Chin Poon (Taiwan) Market Value
| 2355 Stock | TWD 38.30 0.05 0.13% |
| Symbol | Chin |
Chin Poon '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 Chin Poon'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 Chin Poon.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Chin Poon on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Chin Poon Industrial Co or generate 0.0% return on investment in Chin Poon over 720 days. Chin Poon is related to or competes with Taiwan Semiconductor, Yang Ming, AU Optronics, Innolux Corp, Nan Ya, and Chunghwa Telecom. Chin Poon Industrial Co., Ltd. manufactures and sells printed circuit boards and insulation boards in Taiwan and interna... More
Chin Poon 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 Chin Poon'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 Chin Poon Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.94 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.97 |
Chin Poon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chin Poon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chin Poon's standard deviation. In reality, there are many statistical measures that can use Chin Poon historical prices to predict the future Chin Poon's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.34) |
Chin Poon Industrial Backtested Returns
Chin Poon Industrial secures Sharpe Ratio (or Efficiency) of -0.0599, which signifies that the company had a -0.0599% return per unit of risk over the last 3 months. Chin Poon Industrial Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chin Poon's Standard Deviation of 1.52, mean deviation of 1.16, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chin Poon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chin Poon is expected to be smaller as well. At this point, Chin Poon Industrial has a negative expected return of -0.0847%. Please make sure to confirm Chin Poon's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Chin Poon Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Chin Poon Industrial Co has good reverse predictability. Overlapping area represents the amount of predictability between Chin Poon time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Chin Poon Industrial price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Chin Poon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 15.16 |
Chin Poon Industrial lagged returns against current returns
Autocorrelation, which is Chin Poon 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 Chin Poon's stock expected returns. We can calculate the autocorrelation of Chin Poon returns to help us make a trade decision. For example, suppose you find that Chin Poon 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 |
Chin Poon 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 Chin Poon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chin Poon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chin Poon stock over time.
Current vs Lagged Prices |
| Timeline |
Chin Poon Lagged Returns
When evaluating Chin Poon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chin Poon stock have on its future price. Chin Poon 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, Chin Poon autocorrelation shows the relationship between Chin Poon stock current value and its past values and can show if there is a momentum factor associated with investing in Chin Poon Industrial Co.
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 Chin Stock Analysis
When running Chin Poon's price analysis, check to measure Chin Poon'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 Chin Poon is operating at the current time. Most of Chin Poon's value examination focuses on studying past and present price action to predict the probability of Chin Poon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chin Poon's price. Additionally, you may evaluate how the addition of Chin Poon to your portfolios can decrease your overall portfolio volatility.