Sanyang (Taiwan) Market Value
| 2206 Stock | TWD 70.10 0.90 1.27% |
| Symbol | Sanyang |
Sanyang '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 Sanyang'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 Sanyang.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Sanyang on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Sanyang Motor Co or generate 0.0% return on investment in Sanyang over 570 days. Sanyang is related to or competes with Chaintech Technology, AVerMedia Technologies, Avision, Clevo, and Elitegroup Computer. Sanyang Motor Co., Ltd. manufactures and sells motorcycles and automobiles in Taiwan and internationally More
Sanyang 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 Sanyang'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 Sanyang Motor Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.61 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.45 |
Sanyang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanyang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanyang's standard deviation. In reality, there are many statistical measures that can use Sanyang historical prices to predict the future Sanyang's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.2917 |
Sanyang Motor Backtested Returns
Sanyang Motor owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.1, which indicates the firm had a -0.1% return per unit of risk over the last 3 months. Sanyang Motor Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sanyang's Coefficient Of Variation of (1,295), variance of 1.68, and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The entity has a beta of -0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sanyang are expected to decrease at a much lower rate. During the bear market, Sanyang is likely to outperform the market. At this point, Sanyang Motor has a negative expected return of -0.14%. Please make sure to validate Sanyang's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Sanyang Motor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Sanyang Motor Co has poor predictability. Overlapping area represents the amount of predictability between Sanyang time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Sanyang Motor price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Sanyang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 13.64 |
Sanyang Motor lagged returns against current returns
Autocorrelation, which is Sanyang 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 Sanyang's stock expected returns. We can calculate the autocorrelation of Sanyang returns to help us make a trade decision. For example, suppose you find that Sanyang 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 |
Sanyang 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 Sanyang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanyang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanyang stock over time.
Current vs Lagged Prices |
| Timeline |
Sanyang Lagged Returns
When evaluating Sanyang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanyang stock have on its future price. Sanyang 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, Sanyang autocorrelation shows the relationship between Sanyang stock current value and its past values and can show if there is a momentum factor associated with investing in Sanyang Motor 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 Sanyang Stock Analysis
When running Sanyang's price analysis, check to measure Sanyang'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 Sanyang is operating at the current time. Most of Sanyang's value examination focuses on studying past and present price action to predict the probability of Sanyang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sanyang's price. Additionally, you may evaluate how the addition of Sanyang to your portfolios can decrease your overall portfolio volatility.