Shinkong Insurance (Taiwan) Market Value
| 2850 Stock | TWD 100.00 0.80 0.81% |
| Symbol | Shinkong |
Shinkong Insurance '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 Shinkong Insurance'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 Shinkong Insurance.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Shinkong Insurance on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Shinkong Insurance Co or generate 0.0% return on investment in Shinkong Insurance over 720 days. Shinkong Insurance is related to or competes with Central Reinsurance, Huaku Development, Fubon Financial, Chailease Holding, and CTBC Financial. Shinkong Insurance Co., Ltd. engages in the insurance business in Taiwan More
Shinkong Insurance 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 Shinkong Insurance'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 Shinkong Insurance Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.33 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.82 |
Shinkong Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinkong Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shinkong Insurance's standard deviation. In reality, there are many statistical measures that can use Shinkong Insurance historical prices to predict the future Shinkong Insurance's volatility.| Risk Adjusted Performance | 0.0759 | |||
| Jensen Alpha | 0.1034 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (9.81) |
Shinkong Insurance Backtested Returns
At this stage we consider Shinkong Stock to be very steady. Shinkong Insurance owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0739, which indicates the firm had a 0.0739% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shinkong Insurance Co, which you can use to evaluate the volatility of the company. Please validate Shinkong Insurance's Risk Adjusted Performance of 0.0759, coefficient of variation of 1056.53, and Semi Deviation of 1.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.0885%. Shinkong Insurance has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.0104, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shinkong Insurance are expected to decrease at a much lower rate. During the bear market, Shinkong Insurance is likely to outperform the market. Shinkong Insurance right now has a risk of 1.2%. Please validate Shinkong Insurance downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Shinkong Insurance will be following its existing price patterns.
Auto-correlation | 0.63 |
Good predictability
Shinkong Insurance Co has good predictability. Overlapping area represents the amount of predictability between Shinkong Insurance 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 Shinkong Insurance price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Shinkong Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 134.25 |
Shinkong Insurance lagged returns against current returns
Autocorrelation, which is Shinkong Insurance 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 Shinkong Insurance's stock expected returns. We can calculate the autocorrelation of Shinkong Insurance returns to help us make a trade decision. For example, suppose you find that Shinkong Insurance 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 |
Shinkong Insurance 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 Shinkong Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shinkong Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shinkong Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Shinkong Insurance Lagged Returns
When evaluating Shinkong Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shinkong Insurance stock have on its future price. Shinkong Insurance 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, Shinkong Insurance autocorrelation shows the relationship between Shinkong Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Shinkong Insurance Co.
Regressed Prices |
| Timeline |
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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 Shinkong Stock Analysis
When running Shinkong Insurance's price analysis, check to measure Shinkong Insurance'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 Shinkong Insurance is operating at the current time. Most of Shinkong Insurance's value examination focuses on studying past and present price action to predict the probability of Shinkong Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinkong Insurance's price. Additionally, you may evaluate how the addition of Shinkong Insurance to your portfolios can decrease your overall portfolio volatility.