Chunghwa Telecom (Germany) Market Value
| CHWD Stock | EUR 36.00 0.40 1.12% |
| Symbol | Chunghwa |
Chunghwa Telecom '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 Chunghwa Telecom'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 Chunghwa Telecom.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Chunghwa Telecom on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Chunghwa Telecom Co or generate 0.0% return on investment in Chunghwa Telecom over 30 days. Chunghwa Telecom is related to or competes with T Mobile, ATT, and Deutsche Telekom. Chunghwa Telecom Co., Ltd. provides telecommunication services in Taiwan More
Chunghwa Telecom 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 Chunghwa Telecom'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 Chunghwa Telecom Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.89 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.17 |
Chunghwa Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chunghwa Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chunghwa Telecom's standard deviation. In reality, there are many statistical measures that can use Chunghwa Telecom historical prices to predict the future Chunghwa Telecom's volatility.| Risk Adjusted Performance | 0.0638 | |||
| Jensen Alpha | 0.074 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (9.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chunghwa Telecom's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chunghwa Telecom Backtested Returns
At this point, Chunghwa Telecom is very steady. Chunghwa Telecom secures Sharpe Ratio (or Efficiency) of 0.0648, which signifies that the company had a 0.0648% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Chunghwa Telecom Co, which you can use to evaluate the volatility of the firm. Please confirm Chunghwa Telecom's Risk Adjusted Performance of 0.0638, downside deviation of 1.42, and Mean Deviation of 0.7148 to double-check if the risk estimate we provide is consistent with the expected return of 0.0673%. Chunghwa Telecom has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0076, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chunghwa Telecom are expected to decrease at a much lower rate. During the bear market, Chunghwa Telecom is likely to outperform the market. Chunghwa Telecom right now shows a risk of 1.04%. Please confirm Chunghwa Telecom total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Chunghwa Telecom will be following its price patterns.
Auto-correlation | 0.39 |
Below average predictability
Chunghwa Telecom Co has below average predictability. Overlapping area represents the amount of predictability between Chunghwa Telecom 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 Chunghwa Telecom price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Chunghwa Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Chunghwa Telecom lagged returns against current returns
Autocorrelation, which is Chunghwa Telecom 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 Chunghwa Telecom's stock expected returns. We can calculate the autocorrelation of Chunghwa Telecom returns to help us make a trade decision. For example, suppose you find that Chunghwa Telecom 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 |
Chunghwa Telecom 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 Chunghwa Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chunghwa Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chunghwa Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
Chunghwa Telecom Lagged Returns
When evaluating Chunghwa Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chunghwa Telecom stock have on its future price. Chunghwa Telecom 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, Chunghwa Telecom autocorrelation shows the relationship between Chunghwa Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Chunghwa Telecom Co.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in Chunghwa Stock
When determining whether Chunghwa Telecom is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Chunghwa Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Chunghwa Telecom Co Stock. Highlighted below are key reports to facilitate an investment decision about Chunghwa Telecom Co Stock:Check out Chunghwa Telecom Correlation, Chunghwa Telecom Volatility and Chunghwa Telecom Alpha and Beta module to complement your research on Chunghwa Telecom. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Chunghwa Telecom technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.