Xin Chio (Taiwan) Market Value
| 3171 Stock | TWD 30.40 0.35 1.14% |
| Symbol | Xin |
Xin Chio '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 Xin Chio'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 Xin Chio.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Xin Chio on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Xin Chio Global or generate 0.0% return on investment in Xin Chio over 30 days. Xin Chio is related to or competes with Casing Macron. More
Xin Chio 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 Xin Chio'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 Xin Chio Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | 0.2007 | |||
| Maximum Drawdown | 18.41 | |||
| Value At Risk | (2.59) | |||
| Potential Upside | 7.48 |
Xin Chio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xin Chio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xin Chio's standard deviation. In reality, there are many statistical measures that can use Xin Chio historical prices to predict the future Xin Chio's volatility.| Risk Adjusted Performance | 0.1518 | |||
| Jensen Alpha | 0.6438 | |||
| Total Risk Alpha | 0.3326 | |||
| Sortino Ratio | 0.2599 | |||
| Treynor Ratio | 5.78 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Xin Chio'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.
Xin Chio Global Backtested Returns
Xin Chio appears to be very steady, given 3 months investment horizon. Xin Chio Global shows Sharpe Ratio of 0.23, which attests that the company had a 0.23% return per unit of risk over the last 3 months. By examining Xin Chio's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please utilize Xin Chio's Market Risk Adjusted Performance of 5.79, downside deviation of 2.24, and Mean Deviation of 1.85 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xin Chio holds a performance score of 18. The firm maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xin Chio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xin Chio is expected to be smaller as well. Please check Xin Chio's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Xin Chio's historical returns will revert.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Xin Chio Global has near perfect reversele predictability. Overlapping area represents the amount of predictability between Xin Chio time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th 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 Xin Chio Global price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Xin Chio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Xin Chio Global lagged returns against current returns
Autocorrelation, which is Xin Chio 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 Xin Chio's stock expected returns. We can calculate the autocorrelation of Xin Chio returns to help us make a trade decision. For example, suppose you find that Xin Chio 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 |
Xin Chio 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 Xin Chio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xin Chio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xin Chio stock over time.
Current vs Lagged Prices |
| Timeline |
Xin Chio Lagged Returns
When evaluating Xin Chio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xin Chio stock have on its future price. Xin Chio 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, Xin Chio autocorrelation shows the relationship between Xin Chio stock current value and its past values and can show if there is a momentum factor associated with investing in Xin Chio Global.
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 Xin Chio 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, Xin Chio's short interest history, or implied volatility extrapolated from Xin Chio options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Xin Chio Correlation, Xin Chio Volatility and Xin Chio Alpha and Beta module to complement your research on Xin Chio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running Xin Chio's price analysis, check to measure Xin Chio'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 Xin Chio is operating at the current time. Most of Xin Chio's value examination focuses on studying past and present price action to predict the probability of Xin Chio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xin Chio's price. Additionally, you may evaluate how the addition of Xin Chio to your portfolios can decrease your overall portfolio volatility.
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Xin Chio 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.