Sunonwealth Electric (Taiwan) Market Value
| 2421 Stock | TWD 105.00 6.30 6.38% |
| Symbol | Sunonwealth |
Sunonwealth Electric '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 Sunonwealth Electric'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 Sunonwealth Electric.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Sunonwealth Electric on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Sunonwealth Electric Machine or generate 0.0% return on investment in Sunonwealth Electric over 270 days. Sunonwealth Electric is related to or competes with Sunny Friend, TTET Union, ECOVE Environment, and Yulon Finance. Sunonwealth Electric Machine Industry Co., Ltd., together with its subsidiaries, manufactures and sells precision motors... More
Sunonwealth Electric 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 Sunonwealth Electric'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 Sunonwealth Electric Machine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.025 | |||
| Maximum Drawdown | 14.82 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 4.7 |
Sunonwealth Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunonwealth Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunonwealth Electric's standard deviation. In reality, there are many statistical measures that can use Sunonwealth Electric historical prices to predict the future Sunonwealth Electric's volatility.| Risk Adjusted Performance | 0.0629 | |||
| Jensen Alpha | 0.0458 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0271 | |||
| Treynor Ratio | 0.1593 |
Sunonwealth Electric Backtested Returns
At this stage we consider Sunonwealth Stock to be very steady. Sunonwealth Electric owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0585, which indicates the firm had a 0.0585% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sunonwealth Electric Machine, which you can use to evaluate the volatility of the company. Please validate Sunonwealth Electric's Risk Adjusted Performance of 0.0629, coefficient of variation of 1376.98, and Semi Deviation of 2.13 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Sunonwealth Electric has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 1.19, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sunonwealth Electric will likely underperform. Sunonwealth Electric right now has a risk of 2.79%. Please validate Sunonwealth Electric standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Sunonwealth Electric will be following its existing price patterns.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Sunonwealth Electric Machine has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sunonwealth Electric time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Sunonwealth Electric price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Sunonwealth Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 26.42 |
Sunonwealth Electric lagged returns against current returns
Autocorrelation, which is Sunonwealth Electric 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 Sunonwealth Electric's stock expected returns. We can calculate the autocorrelation of Sunonwealth Electric returns to help us make a trade decision. For example, suppose you find that Sunonwealth Electric 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 |
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Sunonwealth Electric 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 Sunonwealth Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunonwealth Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunonwealth Electric stock over time.
Current vs Lagged Prices |
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Sunonwealth Electric Lagged Returns
When evaluating Sunonwealth Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunonwealth Electric stock have on its future price. Sunonwealth Electric 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, Sunonwealth Electric autocorrelation shows the relationship between Sunonwealth Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Sunonwealth Electric Machine.
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 Sunonwealth Stock Analysis
When running Sunonwealth Electric's price analysis, check to measure Sunonwealth Electric'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 Sunonwealth Electric is operating at the current time. Most of Sunonwealth Electric's value examination focuses on studying past and present price action to predict the probability of Sunonwealth Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunonwealth Electric's price. Additionally, you may evaluate how the addition of Sunonwealth Electric to your portfolios can decrease your overall portfolio volatility.