Shui Mu (Taiwan) Market Value
| 8443 Stock | TWD 11.80 0.05 0.43% |
| Symbol | Shui |
Shui Mu '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 Shui Mu'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 Shui Mu.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Shui Mu on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Shui Mu International Co or generate 0.0% return on investment in Shui Mu over 30 days. Shui Mu is related to or competes with Jinli Group, New Palace, Les Enphants, Shin Shin, and Kingcan Holdings. Shui-Mu International Company Limited produces and sells footwear in Taiwan More
Shui Mu 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 Shui Mu'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 Shui Mu International Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9432 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.8547 |
Shui Mu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shui Mu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shui Mu's standard deviation. In reality, there are many statistical measures that can use Shui Mu historical prices to predict the future Shui Mu's volatility.| Risk Adjusted Performance | 0.0159 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0321 |
Shui Mu International Backtested Returns
At this stage we consider Shui Stock to be very steady. Shui Mu International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0033, which indicates the firm had a 0.0033% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shui Mu International Co, which you can use to evaluate the volatility of the company. Please validate Shui Mu's Semi Deviation of 0.6553, coefficient of variation of 4374.35, and Risk Adjusted Performance of 0.0159 to confirm if the risk estimate we provide is consistent with the expected return of 0.0022%. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shui Mu's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shui Mu is expected to be smaller as well. Shui Mu International right now has a risk of 0.66%. Please validate Shui Mu jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Shui Mu will be following its existing price patterns.
Auto-correlation | 0.20 |
Weak predictability
Shui Mu International Co has weak predictability. Overlapping area represents the amount of predictability between Shui Mu 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 Shui Mu International price movement. The serial correlation of 0.2 indicates that over 20.0% of current Shui Mu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Shui Mu International lagged returns against current returns
Autocorrelation, which is Shui Mu 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 Shui Mu's stock expected returns. We can calculate the autocorrelation of Shui Mu returns to help us make a trade decision. For example, suppose you find that Shui Mu 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 |
Shui Mu 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 Shui Mu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shui Mu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shui Mu stock over time.
Current vs Lagged Prices |
| Timeline |
Shui Mu Lagged Returns
When evaluating Shui Mu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shui Mu stock have on its future price. Shui Mu 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, Shui Mu autocorrelation shows the relationship between Shui Mu stock current value and its past values and can show if there is a momentum factor associated with investing in Shui Mu International Co.
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 Shui Stock Analysis
When running Shui Mu's price analysis, check to measure Shui Mu'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 Shui Mu is operating at the current time. Most of Shui Mu's value examination focuses on studying past and present price action to predict the probability of Shui Mu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shui Mu's price. Additionally, you may evaluate how the addition of Shui Mu to your portfolios can decrease your overall portfolio volatility.