China Man (Taiwan) Market Value
| 1718 Stock | TWD 8.23 0.05 0.61% |
| Symbol | China |
China Man '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 Man'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 Man.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in China Man on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding China Man Made Fiber or generate 0.0% return on investment in China Man over 30 days. China Man is related to or competes with Oriental Union, China Petrochemical, Taiwan Styrene, Grand Pacific, and Everlight Chemical. China ManMade Fiber Corporationration manufactures and sells manmade fibers primarily in Taiwan. More
China Man 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 Man'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 Man Made Fiber upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 11.81 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 3.0 |
China Man Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Man's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Man's standard deviation. In reality, there are many statistical measures that can use China Man historical prices to predict the future China Man's volatility.| Risk Adjusted Performance | 0.016 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0586 |
China Man Made Backtested Returns
At this stage we consider China Stock to be not too volatile. China Man Made secures Sharpe Ratio (or Efficiency) of 0.0698, which signifies that the company had a 0.0698% return per unit of risk over the last 3 months. We have found thirty technical indicators for China Man Made Fiber, which you can use to evaluate the volatility of the firm. Please confirm China Man's Risk Adjusted Performance of 0.016, downside deviation of 1.3, and Mean Deviation of 0.8555 to double-check if the risk estimate we provide is consistent with the expected return of 0.0992%. China Man has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Man's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Man is expected to be smaller as well. China Man Made right now shows a risk of 1.42%. Please confirm China Man Made downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if China Man Made will be following its price patterns.
Auto-correlation | 0.34 |
Below average predictability
China Man Made Fiber has below average predictability. Overlapping area represents the amount of predictability between China Man time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Man Made price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current China Man price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
China Man Made lagged returns against current returns
Autocorrelation, which is China Man 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 Man's stock expected returns. We can calculate the autocorrelation of China Man returns to help us make a trade decision. For example, suppose you find that China Man 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 Man 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 Man stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Man stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Man stock over time.
Current vs Lagged Prices |
| Timeline |
China Man Lagged Returns
When evaluating China Man's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Man stock have on its future price. China Man 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 Man autocorrelation shows the relationship between China Man stock current value and its past values and can show if there is a momentum factor associated with investing in China Man Made Fiber.
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 Man's price analysis, check to measure China Man'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 Man is operating at the current time. Most of China Man's value examination focuses on studying past and present price action to predict the probability of China Man'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 Man's price. Additionally, you may evaluate how the addition of China Man to your portfolios can decrease your overall portfolio volatility.