Shinkong Synthetic (Taiwan) Market Value
| 1409 Stock | TWD 16.00 0.10 0.63% |
| Symbol | Shinkong |
Shinkong Synthetic '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 Shinkong Synthetic'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 Shinkong Synthetic.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Shinkong Synthetic on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Shinkong Synthetic Fiber or generate 0.0% return on investment in Shinkong Synthetic over 30 days. Shinkong Synthetic is related to or competes with Cheng Shin, China Steel, and Yulon. Shinkong Synthetic Fibers Corporation produces and sells polyester fibers and polymers in Taiwan and internationally More
Shinkong Synthetic 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 Shinkong Synthetic'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 Shinkong Synthetic Fiber upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.02 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.63 |
Shinkong Synthetic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shinkong Synthetic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shinkong Synthetic's standard deviation. In reality, there are many statistical measures that can use Shinkong Synthetic historical prices to predict the future Shinkong Synthetic's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.73) |
Shinkong Synthetic Fiber Backtested Returns
Shinkong Synthetic Fiber owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0072, which indicates the firm had a -0.0072% return per unit of risk over the last 3 months. Shinkong Synthetic Fiber exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shinkong Synthetic's Variance of 1.4, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,668) to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shinkong Synthetic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shinkong Synthetic is expected to be smaller as well. At this point, Shinkong Synthetic Fiber has a negative expected return of -0.0083%. Please make sure to validate Shinkong Synthetic's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Shinkong Synthetic Fiber performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Shinkong Synthetic Fiber has modest predictability. Overlapping area represents the amount of predictability between Shinkong Synthetic time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Shinkong Synthetic Fiber price movement. The serial correlation of 0.55 indicates that about 55.0% of current Shinkong Synthetic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Shinkong Synthetic Fiber lagged returns against current returns
Autocorrelation, which is Shinkong Synthetic 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 Shinkong Synthetic's stock expected returns. We can calculate the autocorrelation of Shinkong Synthetic returns to help us make a trade decision. For example, suppose you find that Shinkong Synthetic 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 |
Shinkong Synthetic 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 Shinkong Synthetic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shinkong Synthetic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shinkong Synthetic stock over time.
Current vs Lagged Prices |
| Timeline |
Shinkong Synthetic Lagged Returns
When evaluating Shinkong Synthetic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shinkong Synthetic stock have on its future price. Shinkong Synthetic 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, Shinkong Synthetic autocorrelation shows the relationship between Shinkong Synthetic stock current value and its past values and can show if there is a momentum factor associated with investing in Shinkong Synthetic Fiber.
Regressed Prices |
| Timeline |
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When running Shinkong Synthetic's price analysis, check to measure Shinkong Synthetic'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 Shinkong Synthetic is operating at the current time. Most of Shinkong Synthetic's value examination focuses on studying past and present price action to predict the probability of Shinkong Synthetic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinkong Synthetic's price. Additionally, you may evaluate how the addition of Shinkong Synthetic to your portfolios can decrease your overall portfolio volatility.