Syncmold Enterprise (Taiwan) Market Value
| 1582 Stock | TWD 94.70 1.60 1.66% |
| Symbol | Syncmold |
Syncmold Enterprise '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 Syncmold Enterprise'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 Syncmold Enterprise.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Syncmold Enterprise on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Syncmold Enterprise Corp or generate 0.0% return on investment in Syncmold Enterprise over 30 days. Syncmold Enterprise is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Syncmold Enterprise Corp. manufactures and sells LCDLED monitor stands and plastic molding products in Taiwan More
Syncmold Enterprise 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 Syncmold Enterprise'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 Syncmold Enterprise Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.91 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 2.87 |
Syncmold Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Syncmold Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Syncmold Enterprise's standard deviation. In reality, there are many statistical measures that can use Syncmold Enterprise historical prices to predict the future Syncmold Enterprise's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | 3.35 |
Syncmold Enterprise Corp Backtested Returns
Syncmold Enterprise Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0858, which indicates the firm had a -0.0858% return per unit of risk over the last 3 months. Syncmold Enterprise Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Syncmold Enterprise's Coefficient Of Variation of (1,486), risk adjusted performance of (0.04), and Variance of 5.65 to confirm the risk estimate we provide. The entity has a beta of -0.0508, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Syncmold Enterprise are expected to decrease at a much lower rate. During the bear market, Syncmold Enterprise is likely to outperform the market. At this point, Syncmold Enterprise Corp has a negative expected return of -0.21%. Please make sure to validate Syncmold Enterprise's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Syncmold Enterprise Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Syncmold Enterprise Corp has weak predictability. Overlapping area represents the amount of predictability between Syncmold Enterprise 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 Syncmold Enterprise Corp price movement. The serial correlation of 0.23 indicates that over 23.0% of current Syncmold Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 2.67 |
Syncmold Enterprise Corp lagged returns against current returns
Autocorrelation, which is Syncmold Enterprise 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 Syncmold Enterprise's stock expected returns. We can calculate the autocorrelation of Syncmold Enterprise returns to help us make a trade decision. For example, suppose you find that Syncmold Enterprise 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 |
Syncmold Enterprise 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 Syncmold Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Syncmold Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Syncmold Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Syncmold Enterprise Lagged Returns
When evaluating Syncmold Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Syncmold Enterprise stock have on its future price. Syncmold Enterprise 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, Syncmold Enterprise autocorrelation shows the relationship between Syncmold Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Syncmold Enterprise Corp.
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 Syncmold Stock Analysis
When running Syncmold Enterprise's price analysis, check to measure Syncmold Enterprise'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 Syncmold Enterprise is operating at the current time. Most of Syncmold Enterprise's value examination focuses on studying past and present price action to predict the probability of Syncmold Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Syncmold Enterprise's price. Additionally, you may evaluate how the addition of Syncmold Enterprise to your portfolios can decrease your overall portfolio volatility.