Xin Chio (Taiwan) Market Value
| 3171 Stock | TWD 35.50 0.10 0.28% |
| Symbol | Xin |
Xin Chio '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 Xin Chio'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 Xin Chio.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Xin Chio on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding Xin Chio Global or generate 0.0% return on investment in Xin Chio over 30 days. Xin Chio is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, Novatek Microelectronics, Leader Electronics, Information Technology, and Giant Manufacturing. More
Xin Chio 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 Xin Chio'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 Xin Chio Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 31.36 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 2.32 |
Xin Chio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xin Chio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xin Chio's standard deviation. In reality, there are many statistical measures that can use Xin Chio historical prices to predict the future Xin Chio's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.24) |
Xin Chio Global Backtested Returns
Xin Chio Global shows Sharpe Ratio of -0.1, which attests that the company had a -0.1% return per unit of risk over the last 3 months. Xin Chio Global exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xin Chio's Standard Deviation of 3.36, mean deviation of 1.45, and Market Risk Adjusted Performance of (0.23) to validate the risk estimate we provide. The firm maintains a market beta of 1.45, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Xin Chio will likely underperform. At this point, Xin Chio Global has a negative expected return of -0.34%. Please make sure to check out Xin Chio's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Xin Chio Global performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Xin Chio Global has modest predictability. Overlapping area represents the amount of predictability between Xin Chio time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 Xin Chio Global price movement. The serial correlation of 0.55 indicates that about 55.0% of current Xin Chio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Xin Chio Global lagged returns against current returns
Autocorrelation, which is Xin Chio 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 Xin Chio's stock expected returns. We can calculate the autocorrelation of Xin Chio returns to help us make a trade decision. For example, suppose you find that Xin Chio 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 |
Xin Chio 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 Xin Chio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xin Chio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xin Chio stock over time.
Current vs Lagged Prices |
| Timeline |
Xin Chio Lagged Returns
When evaluating Xin Chio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xin Chio stock have on its future price. Xin Chio 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, Xin Chio autocorrelation shows the relationship between Xin Chio stock current value and its past values and can show if there is a momentum factor associated with investing in Xin Chio Global.
Regressed Prices |
| Timeline |
Pair Trading with Xin Chio
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Xin Chio position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Xin Chio will appreciate offsetting losses from the drop in the long position's value.Moving against Xin Stock
| 0.81 | 3533 | Lotes | PairCorr |
| 0.69 | 6669 | Wiwynn Corp | PairCorr |
| 0.62 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.62 | 2454 | MediaTek | PairCorr |
| 0.59 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Xin Chio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xin Chio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Xin Chio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Xin Chio Global to buy it.
The correlation of Xin Chio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xin Chio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xin Chio Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Xin Chio can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Xin Stock Analysis
When running Xin Chio's price analysis, check to measure Xin Chio'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 Xin Chio is operating at the current time. Most of Xin Chio's value examination focuses on studying past and present price action to predict the probability of Xin Chio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xin Chio's price. Additionally, you may evaluate how the addition of Xin Chio to your portfolios can decrease your overall portfolio volatility.