Celxpert Energy (Taiwan) Market Value
| 3323 Stock | TWD 36.00 0.95 2.57% |
| Symbol | Celxpert |
Celxpert Energy '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 Celxpert Energy'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 Celxpert Energy.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Celxpert Energy on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Celxpert Energy or generate 0.0% return on investment in Celxpert Energy over 30 days. Celxpert Energy is related to or competes with San Fu, Data International, Mechema Chemicals, Evergreen International, Qualipoly Chemical, Namchow Chemical, and Pan Asia. Celxpert Energy Corporation develops and sells battery packs in Taiwan More
Celxpert Energy 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 Celxpert Energy'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 Celxpert Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.49 | |||
| Information Ratio | 0.132 | |||
| Maximum Drawdown | 19.13 | |||
| Value At Risk | (5.99) | |||
| Potential Upside | 9.92 |
Celxpert Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Celxpert Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Celxpert Energy's standard deviation. In reality, there are many statistical measures that can use Celxpert Energy historical prices to predict the future Celxpert Energy's volatility.| Risk Adjusted Performance | 0.1244 | |||
| Jensen Alpha | 0.6139 | |||
| Total Risk Alpha | (0.0002) | |||
| Sortino Ratio | 0.164 | |||
| Treynor Ratio | 1.07 |
Celxpert Energy Backtested Returns
Celxpert Energy appears to be not too volatile, given 3 months investment horizon. Celxpert Energy secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. By analyzing Celxpert Energy's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of Celxpert Energy's Downside Deviation of 3.49, risk adjusted performance of 0.1244, and Mean Deviation of 3.01 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Celxpert Energy holds a performance score of 13. The firm shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Celxpert Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Celxpert Energy is expected to be smaller as well. Please check Celxpert Energy's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Celxpert Energy's price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Celxpert Energy has modest reverse predictability. Overlapping area represents the amount of predictability between Celxpert Energy time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Celxpert Energy price movement. The serial correlation of -0.46 indicates that about 46.0% of current Celxpert Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 10.53 |
Celxpert Energy lagged returns against current returns
Autocorrelation, which is Celxpert Energy 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 Celxpert Energy's stock expected returns. We can calculate the autocorrelation of Celxpert Energy returns to help us make a trade decision. For example, suppose you find that Celxpert Energy 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 |
Celxpert Energy 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 Celxpert Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Celxpert Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Celxpert Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Celxpert Energy Lagged Returns
When evaluating Celxpert Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Celxpert Energy stock have on its future price. Celxpert Energy 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, Celxpert Energy autocorrelation shows the relationship between Celxpert Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Celxpert Energy.
Regressed Prices |
| Timeline |
Pair Trading with Celxpert Energy
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 Celxpert Energy 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 Celxpert Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Celxpert Stock
| 0.85 | 4938 | Pegatron Corp | PairCorr |
| 0.74 | 2327 | Yageo Corp | PairCorr |
| 0.73 | 6291 | Analog Integrations | PairCorr |
| 0.7 | 2409 | AU Optronics | PairCorr |
| 0.7 | 6409 | Voltronic Power Tech | PairCorr |
The ability to find closely correlated positions to Celxpert Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Celxpert Energy 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 Celxpert Energy - 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 Celxpert Energy to buy it.
The correlation of Celxpert Energy 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 Celxpert Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Celxpert Energy 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 Celxpert Energy 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 Celxpert Stock Analysis
When running Celxpert Energy's price analysis, check to measure Celxpert Energy'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 Celxpert Energy is operating at the current time. Most of Celxpert Energy's value examination focuses on studying past and present price action to predict the probability of Celxpert Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Celxpert Energy's price. Additionally, you may evaluate how the addition of Celxpert Energy to your portfolios can decrease your overall portfolio volatility.