Sunfun Info (Taiwan) Market Value
| 5278 Stock | TWD 36.95 0.95 2.51% |
| Symbol | Sunfun |
Sunfun Info '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 Sunfun Info'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 Sunfun Info.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Sunfun Info on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Sunfun Info Co or generate 0.0% return on investment in Sunfun Info over 30 days. Sunfun Info is related to or competes with Addcn Technology, PChome Online, Newretail, and Taiwan Taomee. Sunfun Info Co., Ltd. operates online dating services in Taiwan More
Sunfun Info 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 Sunfun Info'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 Sunfun Info Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.68 | |||
| Information Ratio | 0.1745 | |||
| Maximum Drawdown | 4184100.42 | |||
| Value At Risk | (9.91) | |||
| Potential Upside | 9.97 |
Sunfun Info Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunfun Info's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunfun Info's standard deviation. In reality, there are many statistical measures that can use Sunfun Info historical prices to predict the future Sunfun Info's volatility.| Risk Adjusted Performance | 0.1482 | |||
| Jensen Alpha | 115423.4 | |||
| Total Risk Alpha | 96631.19 | |||
| Sortino Ratio | 3877.48 | |||
| Treynor Ratio | (7.94) |
Sunfun Info Backtested Returns
Sunfun Info is out of control given 3 months investment horizon. Sunfun Info owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We are able to interpolate and break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 28.41% are justified by taking the suggested risk. Use Sunfun Info Risk Adjusted Performance of 0.1482, standard deviation of 659593.59, and Downside Deviation of 29.68 to evaluate company specific risk that cannot be diversified away. Sunfun Info holds a performance score of 12 on a scale of zero to a hundred. The entity has a beta of -14498.69, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sunfun Info are expected to decrease by larger amounts. On the other hand, during market turmoil, Sunfun Info is expected to outperform it. Use Sunfun Info coefficient of variation, variance, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to analyze future returns on Sunfun Info.
Auto-correlation | 0.46 |
Average predictability
Sunfun Info Co has average predictability. Overlapping area represents the amount of predictability between Sunfun Info time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Sunfun Info price movement. The serial correlation of 0.46 indicates that about 46.0% of current Sunfun Info price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 13.09 |
Sunfun Info lagged returns against current returns
Autocorrelation, which is Sunfun Info 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 Sunfun Info's stock expected returns. We can calculate the autocorrelation of Sunfun Info returns to help us make a trade decision. For example, suppose you find that Sunfun Info 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 |
Sunfun Info 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 Sunfun Info stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunfun Info stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunfun Info stock over time.
Current vs Lagged Prices |
| Timeline |
Sunfun Info Lagged Returns
When evaluating Sunfun Info's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunfun Info stock have on its future price. Sunfun Info 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, Sunfun Info autocorrelation shows the relationship between Sunfun Info stock current value and its past values and can show if there is a momentum factor associated with investing in Sunfun Info Co.
Regressed Prices |
| Timeline |
Pair Trading with Sunfun Info
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 Sunfun Info 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 Sunfun Info will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sunfun Info could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunfun Info 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 Sunfun Info - 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 Sunfun Info Co to buy it.
The correlation of Sunfun Info 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 Sunfun Info moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunfun Info 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 Sunfun Info 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 Sunfun Stock Analysis
When running Sunfun Info's price analysis, check to measure Sunfun Info'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 Sunfun Info is operating at the current time. Most of Sunfun Info's value examination focuses on studying past and present price action to predict the probability of Sunfun Info's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunfun Info's price. Additionally, you may evaluate how the addition of Sunfun Info to your portfolios can decrease your overall portfolio volatility.