Taiwan Chelic (Taiwan) Market Value
| 4555 Stock | TWD 39.00 0.75 1.96% |
| Symbol | Taiwan |
Taiwan Chelic '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 Taiwan Chelic'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 Taiwan Chelic.
| 07/31/2023 |
| 12/22/2024 |
If you would invest 0.00 in Taiwan Chelic on July 31, 2023 and sell it all today you would earn a total of 0.00 from holding Taiwan Chelic Corp or generate 0.0% return on investment in Taiwan Chelic over 510 days. Taiwan Chelic is related to or competes with Airtac International, Hiwin Technologies, TBI Motion, Globaltek Fabrication, and Ta Liang. Ltd. manufactures and sells pneumatic and electric actuator automation components in Taiwan and internationally More
Taiwan Chelic 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 Taiwan Chelic'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 Taiwan Chelic Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.9 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 3.27 |
Taiwan Chelic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Chelic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Chelic's standard deviation. In reality, there are many statistical measures that can use Taiwan Chelic historical prices to predict the future Taiwan Chelic's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.45) |
Taiwan Chelic Corp Backtested Returns
Taiwan Chelic Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0495, which indicates the firm had a -0.0495% return per unit of risk over the last 3 months. Taiwan Chelic Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Chelic's Variance of 5.65, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,978) to confirm the risk estimate we provide. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Chelic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Chelic is expected to be smaller as well. At this point, Taiwan Chelic Corp has a negative expected return of -0.12%. Please make sure to validate Taiwan Chelic's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taiwan Chelic Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.81 |
Excellent reverse predictability
Taiwan Chelic Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between Taiwan Chelic time series from 31st of July 2023 to 11th of April 2024 and 11th of April 2024 to 22nd 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 Taiwan Chelic Corp price movement. The serial correlation of -0.81 indicates that around 81.0% of current Taiwan Chelic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 99.73 |
Taiwan Chelic Corp lagged returns against current returns
Autocorrelation, which is Taiwan Chelic 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 Taiwan Chelic's stock expected returns. We can calculate the autocorrelation of Taiwan Chelic returns to help us make a trade decision. For example, suppose you find that Taiwan Chelic 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 |
Taiwan Chelic 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 Taiwan Chelic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Chelic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Chelic stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Chelic Lagged Returns
When evaluating Taiwan Chelic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Chelic stock have on its future price. Taiwan Chelic 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, Taiwan Chelic autocorrelation shows the relationship between Taiwan Chelic stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Chelic Corp.
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 Taiwan Stock Analysis
When running Taiwan Chelic's price analysis, check to measure Taiwan Chelic'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 Taiwan Chelic is operating at the current time. Most of Taiwan Chelic's value examination focuses on studying past and present price action to predict the probability of Taiwan Chelic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Chelic's price. Additionally, you may evaluate how the addition of Taiwan Chelic to your portfolios can decrease your overall portfolio volatility.