Century Iron (Taiwan) Market Value
| 9958 Stock | TWD 180.50 0.50 0.28% |
| Symbol | Century |
Century Iron '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 Century Iron'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 Century Iron.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Century Iron on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Century Iron And or generate 0.0% return on investment in Century Iron over 30 days. Century Iron is related to or competes with Swancor Holding, Hsin Kuang, Ta Chen, Chung Hung, and Novatek Microelectronics. ,Ltd. engages in the manufacture and sale of steel structures in Taiwan More
Century Iron 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 Century Iron'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 Century Iron And upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 17.46 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 6.31 |
Century Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Century Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Century Iron's standard deviation. In reality, there are many statistical measures that can use Century Iron historical prices to predict the future Century Iron's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.23) |
Century Iron And Backtested Returns
Century Iron And secures Sharpe Ratio (or Efficiency) of -0.0592, which signifies that the company had a -0.0592% return per unit of risk over the last 3 months. Century Iron And exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Century Iron's Standard Deviation of 3.41, risk adjusted performance of (0.02), and Mean Deviation of 2.41 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Century Iron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Century Iron is expected to be smaller as well. At this point, Century Iron And has a negative expected return of -0.2%. Please make sure to confirm Century Iron's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Century Iron And performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Century Iron And has insignificant predictability. Overlapping area represents the amount of predictability between Century Iron time series from 25th of October 2024 to 9th of November 2024 and 9th of November 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 Century Iron And price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Century Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 8.65 |
Century Iron And lagged returns against current returns
Autocorrelation, which is Century Iron 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 Century Iron's stock expected returns. We can calculate the autocorrelation of Century Iron returns to help us make a trade decision. For example, suppose you find that Century Iron 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 |
Century Iron 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 Century Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Century Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Century Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Century Iron Lagged Returns
When evaluating Century Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Century Iron stock have on its future price. Century Iron 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, Century Iron autocorrelation shows the relationship between Century Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Century Iron And.
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 Century Stock Analysis
When running Century Iron's price analysis, check to measure Century Iron'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 Century Iron is operating at the current time. Most of Century Iron's value examination focuses on studying past and present price action to predict the probability of Century Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Iron's price. Additionally, you may evaluate how the addition of Century Iron to your portfolios can decrease your overall portfolio volatility.