China Metal (Taiwan) Market Value
| 1532 Stock | TWD 47.50 0.15 0.32% |
| Symbol | China |
China Metal '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 China Metal'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 China Metal.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in China Metal on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding China Metal Products or generate 0.0% return on investment in China Metal over 30 days. China Metal is related to or competes with Basso Industry, Chung Hsin, TYC Brother, TECO Electric, and China General. China Metal Products Co., Ltd. designs, manufactures, and retails iron casting products in Taiwan, the United States, Ja... More
China Metal 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 China Metal'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 China Metal Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | 0.1205 | |||
| Maximum Drawdown | 9.77 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 3.48 |
China Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Metal's standard deviation. In reality, there are many statistical measures that can use China Metal historical prices to predict the future China Metal's volatility.| Risk Adjusted Performance | 0.1048 | |||
| Jensen Alpha | 0.2763 | |||
| Total Risk Alpha | 0.1277 | |||
| Sortino Ratio | 0.1244 | |||
| Treynor Ratio | (1.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Metal'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.
China Metal Products Backtested Returns
China Metal appears to be very steady, given 3 months investment horizon. China Metal Products secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Metal Products, which you can use to evaluate the volatility of the firm. Please makes use of China Metal's Mean Deviation of 1.17, downside deviation of 1.75, and Risk Adjusted Performance of 0.1048 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Metal holds a performance score of 15. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Metal are expected to decrease at a much lower rate. During the bear market, China Metal is likely to outperform the market. Please check China Metal's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether China Metal's price patterns will revert.
Auto-correlation | 0.69 |
Good predictability
China Metal Products has good predictability. Overlapping area represents the amount of predictability between China Metal time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 China Metal Products price movement. The serial correlation of 0.69 indicates that around 69.0% of current China Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 3.25 |
China Metal Products lagged returns against current returns
Autocorrelation, which is China Metal 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 China Metal's stock expected returns. We can calculate the autocorrelation of China Metal returns to help us make a trade decision. For example, suppose you find that China Metal 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 |
China Metal 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 China Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Metal stock over time.
Current vs Lagged Prices |
| Timeline |
China Metal Lagged Returns
When evaluating China Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Metal stock have on its future price. China Metal 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, China Metal autocorrelation shows the relationship between China Metal stock current value and its past values and can show if there is a momentum factor associated with investing in China Metal Products.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards China Metal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, China Metal's short interest history, or implied volatility extrapolated from China Metal options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out China Metal Correlation, China Metal Volatility and China Metal Alpha and Beta module to complement your research on China Metal. 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 China Stock analysis
When running China Metal's price analysis, check to measure China Metal'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 China Metal is operating at the current time. Most of China Metal's value examination focuses on studying past and present price action to predict the probability of China Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Metal's price. Additionally, you may evaluate how the addition of China Metal to your portfolios can decrease your overall portfolio volatility.
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| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
China Metal 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.