Samebest (Taiwan) Market Value
| 8489 Stock | TWD 30.40 0.10 0.33% |
| Symbol | Samebest |
Samebest '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 Samebest'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 Samebest.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Samebest on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Samebest Co or generate 0.0% return on investment in Samebest over 30 days. Samebest is related to or competes with Mobiletron Electronics, Jia Jie, WinMate Communication, and Tai Tung. Samebest Co., Ltd. engages in the research and development of digital cloud curriculum systems primarily in Taiwan More
Samebest 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 Samebest'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 Samebest Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.0181 | |||
| Maximum Drawdown | 9.6 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 2.12 |
Samebest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samebest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samebest's standard deviation. In reality, there are many statistical measures that can use Samebest historical prices to predict the future Samebest's volatility.| Risk Adjusted Performance | 0.0648 | |||
| Jensen Alpha | 0.1143 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0218 | |||
| Treynor Ratio | 2.55 |
Samebest Backtested Returns
At this stage we consider Samebest Stock to be very steady. Samebest owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0712, which indicates the firm had a 0.0712% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Samebest Co, which you can use to evaluate the volatility of the company. Please validate Samebest's Semi Deviation of 1.06, coefficient of variation of 1220.17, and Risk Adjusted Performance of 0.0648 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. Samebest has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.0465, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Samebest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Samebest is expected to be smaller as well. Samebest right now has a risk of 1.59%. Please validate Samebest downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Samebest will be following its existing price patterns.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Samebest Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Samebest time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Samebest price movement. The serial correlation of -0.71 indicates that around 71.0% of current Samebest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Samebest lagged returns against current returns
Autocorrelation, which is Samebest 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 Samebest's stock expected returns. We can calculate the autocorrelation of Samebest returns to help us make a trade decision. For example, suppose you find that Samebest 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 |
Samebest 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 Samebest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samebest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samebest stock over time.
Current vs Lagged Prices |
| Timeline |
Samebest Lagged Returns
When evaluating Samebest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samebest stock have on its future price. Samebest 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, Samebest autocorrelation shows the relationship between Samebest stock current value and its past values and can show if there is a momentum factor associated with investing in Samebest Co.
Regressed Prices |
| Timeline |
Pair Trading with Samebest
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 Samebest 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 Samebest will appreciate offsetting losses from the drop in the long position's value.Moving against Samebest Stock
| 0.74 | 3556 | eGalaxeMPIA Technology | PairCorr |
| 0.54 | 3206 | Kingstate Electronics | PairCorr |
| 0.48 | 4108 | Phytohealth Corp | PairCorr |
| 0.47 | 5215 | Ko Ja Cayman | PairCorr |
| 0.43 | 0051 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Samebest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samebest 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 Samebest - 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 Samebest Co to buy it.
The correlation of Samebest 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 Samebest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samebest 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 Samebest 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 Samebest Stock Analysis
When running Samebest's price analysis, check to measure Samebest'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 Samebest is operating at the current time. Most of Samebest's value examination focuses on studying past and present price action to predict the probability of Samebest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Samebest's price. Additionally, you may evaluate how the addition of Samebest to your portfolios can decrease your overall portfolio volatility.