Chief Telecom (Taiwan) Market Value
| 6561 Stock | 363.00 11.50 3.07% |
| Symbol | Chief |
Chief Telecom '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 Chief Telecom'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 Chief Telecom.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Chief Telecom on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Chief Telecom or generate 0.0% return on investment in Chief Telecom over 30 days. Chief Telecom is related to or competes with Sunny Friend, Aspeed Technology, Standard Foods, Realtek Semiconductor, and China Steel. More
Chief Telecom 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 Chief Telecom'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 Chief Telecom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.073 | |||
| Maximum Drawdown | 6.84 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.21 |
Chief Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chief Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chief Telecom's standard deviation. In reality, there are many statistical measures that can use Chief Telecom historical prices to predict the future Chief Telecom's volatility.| Risk Adjusted Performance | 0.0789 | |||
| Jensen Alpha | 0.1347 | |||
| Total Risk Alpha | 0.0435 | |||
| Sortino Ratio | 0.0652 | |||
| Treynor Ratio | 0.398 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chief Telecom'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.
Chief Telecom Backtested Returns
Chief Telecom appears to be very steady, given 3 months investment horizon. Chief Telecom secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Chief Telecom, which you can use to evaluate the volatility of the firm. Please makes use of Chief Telecom's Downside Deviation of 1.6, mean deviation of 1.12, and Risk Adjusted Performance of 0.0789 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chief Telecom holds a performance score of 12. The firm shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chief Telecom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chief Telecom is expected to be smaller as well. Please check Chief Telecom's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Chief Telecom's price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
Chief Telecom has very good reverse predictability. Overlapping area represents the amount of predictability between Chief Telecom 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 Chief Telecom price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Chief Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 33.41 |
Chief Telecom lagged returns against current returns
Autocorrelation, which is Chief Telecom 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 Chief Telecom's stock expected returns. We can calculate the autocorrelation of Chief Telecom returns to help us make a trade decision. For example, suppose you find that Chief Telecom 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 |
Chief Telecom 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 Chief Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chief Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chief Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
Chief Telecom Lagged Returns
When evaluating Chief Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chief Telecom stock have on its future price. Chief Telecom 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, Chief Telecom autocorrelation shows the relationship between Chief Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Chief Telecom.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Chief Telecom Correlation, Chief Telecom Volatility and Chief Telecom Alpha and Beta module to complement your research on Chief Telecom. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Chief Stock analysis
When running Chief Telecom's price analysis, check to measure Chief Telecom'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 Chief Telecom is operating at the current time. Most of Chief Telecom's value examination focuses on studying past and present price action to predict the probability of Chief Telecom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chief Telecom's price. Additionally, you may evaluate how the addition of Chief Telecom to your portfolios can decrease your overall portfolio volatility.
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Chief Telecom 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.