Sunny Electronics (Korea) Market Value
| 004770 Stock | 1,570 1.00 0.06% |
| Symbol | Sunny |
Sunny Electronics '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 Electronics' 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 Electronics.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Sunny Electronics on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Sunny Electronics Corp or generate 0.0% return on investment in Sunny Electronics over 30 days. Sunny Electronics is related to or competes with AptaBio Therapeutics, Daewoo SBI, Dream Security, Microfriend, Innometry, and Jahwa Electron. More
Sunny Electronics 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 Electronics' 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 Electronics Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 8.18 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 2.01 |
Sunny Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunny Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunny Electronics' standard deviation. In reality, there are many statistical measures that can use Sunny Electronics historical prices to predict the future Sunny Electronics' volatility.| Risk Adjusted Performance | 0.0132 | |||
| Jensen Alpha | 0.0044 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 1.02 |
Sunny Electronics Corp Backtested Returns
Sunny Electronics Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0249, which indicates the firm had a -0.0249% return per unit of risk over the last 3 months. Sunny Electronics Corp exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sunny Electronics' Risk Adjusted Performance of 0.0132, coefficient of variation of 8072.18, and Semi Deviation of 1.21 to confirm the risk estimate we provide. The entity has a beta of 0.0049, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sunny Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunny Electronics is expected to be smaller as well. At this point, Sunny Electronics Corp has a negative expected return of -0.0311%. Please make sure to validate Sunny Electronics' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Sunny Electronics Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.39 |
Poor reverse predictability
Sunny Electronics Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Sunny Electronics time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Sunny Electronics Corp price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Sunny Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1990.17 |
Sunny Electronics Corp lagged returns against current returns
Autocorrelation, which is Sunny Electronics 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 Electronics' stock expected returns. We can calculate the autocorrelation of Sunny Electronics returns to help us make a trade decision. For example, suppose you find that Sunny Electronics 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 Electronics 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 Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunny Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunny Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Sunny Electronics Lagged Returns
When evaluating Sunny Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunny Electronics stock have on its future price. Sunny Electronics 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 Electronics autocorrelation shows the relationship between Sunny Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Sunny Electronics Corp.
Regressed Prices |
| Timeline |
Pair Trading with Sunny Electronics
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 Sunny Electronics 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 Sunny Electronics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sunny Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunny Electronics 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 Sunny Electronics - 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 Sunny Electronics Corp to buy it.
The correlation of Sunny Electronics 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 Sunny Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunny Electronics Corp 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 Sunny Electronics 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.Other Information on Investing in Sunny Stock
Sunny Electronics 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 Electronics security.