Shin Shin (Taiwan) Market Value
| 2901 Stock | TWD 27.75 0.25 0.91% |
| Symbol | Shin |
Shin Shin '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 Shin Shin'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 Shin Shin.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Shin Shin on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Shin Shin Co or generate 0.0% return on investment in Shin Shin over 30 days. Shin Shin is related to or competes with Les Enphants, First Hotel, Shui Mu, Hung Sheng, and Chainqui Construction. Shin Shin Co Ltd. operates supermarkets and department stores in Taiwan More
Shin Shin 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 Shin Shin'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 Shin Shin Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.67 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.28 |
Shin Shin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shin Shin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shin Shin's standard deviation. In reality, there are many statistical measures that can use Shin Shin historical prices to predict the future Shin Shin's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.17) |
Shin Shin Backtested Returns
At this stage we consider Shin Stock to be very steady. Shin Shin owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0111, which indicates the firm had a 0.0111% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Shin Shin Co, which you can use to evaluate the volatility of the company. Please validate Shin Shin's Risk Adjusted Performance of (0.01), coefficient of variation of (5,593), and Variance of 1.12 to confirm if the risk estimate we provide is consistent with the expected return of 0.0117%. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shin Shin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shin Shin is expected to be smaller as well. Shin Shin right now has a risk of 1.06%. Please validate Shin Shin standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Shin Shin will be following its existing price patterns.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Shin Shin Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Shin Shin time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Shin Shin price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Shin Shin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Shin Shin lagged returns against current returns
Autocorrelation, which is Shin Shin 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 Shin Shin's stock expected returns. We can calculate the autocorrelation of Shin Shin returns to help us make a trade decision. For example, suppose you find that Shin Shin 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 |
Shin Shin 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 Shin Shin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shin Shin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shin Shin stock over time.
Current vs Lagged Prices |
| Timeline |
Shin Shin Lagged Returns
When evaluating Shin Shin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shin Shin stock have on its future price. Shin Shin 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, Shin Shin autocorrelation shows the relationship between Shin Shin stock current value and its past values and can show if there is a momentum factor associated with investing in Shin Shin 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 Shin Stock Analysis
When running Shin Shin's price analysis, check to measure Shin Shin'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 Shin Shin is operating at the current time. Most of Shin Shin's value examination focuses on studying past and present price action to predict the probability of Shin Shin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Shin's price. Additionally, you may evaluate how the addition of Shin Shin to your portfolios can decrease your overall portfolio volatility.