Solomon Technology (Taiwan) Market Value
| 2359 Stock | TWD 142.00 10.00 7.58% |
| Symbol | Solomon |
Solomon 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 Solomon 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 Solomon Technology.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Solomon Technology on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Solomon Technology Corp or generate 0.0% return on investment in Solomon Technology over 540 days. Solomon Technology is related to or competes with United Microelectronics, and Winbond Electronics. Solomon Technology Corporation operates as an electronic components sales agency primarily in the Asia-Pacific region an... More
Solomon 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 Solomon 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 Solomon Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.38 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 3.73 |
Solomon Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solomon Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solomon Technology's standard deviation. In reality, there are many statistical measures that can use Solomon Technology historical prices to predict the future Solomon Technology's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.30) |
Solomon Technology Corp Backtested Returns
Solomon Technology Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0532, which indicates the firm had a -0.0532% return per unit of risk over the last 3 months. Solomon Technology Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solomon Technology's Coefficient Of Variation of (1,363), variance of 5.75, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Solomon Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Solomon Technology is expected to be smaller as well. At this point, Solomon Technology Corp has a negative expected return of -0.13%. Please make sure to validate Solomon Technology's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Solomon Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Solomon Technology Corp has poor predictability. Overlapping area represents the amount of predictability between Solomon Technology time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 Solomon Technology Corp price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Solomon Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 1346.14 |
Solomon Technology Corp lagged returns against current returns
Autocorrelation, which is Solomon 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 Solomon Technology's stock expected returns. We can calculate the autocorrelation of Solomon Technology returns to help us make a trade decision. For example, suppose you find that Solomon 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 |
Solomon 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 Solomon Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solomon Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solomon Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Solomon Technology Lagged Returns
When evaluating Solomon Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solomon Technology stock have on its future price. Solomon 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, Solomon Technology autocorrelation shows the relationship between Solomon Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Solomon Technology Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Solomon Stock Analysis
When running Solomon Technology's price analysis, check to measure Solomon 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 Solomon Technology is operating at the current time. Most of Solomon Technology's value examination focuses on studying past and present price action to predict the probability of Solomon 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 Solomon Technology's price. Additionally, you may evaluate how the addition of Solomon Technology to your portfolios can decrease your overall portfolio volatility.