Sinher Technology (Taiwan) Market Value
| 4999 Stock | TWD 33.00 0.15 0.45% |
| Symbol | Sinher |
Sinher 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 Sinher 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 Sinher Technology.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Sinher Technology on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Sinher Technology or generate 0.0% return on investment in Sinher Technology over 240 days. Sinher Technology is related to or competes with Hsing Ta, Capital Futures, First Insurance, Yem Chio, and Kung Sing. Sinher Technology Inc. engages in the research and development, manufacture, and sale of various hinge products in Taiwa... More
Sinher 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 Sinher 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 Sinher Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.02 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.23 |
Sinher Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinher Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinher Technology's standard deviation. In reality, there are many statistical measures that can use Sinher Technology historical prices to predict the future Sinher Technology's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.31) |
Sinher Technology Backtested Returns
Sinher Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.023, which indicates the firm had a -0.023% return per unit of risk over the last 3 months. Sinher Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sinher Technology's Variance of 1.45, risk adjusted performance of (0.02), and Coefficient Of Variation of (3,842) to confirm the risk estimate we provide. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sinher Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sinher Technology is expected to be smaller as well. At this point, Sinher Technology has a negative expected return of -0.0283%. Please make sure to validate Sinher Technology's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Sinher Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Sinher Technology has good predictability. Overlapping area represents the amount of predictability between Sinher Technology time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 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 Sinher Technology price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Sinher Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
Sinher Technology lagged returns against current returns
Autocorrelation, which is Sinher 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 Sinher Technology's stock expected returns. We can calculate the autocorrelation of Sinher Technology returns to help us make a trade decision. For example, suppose you find that Sinher 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 |
Sinher 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 Sinher Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinher Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinher Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Sinher Technology Lagged Returns
When evaluating Sinher Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinher Technology stock have on its future price. Sinher 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, Sinher Technology autocorrelation shows the relationship between Sinher Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Sinher Technology.
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 Sinher Stock Analysis
When running Sinher Technology's price analysis, check to measure Sinher 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 Sinher Technology is operating at the current time. Most of Sinher Technology's value examination focuses on studying past and present price action to predict the probability of Sinher 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 Sinher Technology's price. Additionally, you may evaluate how the addition of Sinher Technology to your portfolios can decrease your overall portfolio volatility.