San Fang (Taiwan) Market Value
| 1307 Stock | TWD 40.20 1.15 2.94% |
| Symbol | San |
San Fang '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 San Fang'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 San Fang.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in San Fang on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding San Fang Chemical or generate 0.0% return on investment in San Fang over 390 days. San Fang is related to or competes with Asia Polymer, Taiwan Styrene, UPC Technology, USI Corp, and China General. San Fang Chemical Industry Co., Ltd. manufactures and sells artificial leather products in Taiwan and internationally More
San Fang 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 San Fang'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 San Fang Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.0762 | |||
| Maximum Drawdown | 18.66 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 5.56 |
San Fang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for San Fang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as San Fang's standard deviation. In reality, there are many statistical measures that can use San Fang historical prices to predict the future San Fang's volatility.| Risk Adjusted Performance | 0.0968 | |||
| Jensen Alpha | 0.336 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0803 | |||
| Treynor Ratio | 0.9452 |
San Fang Chemical Backtested Returns
San Fang appears to be very steady, given 3 months investment horizon. San Fang Chemical owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0995, which indicates the firm had a 0.0995% return per unit of risk over the last 3 months. We have found thirty technical indicators for San Fang Chemical, which you can use to evaluate the volatility of the company. Please review San Fang's Semi Deviation of 2.73, coefficient of variation of 858.91, and Risk Adjusted Performance of 0.0968 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, San Fang holds a performance score of 7. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, San Fang's returns are expected to increase less than the market. However, during the bear market, the loss of holding San Fang is expected to be smaller as well. Please check San Fang's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether San Fang's existing price patterns will revert.
Auto-correlation | 0.87 |
Very good predictability
San Fang Chemical has very good predictability. Overlapping area represents the amount of predictability between San Fang time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 San Fang Chemical price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current San Fang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 25.04 |
San Fang Chemical lagged returns against current returns
Autocorrelation, which is San Fang 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 San Fang's stock expected returns. We can calculate the autocorrelation of San Fang returns to help us make a trade decision. For example, suppose you find that San Fang 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 |
San Fang 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 San Fang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if San Fang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in San Fang stock over time.
Current vs Lagged Prices |
| Timeline |
San Fang Lagged Returns
When evaluating San Fang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of San Fang stock have on its future price. San Fang 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, San Fang autocorrelation shows the relationship between San Fang stock current value and its past values and can show if there is a momentum factor associated with investing in San Fang Chemical.
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.Additional Tools for San Stock Analysis
When running San Fang's price analysis, check to measure San Fang'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 San Fang is operating at the current time. Most of San Fang's value examination focuses on studying past and present price action to predict the probability of San Fang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move San Fang's price. Additionally, you may evaluate how the addition of San Fang to your portfolios can decrease your overall portfolio volatility.