CHC Resources (Taiwan) Market Value
| 9930 Stock | 67.50 0.40 0.60% |
| Symbol | CHC |
CHC Resources '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 CHC Resources' 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 CHC Resources.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in CHC Resources on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding CHC Resources Corp or generate 0.0% return on investment in CHC Resources over 30 days. CHC Resources is related to or competes with China Steel, Taiwan Secom, Nak Sealing, Sinyi Realty, and Yulon Finance. CHC Resources Corporationration manufactures and supplies Portland blast furnace slag cement and slag powder for construction projects in Taiwan. More
CHC Resources 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 CHC Resources' 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 CHC Resources Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9861 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.23 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.43 |
CHC Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHC Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHC Resources' standard deviation. In reality, there are many statistical measures that can use CHC Resources historical prices to predict the future CHC Resources' volatility.| Risk Adjusted Performance | 0.0214 | |||
| Jensen Alpha | 0.0129 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.5639 |
CHC Resources Corp Backtested Returns
At this stage we consider CHC Stock to be very steady. CHC Resources Corp retains Efficiency (Sharpe Ratio) of 0.0353, which signifies that the company had a 0.0353% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for CHC Resources, which you can use to evaluate the volatility of the firm. Please confirm CHC Resources' coefficient of variation of 4176.05, and Market Risk Adjusted Performance of 0.5739 to double-check if the risk estimate we provide is consistent with the expected return of 0.0401%. CHC Resources has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.029, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CHC Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding CHC Resources is expected to be smaller as well. CHC Resources Corp at this moment owns a risk of 1.13%. Please confirm CHC Resources Corp market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if CHC Resources Corp will be following its current price history.
Auto-correlation | -0.3 |
Weak reverse predictability
CHC Resources Corp has weak reverse predictability. Overlapping area represents the amount of predictability between CHC Resources time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 CHC Resources Corp price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current CHC Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
CHC Resources Corp lagged returns against current returns
Autocorrelation, which is CHC Resources 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 CHC Resources' stock expected returns. We can calculate the autocorrelation of CHC Resources returns to help us make a trade decision. For example, suppose you find that CHC Resources 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 |
CHC Resources 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 CHC Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHC Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHC Resources stock over time.
Current vs Lagged Prices |
| Timeline |
CHC Resources Lagged Returns
When evaluating CHC Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHC Resources stock have on its future price. CHC Resources 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, CHC Resources autocorrelation shows the relationship between CHC Resources stock current value and its past values and can show if there is a momentum factor associated with investing in CHC Resources Corp.
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 CHC Stock Analysis
When running CHC Resources' price analysis, check to measure CHC Resources' 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 CHC Resources is operating at the current time. Most of CHC Resources' value examination focuses on studying past and present price action to predict the probability of CHC Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CHC Resources' price. Additionally, you may evaluate how the addition of CHC Resources to your portfolios can decrease your overall portfolio volatility.