Sunny Optical (Germany) Market Value
| SXC Stock | EUR 7.53 0.09 1.21% |
| Symbol | Sunny |
Sunny Optical '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 Sunny Optical'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 Sunny Optical.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Sunny Optical on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Sunny Optical Technology or generate 0.0% return on investment in Sunny Optical over 210 days. Sunny Optical is related to or competes with Hon Hai, Samsung SDI, Murata Manufacturing, Mitsubishi Electric, TDK. Sunny Optical Technology Company Limited, an investment holding company, engages in designing, researching, developing, ... More
Sunny Optical 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 Sunny Optical'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 Sunny Optical Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.36 | |||
| Information Ratio | 0.1029 | |||
| Maximum Drawdown | 20.55 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 6.23 |
Sunny Optical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunny Optical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunny Optical's standard deviation. In reality, there are many statistical measures that can use Sunny Optical historical prices to predict the future Sunny Optical's volatility.| Risk Adjusted Performance | 0.1143 | |||
| Jensen Alpha | 0.4781 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.1163 | |||
| Treynor Ratio | 1.63 |
Sunny Optical Technology Backtested Returns
Sunny Optical appears to be slightly risky, given 3 months investment horizon. Sunny Optical Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Sunny Optical's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please review Sunny Optical's Coefficient Of Variation of 719.18, risk adjusted performance of 0.1143, and Semi Deviation of 3.13 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sunny Optical holds a performance score of 11. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sunny Optical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunny Optical is expected to be smaller as well. Please check Sunny Optical's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Sunny Optical's existing price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
Sunny Optical Technology has weak predictability. Overlapping area represents the amount of predictability between Sunny Optical time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Sunny Optical Technology price movement. The serial correlation of 0.23 indicates that over 23.0% of current Sunny Optical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Sunny Optical Technology lagged returns against current returns
Autocorrelation, which is Sunny Optical 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 Sunny Optical's stock expected returns. We can calculate the autocorrelation of Sunny Optical returns to help us make a trade decision. For example, suppose you find that Sunny Optical 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 |
Sunny Optical 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 Sunny Optical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunny Optical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunny Optical stock over time.
Current vs Lagged Prices |
| Timeline |
Sunny Optical Lagged Returns
When evaluating Sunny Optical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunny Optical stock have on its future price. Sunny Optical 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, Sunny Optical autocorrelation shows the relationship between Sunny Optical stock current value and its past values and can show if there is a momentum factor associated with investing in Sunny Optical Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sunny Stock
Sunny Optical financial ratios help investors to determine whether Sunny 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 Sunny with respect to the benefits of owning Sunny Optical security.