Chunghwa Telecom Co Stock Market Value

CHT Stock  USD 39.14  0.19  0.48%   
Chunghwa Telecom's market value is the price at which a share of Chunghwa Telecom trades on a public exchange. It measures the collective expectations of Chunghwa Telecom Co investors about its performance. Chunghwa Telecom is selling for under 39.14 as of the 28th of March 2024; that is -0.48 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 38.98.
With this module, you can estimate the performance of a buy and hold strategy of Chunghwa Telecom Co and determine expected loss or profit from investing in Chunghwa Telecom over a given investment horizon. Check out Chunghwa Telecom Correlation, Chunghwa Telecom Volatility and Chunghwa Telecom Alpha and Beta module to complement your research on Chunghwa Telecom.
Symbol

Is Chunghwa Telecom's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chunghwa Telecom. If investors know Chunghwa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chunghwa Telecom listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Chunghwa Telecom is measured differently than its book value, which is the value of Chunghwa that is recorded on the company's balance sheet. Investors also form their own opinion of Chunghwa Telecom's value that differs from its market value or its book value, called intrinsic value, which is Chunghwa Telecom's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chunghwa Telecom's market value can be influenced by many factors that don't directly affect Chunghwa Telecom's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chunghwa Telecom's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chunghwa Telecom is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chunghwa Telecom'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.

Chunghwa 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 Chunghwa 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 Chunghwa Telecom.
0.00
12/29/2023
No Change 0.00  0.0 
In 3 months and 1 day
03/28/2024
0.00
If you would invest  0.00  in Chunghwa Telecom on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Chunghwa Telecom Co or generate 0.0% return on investment in Chunghwa Telecom over 90 days. Chunghwa Telecom is related to or competes with Acme United, Enviri, Eastern, AssetMark Financial, Bank of New York, Quest Resource, and Stepstone. Chunghwa Telecom Co., Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internatio... More

Chunghwa 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 Chunghwa 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 Chunghwa Telecom Co upside and downside potential and time the market with a certain degree of confidence.

Chunghwa Telecom Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Chunghwa Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chunghwa Telecom's standard deviation. In reality, there are many statistical measures that can use Chunghwa Telecom historical prices to predict the future Chunghwa Telecom's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chunghwa 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.
Hype
Prediction
LowEstimatedHigh
38.3639.1439.92
Details
Intrinsic
Valuation
LowRealHigh
38.0038.7839.56
Details
Naive
Forecast
LowNextHigh
38.7339.5040.28
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
37.6938.4339.16
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chunghwa Telecom. Your research has to be compared to or analyzed against Chunghwa Telecom's peers to derive any actionable benefits. When done correctly, Chunghwa Telecom's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Chunghwa Telecom.

Chunghwa Telecom Backtested Returns

We consider Chunghwa Telecom very steady. Chunghwa Telecom secures Sharpe Ratio (or Efficiency) of 0.0075, which signifies that the company had a 0.0075% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Chunghwa Telecom Co, which you can use to evaluate the volatility of the firm. Please confirm Chunghwa Telecom's Risk Adjusted Performance of 0.007, mean deviation of 0.5885, and Downside Deviation of 0.8335 to double-check if the risk estimate we provide is consistent with the expected return of 0.0059%. The firm shows a Beta (market volatility) of 0.64, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chunghwa Telecom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chunghwa Telecom is expected to be smaller as well. Chunghwa Telecom right now shows a risk of 0.78%. Please confirm Chunghwa Telecom value at risk, as well as the relationship between the skewness and day median price , to decide if Chunghwa Telecom will be following its price patterns.

Auto-correlation

    
  0.42  

Average predictability

Chunghwa Telecom Co has average predictability. Overlapping area represents the amount of predictability between Chunghwa Telecom time series from 29th of December 2023 to 12th of February 2024 and 12th of February 2024 to 28th of March 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 Chunghwa Telecom price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Chunghwa Telecom price fluctuation can be explain by its past prices.
Correlation Coefficient0.42
Spearman Rank Test0.01
Residual Average0.0
Price Variance0.08

Chunghwa Telecom lagged returns against current returns

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

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

Chunghwa Telecom Lagged Returns

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

Pair Trading with Chunghwa Telecom

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

Moving against Chunghwa Stock

  0.47ORAN Orange SA ADRPairCorr
  0.42TU Telus Corp Financial Report 2nd of May 2024 PairCorr
The ability to find closely correlated positions to Chunghwa Telecom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chunghwa Telecom 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 Chunghwa Telecom - 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 Chunghwa Telecom Co to buy it.
The correlation of Chunghwa Telecom 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 Chunghwa Telecom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chunghwa Telecom 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 Chunghwa Telecom 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
When determining whether Chunghwa Telecom is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Chunghwa Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Chunghwa Telecom Co Stock. Highlighted below are key reports to facilitate an investment decision about Chunghwa Telecom Co Stock:
Check out Chunghwa Telecom Correlation, Chunghwa Telecom Volatility and Chunghwa Telecom Alpha and Beta module to complement your research on Chunghwa Telecom.
Note that the Chunghwa Telecom information on this page should be used as a complementary analysis to other Chunghwa Telecom's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Chunghwa 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.
A focus of Chunghwa Telecom technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chunghwa Telecom trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...