SIM Technology (Taiwan) Market Value
| 912000 Stock | TWD 3.11 0.02 0.65% |
| Symbol | SIM |
SIM Technology '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 SIM Technology'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 SIM Technology.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in SIM Technology on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding SIM Technology Group or generate 0.0% return on investment in SIM Technology over 30 days. SIM Technology is related to or competes with Cal Comp, Neo Neon, Ju Teng, Digital China, and Medtecs International. SIM Technology Group Limited, an investment holding company, operates in the mobile communication and Internet of Things... More
SIM Technology 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 SIM Technology'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 SIM Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.94 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 3.81 |
SIM Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SIM Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SIM Technology's standard deviation. In reality, there are many statistical measures that can use SIM Technology historical prices to predict the future SIM Technology's volatility.| Risk Adjusted Performance | 0.0358 | |||
| Jensen Alpha | 0.027 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1928 |
SIM Technology Group Backtested Returns
At this point, SIM Technology is slightly risky. SIM Technology Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0398, which indicates the firm had a 0.0398% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for SIM Technology Group, which you can use to evaluate the volatility of the company. Please validate SIM Technology's risk adjusted performance of 0.0358, and Coefficient Of Variation of 2430.23 to confirm if the risk estimate we provide is consistent with the expected return of 0.0757%. SIM Technology has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SIM Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding SIM Technology is expected to be smaller as well. SIM Technology Group currently has a risk of 1.9%. Please validate SIM Technology downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if SIM Technology will be following its existing price patterns.
Auto-correlation | -0.03 |
Very weak reverse predictability
SIM Technology Group has very weak reverse predictability. Overlapping area represents the amount of predictability between SIM Technology time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 SIM Technology Group price movement. The serial correlation of -0.03 indicates that only 3.0% of current SIM Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SIM Technology Group lagged returns against current returns
Autocorrelation, which is SIM Technology 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 SIM Technology's stock expected returns. We can calculate the autocorrelation of SIM Technology returns to help us make a trade decision. For example, suppose you find that SIM Technology 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 |
SIM Technology 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 SIM Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SIM Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SIM Technology stock over time.
Current vs Lagged Prices |
| Timeline |
SIM Technology Lagged Returns
When evaluating SIM Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SIM Technology stock have on its future price. SIM Technology 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, SIM Technology autocorrelation shows the relationship between SIM Technology stock current value and its past values and can show if there is a momentum factor associated with investing in SIM Technology Group.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in SIM Stock
SIM Technology financial ratios help investors to determine whether SIM Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SIM with respect to the benefits of owning SIM Technology security.