Softstar Entertainment (Taiwan) Market Value
| 6111 Stock | TWD 59.10 1.30 2.25% |
| Symbol | Softstar |
Softstar Entertainment '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 Softstar Entertainment'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 Softstar Entertainment.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Softstar Entertainment on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Softstar Entertainment or generate 0.0% return on investment in Softstar Entertainment over 90 days. Softstar Entertainment is related to or competes with Soft World, International Games, Chinese Gamer, and Userjoy Technology. Softstar Entertainment Inc., together with its subsidiaries, develops, licenses, and sells online games in Taiwan, Mainl... More
Softstar Entertainment 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 Softstar Entertainment'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 Softstar Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.25 |
Softstar Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Softstar Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Softstar Entertainment's standard deviation. In reality, there are many statistical measures that can use Softstar Entertainment historical prices to predict the future Softstar Entertainment's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.9128 |
Softstar Entertainment Backtested Returns
Softstar Entertainment owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0285, which indicates the firm had a -0.0285% return per unit of risk over the last 3 months. Softstar Entertainment exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Softstar Entertainment's Coefficient Of Variation of (1,630), risk adjusted performance of (0.04), and Variance of 2.58 to confirm the risk estimate we provide. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Softstar Entertainment are expected to decrease at a much lower rate. During the bear market, Softstar Entertainment is likely to outperform the market. At this point, Softstar Entertainment has a negative expected return of -0.0455%. Please make sure to validate Softstar Entertainment's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Softstar Entertainment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Softstar Entertainment has average predictability. Overlapping area represents the amount of predictability between Softstar Entertainment time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 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 Softstar Entertainment price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Softstar Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 4.06 |
Softstar Entertainment lagged returns against current returns
Autocorrelation, which is Softstar Entertainment 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 Softstar Entertainment's stock expected returns. We can calculate the autocorrelation of Softstar Entertainment returns to help us make a trade decision. For example, suppose you find that Softstar Entertainment 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 |
Softstar Entertainment 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 Softstar Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Softstar Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Softstar Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Softstar Entertainment Lagged Returns
When evaluating Softstar Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Softstar Entertainment stock have on its future price. Softstar Entertainment 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, Softstar Entertainment autocorrelation shows the relationship between Softstar Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Softstar Entertainment.
Regressed Prices |
| Timeline |
Pair Trading with Softstar Entertainment
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 Softstar Entertainment 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 Softstar Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against Softstar Stock
The ability to find closely correlated positions to Softstar Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Softstar Entertainment 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 Softstar Entertainment - 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 Softstar Entertainment to buy it.
The correlation of Softstar Entertainment 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 Softstar Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Softstar Entertainment 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 Softstar Entertainment 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 Softstar Stock Analysis
When running Softstar Entertainment's price analysis, check to measure Softstar Entertainment'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 Softstar Entertainment is operating at the current time. Most of Softstar Entertainment's value examination focuses on studying past and present price action to predict the probability of Softstar Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Softstar Entertainment's price. Additionally, you may evaluate how the addition of Softstar Entertainment to your portfolios can decrease your overall portfolio volatility.