Scientech Corp (Taiwan) Market Value
| 3583 Stock | TWD 426.00 11.00 2.52% |
| Symbol | Scientech |
Scientech Corp '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 Scientech Corp'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 Scientech Corp.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Scientech Corp on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Scientech Corp or generate 0.0% return on investment in Scientech Corp over 720 days. Scientech Corp is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. Scientech Corporation supplies products and services for the semiconductor, flat panel display, LED, data storage, scien... More
Scientech Corp 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 Scientech Corp'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 Scientech Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0326 | |||
| Maximum Drawdown | 14.89 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 4.34 |
Scientech Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scientech Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scientech Corp's standard deviation. In reality, there are many statistical measures that can use Scientech Corp historical prices to predict the future Scientech Corp's volatility.| Risk Adjusted Performance | 0.0646 | |||
| Jensen Alpha | 0.192 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.042 | |||
| Treynor Ratio | 2.47 |
Scientech Corp Backtested Returns
At this stage we consider Scientech Stock to be very steady. Scientech Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0544, which indicates the firm had a 0.0544% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Scientech Corp, which you can use to evaluate the volatility of the company. Please validate Scientech Corp's Coefficient Of Variation of 1261.19, semi deviation of 1.78, and Risk Adjusted Performance of 0.0646 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. Scientech Corp has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.0815, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Scientech Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scientech Corp is expected to be smaller as well. Scientech Corp right now has a risk of 2.69%. Please validate Scientech Corp downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Scientech Corp will be following its existing price patterns.
Auto-correlation | 0.85 |
Very good predictability
Scientech Corp has very good predictability. Overlapping area represents the amount of predictability between Scientech Corp time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Scientech Corp price movement. The serial correlation of 0.85 indicates that around 85.0% of current Scientech Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 7195.49 |
Scientech Corp lagged returns against current returns
Autocorrelation, which is Scientech Corp 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 Scientech Corp's stock expected returns. We can calculate the autocorrelation of Scientech Corp returns to help us make a trade decision. For example, suppose you find that Scientech Corp 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 |
Scientech Corp 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 Scientech Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scientech Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scientech Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Scientech Corp Lagged Returns
When evaluating Scientech Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scientech Corp stock have on its future price. Scientech Corp 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, Scientech Corp autocorrelation shows the relationship between Scientech Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Scientech Corp.
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 Scientech Stock Analysis
When running Scientech Corp's price analysis, check to measure Scientech Corp'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 Scientech Corp is operating at the current time. Most of Scientech Corp's value examination focuses on studying past and present price action to predict the probability of Scientech Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scientech Corp's price. Additionally, you may evaluate how the addition of Scientech Corp to your portfolios can decrease your overall portfolio volatility.