China Petrochemical (Taiwan) Market Value
| 1314 Stock | TWD 8.15 0.03 0.37% |
| Symbol | China |
China Petrochemical '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 China Petrochemical'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 China Petrochemical.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in China Petrochemical on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding China Petrochemical Development or generate 0.0% return on investment in China Petrochemical over 90 days. China Petrochemical is related to or competes with USI Corp, Grand Pacific, Taiwan Styrene, China Steel, and China Man. China Petrochemical Development Corporation, together with its subsidiaries, produces and sells petrochemical intermedia... More
China Petrochemical 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 China Petrochemical'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 China Petrochemical Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 2.46 |
China Petrochemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Petrochemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Petrochemical's standard deviation. In reality, there are many statistical measures that can use China Petrochemical historical prices to predict the future China Petrochemical's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (2.52) |
China Petrochemical Backtested Returns
China Petrochemical secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. China Petrochemical Development exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Petrochemical's Mean Deviation of 1.28, standard deviation of 1.76, and Risk Adjusted Performance of (0.12) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Petrochemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Petrochemical is expected to be smaller as well. At this point, China Petrochemical has a negative expected return of -0.24%. Please make sure to confirm China Petrochemical's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if China Petrochemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
China Petrochemical Development has modest reverse predictability. Overlapping area represents the amount of predictability between China Petrochemical time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 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 China Petrochemical price movement. The serial correlation of -0.43 indicates that just about 43.0% of current China Petrochemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
China Petrochemical lagged returns against current returns
Autocorrelation, which is China Petrochemical 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 China Petrochemical's stock expected returns. We can calculate the autocorrelation of China Petrochemical returns to help us make a trade decision. For example, suppose you find that China Petrochemical 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 |
China Petrochemical 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 China Petrochemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Petrochemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Petrochemical stock over time.
Current vs Lagged Prices |
| Timeline |
China Petrochemical Lagged Returns
When evaluating China Petrochemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Petrochemical stock have on its future price. China Petrochemical 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, China Petrochemical autocorrelation shows the relationship between China Petrochemical stock current value and its past values and can show if there is a momentum factor associated with investing in China Petrochemical Development.
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 China Stock Analysis
When running China Petrochemical's price analysis, check to measure China Petrochemical'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 China Petrochemical is operating at the current time. Most of China Petrochemical's value examination focuses on studying past and present price action to predict the probability of China Petrochemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Petrochemical's price. Additionally, you may evaluate how the addition of China Petrochemical to your portfolios can decrease your overall portfolio volatility.