Siward Crystal (Taiwan) Market Value
| 2484 Stock | TWD 27.15 0.15 0.56% |
| Symbol | Siward |
Siward Crystal '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 Siward Crystal'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 Siward Crystal.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Siward Crystal on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Siward Crystal Technology or generate 0.0% return on investment in Siward Crystal over 720 days. Siward Crystal is related to or competes with Taiwan Semiconductor, Yang Ming, ASE Industrial, AU Optronics, Innolux Corp, Nan Ya, and Chunghwa Telecom. Siward Crystal Technology Co., Ltd. manufactures and sells crystal and oscillator solutions worldwide More
Siward Crystal 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 Siward Crystal'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 Siward Crystal Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.6 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.89 |
Siward Crystal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Siward Crystal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Siward Crystal's standard deviation. In reality, there are many statistical measures that can use Siward Crystal historical prices to predict the future Siward Crystal's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (1.30) |
Siward Crystal Technology Backtested Returns
Siward Crystal Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0746, which indicates the firm had a -0.0746% return per unit of risk over the last 3 months. Siward Crystal Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Siward Crystal's Risk Adjusted Performance of (0.06), coefficient of variation of (1,263), and Variance of 1.53 to confirm the risk estimate we provide. The entity has a beta of 0.0829, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Siward Crystal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Siward Crystal is expected to be smaller as well. At this point, Siward Crystal Technology has a negative expected return of -0.0941%. Please make sure to validate Siward Crystal's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Siward Crystal Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Siward Crystal Technology has good predictability. Overlapping area represents the amount of predictability between Siward Crystal time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Siward Crystal Technology price movement. The serial correlation of 0.79 indicates that around 79.0% of current Siward Crystal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 5.41 |
Siward Crystal Technology lagged returns against current returns
Autocorrelation, which is Siward Crystal 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 Siward Crystal's stock expected returns. We can calculate the autocorrelation of Siward Crystal returns to help us make a trade decision. For example, suppose you find that Siward Crystal 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 |
Siward Crystal 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 Siward Crystal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Siward Crystal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Siward Crystal stock over time.
Current vs Lagged Prices |
| Timeline |
Siward Crystal Lagged Returns
When evaluating Siward Crystal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Siward Crystal stock have on its future price. Siward Crystal 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, Siward Crystal autocorrelation shows the relationship between Siward Crystal stock current value and its past values and can show if there is a momentum factor associated with investing in Siward Crystal Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Siward Stock Analysis
When running Siward Crystal's price analysis, check to measure Siward Crystal'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 Siward Crystal is operating at the current time. Most of Siward Crystal's value examination focuses on studying past and present price action to predict the probability of Siward Crystal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Siward Crystal's price. Additionally, you may evaluate how the addition of Siward Crystal to your portfolios can decrease your overall portfolio volatility.