Shin Tai (Taiwan) Market Value
| 1235 Stock | TWD 146.00 3.00 2.01% |
| Symbol | Shin |
Shin Tai '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 Shin Tai'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 Shin Tai.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Shin Tai on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Shin Tai Industry or generate 0.0% return on investment in Shin Tai over 180 days. Shin Tai is related to or competes with Great Wall, Uni President, and Lien Hwa. Shin Tai Industry Co., Ltd. provides various animal feeds in Taiwan More
Shin Tai 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 Shin Tai'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 Shin Tai Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | 0.0906 | |||
| Maximum Drawdown | 11.29 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 4.15 |
Shin Tai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shin Tai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shin Tai's standard deviation. In reality, there are many statistical measures that can use Shin Tai historical prices to predict the future Shin Tai's volatility.| Risk Adjusted Performance | 0.1198 | |||
| Jensen Alpha | 0.2942 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0939 | |||
| Treynor Ratio | 1.23 |
Shin Tai Industry Backtested Returns
Shin Tai appears to be very steady, given 3 months investment horizon. Shin Tai Industry owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shin Tai Industry, which you can use to evaluate the volatility of the company. Please review Shin Tai's Risk Adjusted Performance of 0.1198, coefficient of variation of 675.33, and Semi Deviation of 1.78 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shin Tai holds a performance score of 10. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shin Tai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shin Tai is expected to be smaller as well. Please check Shin Tai's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shin Tai's existing price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Shin Tai Industry has modest predictability. Overlapping area represents the amount of predictability between Shin Tai time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Shin Tai Industry price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Shin Tai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 116.47 |
Shin Tai Industry lagged returns against current returns
Autocorrelation, which is Shin Tai 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 Shin Tai's stock expected returns. We can calculate the autocorrelation of Shin Tai returns to help us make a trade decision. For example, suppose you find that Shin Tai 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 |
Shin Tai 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 Shin Tai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shin Tai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shin Tai stock over time.
Current vs Lagged Prices |
| Timeline |
Shin Tai Lagged Returns
When evaluating Shin Tai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shin Tai stock have on its future price. Shin Tai 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, Shin Tai autocorrelation shows the relationship between Shin Tai stock current value and its past values and can show if there is a momentum factor associated with investing in Shin Tai Industry.
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 Shin Stock Analysis
When running Shin Tai's price analysis, check to measure Shin Tai'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 Shin Tai is operating at the current time. Most of Shin Tai's value examination focuses on studying past and present price action to predict the probability of Shin Tai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Tai's price. Additionally, you may evaluate how the addition of Shin Tai to your portfolios can decrease your overall portfolio volatility.