Chung Hwa (Taiwan) Market Value
| 1727 Stock | TWD 29.85 0.35 1.16% |
| Symbol | Chung |
Chung Hwa '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 Chung Hwa'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 Chung Hwa.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Chung Hwa on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Chung Hwa Chemical or generate 0.0% return on investment in Chung Hwa over 30 days. Chung Hwa is related to or competes with Oriental Union, Everlight Chemical, Formosan Union, Sesoda Corp, and China Man. Chung Hwa Chemical Industrial Works, Ltd More
Chung Hwa 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 Chung Hwa'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 Chung Hwa Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.0568 | |||
| Maximum Drawdown | 16.99 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 9.9 |
Chung Hwa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chung Hwa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chung Hwa's standard deviation. In reality, there are many statistical measures that can use Chung Hwa historical prices to predict the future Chung Hwa's volatility.| Risk Adjusted Performance | 0.0567 | |||
| Jensen Alpha | 0.2408 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0662 | |||
| Treynor Ratio | (0.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chung Hwa's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chung Hwa Chemical Backtested Returns
Chung Hwa appears to be not too volatile, given 3 months investment horizon. Chung Hwa Chemical secures Sharpe Ratio (or Efficiency) of 0.0761, which signifies that the company had a 0.0761% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Chung Hwa Chemical, which you can use to evaluate the volatility of the firm. Please makes use of Chung Hwa's Risk Adjusted Performance of 0.0567, mean deviation of 1.96, and Downside Deviation of 2.65 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chung Hwa holds a performance score of 5. The firm shows a Beta (market volatility) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chung Hwa are expected to decrease at a much lower rate. During the bear market, Chung Hwa is likely to outperform the market. Please check Chung Hwa's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Chung Hwa's price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Chung Hwa Chemical has insignificant predictability. Overlapping area represents the amount of predictability between Chung Hwa time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th of April 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 Chung Hwa Chemical price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Chung Hwa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Chung Hwa Chemical lagged returns against current returns
Autocorrelation, which is Chung Hwa 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 Chung Hwa's stock expected returns. We can calculate the autocorrelation of Chung Hwa returns to help us make a trade decision. For example, suppose you find that Chung Hwa 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 |
Chung Hwa 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 Chung Hwa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chung Hwa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chung Hwa stock over time.
Current vs Lagged Prices |
| Timeline |
Chung Hwa Lagged Returns
When evaluating Chung Hwa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chung Hwa stock have on its future price. Chung Hwa 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, Chung Hwa autocorrelation shows the relationship between Chung Hwa stock current value and its past values and can show if there is a momentum factor associated with investing in Chung Hwa Chemical.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Chung Hwa Correlation, Chung Hwa Volatility and Chung Hwa Alpha and Beta module to complement your research on Chung Hwa. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Chung Stock analysis
When running Chung Hwa's price analysis, check to measure Chung Hwa'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 Chung Hwa is operating at the current time. Most of Chung Hwa's value examination focuses on studying past and present price action to predict the probability of Chung Hwa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chung Hwa's price. Additionally, you may evaluate how the addition of Chung Hwa to your portfolios can decrease your overall portfolio volatility.
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Chung Hwa technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.