STL Technology (Taiwan) Market Value
| 4931 Stock | 60.50 4.70 8.42% |
| Symbol | STL |
STL Technology '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 STL Technology'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 STL Technology.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in STL Technology on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding STL Technology Co or generate 0.0% return on investment in STL Technology over 30 days. STL Technology is related to or competes with Simplo Technology, Dynapack International, Celxpert Energy, C Tech, and Advanced Lithium. More
STL Technology 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 STL Technology'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 STL Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.217 | |||
| Maximum Drawdown | 12.89 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 8.42 |
STL Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for STL Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as STL Technology's standard deviation. In reality, there are many statistical measures that can use STL Technology historical prices to predict the future STL Technology's volatility.| Risk Adjusted Performance | 0.2023 | |||
| Jensen Alpha | 0.8356 | |||
| Total Risk Alpha | 0.3123 | |||
| Sortino Ratio | 0.2819 | |||
| Treynor Ratio | 1.28 |
STL Technology Backtested Returns
STL Technology appears to be very steady, given 3 months investment horizon. STL Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the firm had a 0.24% return per unit of volatility over the last 3 months. By evaluating STL Technology's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please review STL Technology's risk adjusted performance of 0.2023, and Coefficient Of Variation of 393.21 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, STL Technology holds a performance score of 19. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, STL Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding STL Technology is expected to be smaller as well. Please check STL Technology's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether STL Technology's existing price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
STL Technology Co has very good predictability. Overlapping area represents the amount of predictability between STL Technology 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 STL Technology price movement. The serial correlation of 0.8 indicates that around 80.0% of current STL Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 18.93 |
STL Technology lagged returns against current returns
Autocorrelation, which is STL Technology 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 STL Technology's stock expected returns. We can calculate the autocorrelation of STL Technology returns to help us make a trade decision. For example, suppose you find that STL Technology 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 |
STL Technology 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 STL Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if STL Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in STL Technology stock over time.
Current vs Lagged Prices |
| Timeline |
STL Technology Lagged Returns
When evaluating STL Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of STL Technology stock have on its future price. STL Technology 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, STL Technology autocorrelation shows the relationship between STL Technology stock current value and its past values and can show if there is a momentum factor associated with investing in STL Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with STL Technology
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 STL Technology 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 STL Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with STL Stock
Moving against STL Stock
| 0.88 | 4157 | Taigen Biopharmaceutica | PairCorr |
| 0.8 | 6461 | Intech Biopharm | PairCorr |
| 0.74 | 4192 | SynCore Biotechnology | PairCorr |
| 0.71 | 1605 | Walsin Lihwa Corp | PairCorr |
| 0.69 | 1435 | Chung Fu Tex | PairCorr |
The ability to find closely correlated positions to STL Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STL Technology 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 STL Technology - 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 STL Technology Co to buy it.
The correlation of STL Technology 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 STL Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STL Technology 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 STL Technology 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.Additional Tools for STL Stock Analysis
When running STL Technology's price analysis, check to measure STL Technology'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 STL Technology is operating at the current time. Most of STL Technology's value examination focuses on studying past and present price action to predict the probability of STL Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STL Technology's price. Additionally, you may evaluate how the addition of STL Technology to your portfolios can decrease your overall portfolio volatility.