Cipherlab (Taiwan) Market Value

6160 Stock  TWD 23.60  0.30  1.29%   
Cipherlab's market value is the price at which a share of Cipherlab trades on a public exchange. It measures the collective expectations of Cipherlab Co investors about its performance. Cipherlab is selling for under 23.60 as of the 24th of December 2024; that is 1.29 percent increase since the beginning of the trading day. The stock's lowest day price was 23.45.
With this module, you can estimate the performance of a buy and hold strategy of Cipherlab Co and determine expected loss or profit from investing in Cipherlab over a given investment horizon. Check out Cipherlab Correlation, Cipherlab Volatility and Cipherlab Alpha and Beta module to complement your research on Cipherlab.
Symbol

Please note, there is a significant difference between Cipherlab's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cipherlab is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cipherlab's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Cipherlab '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 Cipherlab'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 Cipherlab.
0.00
11/24/2024
No Change 0.00  0.0 
In 30 days
12/24/2024
0.00
If you would invest  0.00  in Cipherlab on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Cipherlab Co or generate 0.0% return on investment in Cipherlab over 30 days. Cipherlab is related to or competes with Castles Technology, Gold Rain, I Jang, Accton Technology, Wah Hong, and Foxconn Technology. More

Cipherlab 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 Cipherlab'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 Cipherlab Co upside and downside potential and time the market with a certain degree of confidence.

Cipherlab Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cipherlab's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cipherlab's standard deviation. In reality, there are many statistical measures that can use Cipherlab historical prices to predict the future Cipherlab's volatility.
Hype
Prediction
LowEstimatedHigh
21.8823.6025.32
Details
Intrinsic
Valuation
LowRealHigh
21.5123.2324.95
Details

Cipherlab Backtested Returns

Cipherlab secures Sharpe Ratio (or Efficiency) of -0.0969, which signifies that the company had a -0.0969% return per unit of risk over the last 3 months. Cipherlab Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cipherlab's Risk Adjusted Performance of (0.06), standard deviation of 1.7, and Mean Deviation of 1.33 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cipherlab's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cipherlab is expected to be smaller as well. At this point, Cipherlab has a negative expected return of -0.17%. Please make sure to confirm Cipherlab's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Cipherlab performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.05  

Very weak reverse predictability

Cipherlab Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Cipherlab time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Cipherlab price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Cipherlab price fluctuation can be explain by its past prices.
Correlation Coefficient-0.05
Spearman Rank Test-0.44
Residual Average0.0
Price Variance0.09

Cipherlab lagged returns against current returns

Autocorrelation, which is Cipherlab 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 Cipherlab's stock expected returns. We can calculate the autocorrelation of Cipherlab returns to help us make a trade decision. For example, suppose you find that Cipherlab 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  

Cipherlab 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 Cipherlab stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cipherlab stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cipherlab stock over time.
   Current vs Lagged Prices   
       Timeline  

Cipherlab Lagged Returns

When evaluating Cipherlab's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cipherlab stock have on its future price. Cipherlab 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, Cipherlab autocorrelation shows the relationship between Cipherlab stock current value and its past values and can show if there is a momentum factor associated with investing in Cipherlab Co.
   Regressed Prices   
       Timeline  

Pair Trading with Cipherlab

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 Cipherlab 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 Cipherlab will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cipherlab Stock

  0.635258 Castles Technology SplitPairCorr

Moving against Cipherlab Stock

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  0.746669 Wiwynn CorpPairCorr
  0.662883 China DevelopmentPairCorr
  0.626811 Acer E EnablingPairCorr
The ability to find closely correlated positions to Cipherlab could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cipherlab 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 Cipherlab - 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 Cipherlab Co to buy it.
The correlation of Cipherlab 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 Cipherlab moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cipherlab 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 Cipherlab 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.
Pair CorrelationCorrelation Matching

Additional Tools for Cipherlab Stock Analysis

When running Cipherlab's price analysis, check to measure Cipherlab'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 Cipherlab is operating at the current time. Most of Cipherlab's value examination focuses on studying past and present price action to predict the probability of Cipherlab's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cipherlab's price. Additionally, you may evaluate how the addition of Cipherlab to your portfolios can decrease your overall portfolio volatility.