Digital China (Taiwan) Market Value
| 910861 Stock | TWD 6.63 0.10 1.49% |
| Symbol | Digital |
Digital China '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 Digital China'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 Digital China.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Digital China on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Digital China Holdings or generate 0.0% return on investment in Digital China over 30 days. Digital China is related to or competes with Acer E, Sysage Technology, Syscom Computer, Jetwell Computer, and Ares International. Digital China Holdings Limited, an investment holding company, provides information technology services primarily in Mai... More
Digital China 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 Digital China'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 Digital China Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.46 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 2.78 |
Digital China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Digital China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Digital China's standard deviation. In reality, there are many statistical measures that can use Digital China historical prices to predict the future Digital China's volatility.| Risk Adjusted Performance | 0.0289 | |||
| Jensen Alpha | 0.1106 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.13) |
Digital China Holdings Backtested Returns
At this point, Digital China is slightly risky. Digital China Holdings secures Sharpe Ratio (or Efficiency) of 0.0296, which denotes the company had a 0.0296% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Digital China Holdings, which you can use to evaluate the volatility of the firm. Please confirm Digital China's Mean Deviation of 1.43, coefficient of variation of 3457.9, and Downside Deviation of 2.01 to check if the risk estimate we provide is consistent with the expected return of 0.0717%. Digital China has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.44, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Digital China are expected to decrease at a much lower rate. During the bear market, Digital China is likely to outperform the market. Digital China Holdings right now shows a risk of 2.42%. Please confirm Digital China Holdings mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Digital China Holdings will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Digital China Holdings has no correlation between past and present. Overlapping area represents the amount of predictability between Digital China time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Digital China Holdings price movement. The serial correlation of 0.0 indicates that just 0.0% of current Digital China price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Digital China Holdings lagged returns against current returns
Autocorrelation, which is Digital China 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 Digital China's stock expected returns. We can calculate the autocorrelation of Digital China returns to help us make a trade decision. For example, suppose you find that Digital China 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 |
Digital China 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 Digital China stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Digital China stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Digital China stock over time.
Current vs Lagged Prices |
| Timeline |
Digital China Lagged Returns
When evaluating Digital China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Digital China stock have on its future price. Digital China 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, Digital China autocorrelation shows the relationship between Digital China stock current value and its past values and can show if there is a momentum factor associated with investing in Digital China Holdings.
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.Other Information on Investing in Digital Stock
Digital China financial ratios help investors to determine whether Digital Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Digital with respect to the benefits of owning Digital China security.