Cheng Shin (Taiwan) Market Value
| 2105 Stock | TWD 50.60 0.20 0.40% |
| Symbol | Cheng |
Cheng Shin '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 Cheng Shin'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 Cheng Shin.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Cheng Shin on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Cheng Shin Rubber or generate 0.0% return on investment in Cheng Shin over 540 days. Cheng Shin is related to or competes with Uni President, Formosa Chemicals, Asia Cement, Pou Chen, and President Chain. Co., Ltd., together with subsidiaries, processes, manufactures, and trades in bicycle tires, electrical vehicle tires, r... More
Cheng Shin 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 Cheng Shin'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 Cheng Shin Rubber upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 13.45 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.56 |
Cheng Shin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cheng Shin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cheng Shin's standard deviation. In reality, there are many statistical measures that can use Cheng Shin historical prices to predict the future Cheng Shin's volatility.| Risk Adjusted Performance | 0.0166 | |||
| Jensen Alpha | 0.0469 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.08) |
Cheng Shin Rubber Backtested Returns
At this stage we consider Cheng Stock to be very steady. Cheng Shin Rubber secures Sharpe Ratio (or Efficiency) of 0.0164, which signifies that the company had a 0.0164% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Cheng Shin Rubber, which you can use to evaluate the volatility of the firm. Please confirm Cheng Shin's mean deviation of 1.36, and Risk Adjusted Performance of 0.0166 to double-check if the risk estimate we provide is consistent with the expected return of 0.0368%. Cheng Shin has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cheng Shin are expected to decrease at a much lower rate. During the bear market, Cheng Shin is likely to outperform the market. Cheng Shin Rubber right now shows a risk of 2.24%. Please confirm Cheng Shin Rubber semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Cheng Shin Rubber will be following its price patterns.
Auto-correlation | -0.31 |
Poor reverse predictability
Cheng Shin Rubber has poor reverse predictability. Overlapping area represents the amount of predictability between Cheng Shin time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Cheng Shin Rubber price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Cheng Shin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 8.26 |
Cheng Shin Rubber lagged returns against current returns
Autocorrelation, which is Cheng Shin 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 Cheng Shin's stock expected returns. We can calculate the autocorrelation of Cheng Shin returns to help us make a trade decision. For example, suppose you find that Cheng Shin 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 |
Cheng Shin 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 Cheng Shin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cheng Shin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cheng Shin stock over time.
Current vs Lagged Prices |
| Timeline |
Cheng Shin Lagged Returns
When evaluating Cheng Shin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cheng Shin stock have on its future price. Cheng Shin 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, Cheng Shin autocorrelation shows the relationship between Cheng Shin stock current value and its past values and can show if there is a momentum factor associated with investing in Cheng Shin Rubber.
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 Cheng Stock Analysis
When running Cheng Shin's price analysis, check to measure Cheng Shin'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 Cheng Shin is operating at the current time. Most of Cheng Shin's value examination focuses on studying past and present price action to predict the probability of Cheng Shin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheng Shin's price. Additionally, you may evaluate how the addition of Cheng Shin to your portfolios can decrease your overall portfolio volatility.