Synnex Technology (Taiwan) Market Value
| 2347 Stock | TWD 74.70 1.20 1.58% |
| Symbol | Synnex |
Synnex Technology '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 Synnex Technology'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 Synnex Technology.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Synnex Technology on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Synnex Technology International or generate 0.0% return on investment in Synnex Technology over 30 days. Synnex Technology is related to or competes with Compal Electronics, Quanta Computer, Inventec Corp, Lite On, and Acer. Synnex Technology International Corporation distributes communication, computers and computer peripherals, electronic co... More
Synnex Technology 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 Synnex Technology'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 Synnex Technology International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.18 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 1.96 |
Synnex Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synnex Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synnex Technology's standard deviation. In reality, there are many statistical measures that can use Synnex Technology historical prices to predict the future Synnex Technology's volatility.| Risk Adjusted Performance | 0.0681 | |||
| Jensen Alpha | 0.1029 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (1.00) |
Synnex Technology Backtested Returns
At this stage we consider Synnex Stock to be very steady. Synnex Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0755, which indicates the firm had a 0.0755% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Synnex Technology International, which you can use to evaluate the volatility of the company. Please validate Synnex Technology's Risk Adjusted Performance of 0.0681, coefficient of variation of 1186.14, and Semi Deviation of 0.9536 to confirm if the risk estimate we provide is consistent with the expected return of 0.0942%. Synnex Technology has a performance score of 5 on a scale of 0 to 100. The entity has a beta of -0.0924, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Synnex Technology are expected to decrease at a much lower rate. During the bear market, Synnex Technology is likely to outperform the market. Synnex Technology right now has a risk of 1.25%. Please validate Synnex Technology information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Synnex Technology will be following its existing price patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Synnex Technology International has weak reverse predictability. Overlapping area represents the amount of predictability between Synnex Technology 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 Synnex Technology price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Synnex Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 2.06 |
Synnex Technology lagged returns against current returns
Autocorrelation, which is Synnex Technology 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 Synnex Technology's stock expected returns. We can calculate the autocorrelation of Synnex Technology returns to help us make a trade decision. For example, suppose you find that Synnex Technology 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 |
Synnex Technology 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 Synnex Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synnex Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synnex Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Synnex Technology Lagged Returns
When evaluating Synnex Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synnex Technology stock have on its future price. Synnex Technology 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, Synnex Technology autocorrelation shows the relationship between Synnex Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Synnex Technology International.
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 Synnex Stock Analysis
When running Synnex Technology's price analysis, check to measure Synnex Technology'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 Synnex Technology is operating at the current time. Most of Synnex Technology's value examination focuses on studying past and present price action to predict the probability of Synnex Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synnex Technology's price. Additionally, you may evaluate how the addition of Synnex Technology to your portfolios can decrease your overall portfolio volatility.