Sunko Ink (Taiwan) Market Value
| 1721 Stock | TWD 19.05 0.30 1.60% |
| Symbol | Sunko |
Sunko Ink '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 Sunko Ink'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 Sunko Ink.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sunko Ink on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sunko Ink Co or generate 0.0% return on investment in Sunko Ink over 30 days. Sunko Ink is related to or competes with Cheng Shin, China Steel, and Yulon. Sunko Ink Co., Ltd. processes, manufactures, and trades in resins and special chemicals in Taiwan, the United States, an... More
Sunko Ink 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 Sunko Ink'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 Sunko Ink Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.0562 | |||
| Maximum Drawdown | 19.93 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 9.94 |
Sunko Ink Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunko Ink's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunko Ink's standard deviation. In reality, there are many statistical measures that can use Sunko Ink historical prices to predict the future Sunko Ink's volatility.| Risk Adjusted Performance | 0.0746 | |||
| Jensen Alpha | 0.3612 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | 0.0656 | |||
| Treynor Ratio | (5.95) |
Sunko Ink Backtested Returns
Sunko Ink appears to be not too volatile, given 3 months investment horizon. Sunko Ink owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0678, which indicates the firm had a 0.0678% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sunko Ink Co, which you can use to evaluate the volatility of the company. Please review Sunko Ink's Risk Adjusted Performance of 0.0746, semi deviation of 3.17, and Coefficient Of Variation of 1151.42 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sunko Ink holds a performance score of 5. The entity has a beta of -0.0595, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sunko Ink are expected to decrease at a much lower rate. During the bear market, Sunko Ink is likely to outperform the market. Please check Sunko Ink's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Sunko Ink's existing price patterns will revert.
Auto-correlation | 0.12 |
Insignificant predictability
Sunko Ink Co has insignificant predictability. Overlapping area represents the amount of predictability between Sunko Ink 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 Sunko Ink price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Sunko Ink price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Sunko Ink lagged returns against current returns
Autocorrelation, which is Sunko Ink 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 Sunko Ink's stock expected returns. We can calculate the autocorrelation of Sunko Ink returns to help us make a trade decision. For example, suppose you find that Sunko Ink 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 |
Sunko Ink 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 Sunko Ink stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunko Ink stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunko Ink stock over time.
Current vs Lagged Prices |
| Timeline |
Sunko Ink Lagged Returns
When evaluating Sunko Ink's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunko Ink stock have on its future price. Sunko Ink 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, Sunko Ink autocorrelation shows the relationship between Sunko Ink stock current value and its past values and can show if there is a momentum factor associated with investing in Sunko Ink Co.
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 Sunko Stock Analysis
When running Sunko Ink's price analysis, check to measure Sunko Ink'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 Sunko Ink is operating at the current time. Most of Sunko Ink's value examination focuses on studying past and present price action to predict the probability of Sunko Ink's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunko Ink's price. Additionally, you may evaluate how the addition of Sunko Ink to your portfolios can decrease your overall portfolio volatility.