Lagged Returns
When evaluating Chander Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chander Electronics stock have on its future price. Chander Electronics 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, Chander Electronics autocorrelation shows the relationship between Chander Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Chander Electronics Corp.
Regressed Prices |
| Timeline |
Pair Trading with Chander Electronics
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 Chander Electronics 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 Chander Electronics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Chander Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chander Electronics 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 Chander Electronics - 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 Chander Electronics Corp to buy it.
The correlation of Chander Electronics 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 Chander Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chander Electronics Corp 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 Chander Electronics 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 Chander Stock Analysis
When running Chander Electronics' price analysis, check to measure Chander Electronics' 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 Chander Electronics is operating at the current time. Most of Chander Electronics' value examination focuses on studying past and present price action to predict the probability of Chander Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chander Electronics' price. Additionally, you may evaluate how the addition of Chander Electronics to your portfolios can decrease your overall portfolio volatility.