Symtek Automation (Taiwan) Market Value
| 6438 Stock | TWD 212.00 5.50 2.53% |
| Symbol | Symtek |
Symtek Automation '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 Symtek Automation'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 Symtek Automation.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Symtek Automation on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Symtek Automation Asia or generate 0.0% return on investment in Symtek Automation over 30 days. Symtek Automation is related to or competes with Foxsemicon Integrated, United Integrated, Ennostar, All Ring, and Sitronix Technology. Symtek Automation Asia Co., Ltd. designs and manufactures automation system solutions More
Symtek Automation 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 Symtek Automation'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 Symtek Automation Asia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.1951 | |||
| Maximum Drawdown | 17.42 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 9.79 |
Symtek Automation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Symtek Automation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Symtek Automation's standard deviation. In reality, there are many statistical measures that can use Symtek Automation historical prices to predict the future Symtek Automation's volatility.| Risk Adjusted Performance | 0.1859 | |||
| Jensen Alpha | 0.822 | |||
| Total Risk Alpha | 0.2303 | |||
| Sortino Ratio | 0.258 | |||
| Treynor Ratio | 6.28 |
Symtek Automation Asia Backtested Returns
Symtek Automation appears to be very steady, given 3 months investment horizon. Symtek Automation Asia owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the firm had a 0.25% return per unit of risk over the last 3 months. By inspecting Symtek Automation's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please review Symtek Automation's Risk Adjusted Performance of 0.1859, semi deviation of 1.93, and Coefficient Of Variation of 429.49 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Symtek Automation holds a performance score of 19. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Symtek Automation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Symtek Automation is expected to be smaller as well. Please check Symtek Automation's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Symtek Automation's existing price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Symtek Automation Asia has very weak predictability. Overlapping area represents the amount of predictability between Symtek Automation time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Symtek Automation Asia price movement. The serial correlation of 0.16 indicates that over 16.0% of current Symtek Automation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 78.16 |
Symtek Automation Asia lagged returns against current returns
Autocorrelation, which is Symtek Automation 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 Symtek Automation's stock expected returns. We can calculate the autocorrelation of Symtek Automation returns to help us make a trade decision. For example, suppose you find that Symtek Automation 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 |
Symtek Automation 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 Symtek Automation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Symtek Automation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Symtek Automation stock over time.
Current vs Lagged Prices |
| Timeline |
Symtek Automation Lagged Returns
When evaluating Symtek Automation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Symtek Automation stock have on its future price. Symtek Automation 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, Symtek Automation autocorrelation shows the relationship between Symtek Automation stock current value and its past values and can show if there is a momentum factor associated with investing in Symtek Automation Asia.
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 Symtek Stock Analysis
When running Symtek Automation's price analysis, check to measure Symtek Automation'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 Symtek Automation is operating at the current time. Most of Symtek Automation's value examination focuses on studying past and present price action to predict the probability of Symtek Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Symtek Automation's price. Additionally, you may evaluate how the addition of Symtek Automation to your portfolios can decrease your overall portfolio volatility.