Sun Race (Taiwan) Market Value
| 1526 Stock | TWD 24.00 0.10 0.41% |
| Symbol | Sun |
Sun Race '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 Sun Race'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 Sun Race.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Sun Race on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Sun Race Sturmey Archer or generate 0.0% return on investment in Sun Race over 360 days. Sun Race is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Chailease Holding, Delta Electronics, and Formosa Petrochemical. Sun Race Sturmey-Archer Inc. provides bicycle components worldwide More
Sun Race 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 Sun Race'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 Sun Race Sturmey Archer upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 9.6 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 2.54 |
Sun Race Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Race's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Race's standard deviation. In reality, there are many statistical measures that can use Sun Race historical prices to predict the future Sun Race's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (1.20) |
Sun Race Sturmey Backtested Returns
Sun Race Sturmey owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.21, which indicates the firm had a -0.21% return per unit of risk over the last 3 months. Sun Race Sturmey Archer exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sun Race's Risk Adjusted Performance of (0.11), variance of 2.74, and Coefficient Of Variation of (671.64) to confirm the risk estimate we provide. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sun Race's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sun Race is expected to be smaller as well. At this point, Sun Race Sturmey has a negative expected return of -0.34%. Please make sure to validate Sun Race's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Sun Race Sturmey performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
Sun Race Sturmey Archer has weak reverse predictability. Overlapping area represents the amount of predictability between Sun Race time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Sun Race Sturmey price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Sun Race price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 4.27 |
Sun Race Sturmey lagged returns against current returns
Autocorrelation, which is Sun Race 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 Sun Race's stock expected returns. We can calculate the autocorrelation of Sun Race returns to help us make a trade decision. For example, suppose you find that Sun Race 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 |
Sun Race 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 Sun Race stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Race stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Race stock over time.
Current vs Lagged Prices |
| Timeline |
Sun Race Lagged Returns
When evaluating Sun Race's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Race stock have on its future price. Sun Race 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, Sun Race autocorrelation shows the relationship between Sun Race stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Race Sturmey Archer.
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 Sun Stock Analysis
When running Sun Race's price analysis, check to measure Sun Race'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 Sun Race is operating at the current time. Most of Sun Race's value examination focuses on studying past and present price action to predict the probability of Sun Race's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Race's price. Additionally, you may evaluate how the addition of Sun Race to your portfolios can decrease your overall portfolio volatility.