SYN Tech (Taiwan) Market Value
| 1777 Stock | TWD 97.20 0.20 0.21% |
| Symbol | SYN |
SYN Tech '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 SYN Tech'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 SYN Tech.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in SYN Tech on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding SYN Tech Chem Pharm or generate 0.0% return on investment in SYN Tech over 720 days. SYN Tech is related to or competes with United Radiant, Microelectronics, Avalue Technology, Microtips Technology, ADLINK Technology, V Tac, and Asmedia Technology. Co., Ltd. researches, manufactures, and sells APIs in Taiwan More
SYN Tech 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 SYN Tech'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 SYN Tech Chem Pharm upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9614 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.2 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 2.04 |
SYN Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SYN Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SYN Tech's standard deviation. In reality, there are many statistical measures that can use SYN Tech historical prices to predict the future SYN Tech's volatility.| Risk Adjusted Performance | 0.0716 | |||
| Jensen Alpha | 0.0653 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.9819 |
SYN Tech Chem Backtested Returns
At this stage we consider SYN Stock to be very steady. SYN Tech Chem owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.055, which indicates the firm had a 0.055% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for SYN Tech Chem Pharm, which you can use to evaluate the volatility of the company. Please validate SYN Tech's risk adjusted performance of 0.0716, and Coefficient Of Variation of 1097.59 to confirm if the risk estimate we provide is consistent with the expected return of 0.0474%. SYN Tech has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.0758, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SYN Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding SYN Tech is expected to be smaller as well. SYN Tech Chem presently has a risk of 0.86%. Please validate SYN Tech coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if SYN Tech will be following its existing price patterns.
Auto-correlation | 0.38 |
Below average predictability
SYN Tech Chem Pharm has below average predictability. Overlapping area represents the amount of predictability between SYN Tech time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 SYN Tech Chem price movement. The serial correlation of 0.38 indicates that just about 38.0% of current SYN Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 45.23 |
SYN Tech Chem lagged returns against current returns
Autocorrelation, which is SYN Tech 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 SYN Tech's stock expected returns. We can calculate the autocorrelation of SYN Tech returns to help us make a trade decision. For example, suppose you find that SYN Tech 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 |
SYN Tech 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 SYN Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SYN Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SYN Tech stock over time.
Current vs Lagged Prices |
| Timeline |
SYN Tech Lagged Returns
When evaluating SYN Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SYN Tech stock have on its future price. SYN Tech 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, SYN Tech autocorrelation shows the relationship between SYN Tech stock current value and its past values and can show if there is a momentum factor associated with investing in SYN Tech Chem Pharm.
Regressed Prices |
| Timeline |
Pair Trading with SYN Tech
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SYN Tech position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SYN Tech will appreciate offsetting losses from the drop in the long position's value.Moving against SYN Stock
| 0.52 | 2888 | Shin Kong Financial Earnings Call This Week | PairCorr |
| 0.47 | 6547 | Medigen Vaccine Biologics | PairCorr |
| 0.46 | 4743 | Oneness Biotech | PairCorr |
| 0.4 | 4174 | OBI Pharma | PairCorr |
| 0.35 | 4142 | Adimmune Corp | PairCorr |
The ability to find closely correlated positions to SYN Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SYN Tech when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SYN Tech - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SYN Tech Chem Pharm to buy it.
The correlation of SYN Tech is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SYN Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SYN Tech Chem moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SYN Tech can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for SYN Stock Analysis
When running SYN Tech's price analysis, check to measure SYN Tech'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 SYN Tech is operating at the current time. Most of SYN Tech's value examination focuses on studying past and present price action to predict the probability of SYN Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SYN Tech's price. Additionally, you may evaluate how the addition of SYN Tech to your portfolios can decrease your overall portfolio volatility.