Shinih Enterprise (Taiwan) Market Value
| 9944 Stock | TWD 20.50 0.10 0.49% |
| Symbol | Shinih |
Shinih Enterprise '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 Shinih Enterprise'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 Shinih Enterprise.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Shinih Enterprise on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shinih Enterprise Co or generate 0.0% return on investment in Shinih Enterprise over 30 days. Shinih Enterprise is related to or competes with Ton Yi, Super Dragon, Min Aik, Hung Sheng, and Jinli Group. Shinih Enterprise Co., Ltd. manufactures and sells non-woven products in Taiwan and internationally More
Shinih Enterprise 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 Shinih Enterprise'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 Shinih Enterprise Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.17 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.7317 |
Shinih Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinih Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shinih Enterprise's standard deviation. In reality, there are many statistical measures that can use Shinih Enterprise historical prices to predict the future Shinih Enterprise's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.54) |
Shinih Enterprise Backtested Returns
Shinih Enterprise owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0181, which indicates the firm had a -0.0181% return per unit of risk over the last 3 months. Shinih Enterprise Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shinih Enterprise's Coefficient Of Variation of (1,995), risk adjusted performance of (0.04), and Variance of 0.3094 to confirm the risk estimate we provide. The entity has a beta of 0.0704, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shinih Enterprise's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shinih Enterprise is expected to be smaller as well. At this point, Shinih Enterprise has a negative expected return of -0.01%. Please make sure to validate Shinih Enterprise's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Shinih Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Shinih Enterprise Co has poor reverse predictability. Overlapping area represents the amount of predictability between Shinih Enterprise time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Shinih Enterprise price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Shinih Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shinih Enterprise lagged returns against current returns
Autocorrelation, which is Shinih Enterprise 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 Shinih Enterprise's stock expected returns. We can calculate the autocorrelation of Shinih Enterprise returns to help us make a trade decision. For example, suppose you find that Shinih Enterprise 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 |
Shinih Enterprise 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 Shinih Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shinih Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shinih Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Shinih Enterprise Lagged Returns
When evaluating Shinih Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shinih Enterprise stock have on its future price. Shinih Enterprise 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, Shinih Enterprise autocorrelation shows the relationship between Shinih Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Shinih Enterprise 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 Shinih Stock Analysis
When running Shinih Enterprise's price analysis, check to measure Shinih Enterprise'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 Shinih Enterprise is operating at the current time. Most of Shinih Enterprise's value examination focuses on studying past and present price action to predict the probability of Shinih Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinih Enterprise's price. Additionally, you may evaluate how the addition of Shinih Enterprise to your portfolios can decrease your overall portfolio volatility.