Sheng Yu (Taiwan) Market Value
| 2029 Stock | TWD 25.10 0.20 0.80% |
| Symbol | Sheng |
Sheng Yu '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 Sheng Yu'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 Sheng Yu.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Sheng Yu on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Sheng Yu Steel or generate 0.0% return on investment in Sheng Yu over 720 days. Sheng Yu is related to or competes with Cheng Shin, Taiwan Cement, China Steel, and Yulon. Sheng Yu Steel Co., Ltd. manufactures, processes, and sells steel sheets in Taiwan More
Sheng Yu 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 Sheng Yu'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 Sheng Yu Steel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.67 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.55 |
Sheng Yu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sheng Yu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sheng Yu's standard deviation. In reality, there are many statistical measures that can use Sheng Yu historical prices to predict the future Sheng Yu's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.1) |
Sheng Yu Steel Backtested Returns
Sheng Yu Steel owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0178, which indicates the firm had a -0.0178% return per unit of risk over the last 3 months. Sheng Yu Steel exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sheng Yu's insignificant Risk Adjusted Performance, variance of 0.9009, and Coefficient Of Variation of (12,500) to confirm the risk estimate we provide. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sheng Yu's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sheng Yu is expected to be smaller as well. At this point, Sheng Yu Steel has a negative expected return of -0.0171%. Please make sure to validate Sheng Yu's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Sheng Yu Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Sheng Yu Steel has very weak predictability. Overlapping area represents the amount of predictability between Sheng Yu time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 Sheng Yu Steel price movement. The serial correlation of 0.16 indicates that over 16.0% of current Sheng Yu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 2.61 |
Sheng Yu Steel lagged returns against current returns
Autocorrelation, which is Sheng Yu 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 Sheng Yu's stock expected returns. We can calculate the autocorrelation of Sheng Yu returns to help us make a trade decision. For example, suppose you find that Sheng Yu 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 |
Sheng Yu 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 Sheng Yu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sheng Yu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sheng Yu stock over time.
Current vs Lagged Prices |
| Timeline |
Sheng Yu Lagged Returns
When evaluating Sheng Yu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sheng Yu stock have on its future price. Sheng Yu 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, Sheng Yu autocorrelation shows the relationship between Sheng Yu stock current value and its past values and can show if there is a momentum factor associated with investing in Sheng Yu Steel.
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 Sheng Stock Analysis
When running Sheng Yu's price analysis, check to measure Sheng Yu'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 Sheng Yu is operating at the current time. Most of Sheng Yu's value examination focuses on studying past and present price action to predict the probability of Sheng Yu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sheng Yu's price. Additionally, you may evaluate how the addition of Sheng Yu to your portfolios can decrease your overall portfolio volatility.