Senao International (Taiwan) Market Value
| 2450 Stock | TWD 35.10 0.10 0.29% |
| Symbol | Senao |
Senao International '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 Senao International'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 Senao International.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Senao International on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Senao International Co or generate 0.0% return on investment in Senao International over 360 days. Senao International is related to or competes with Taiwan Semiconductor, Hon Hai, MediaTek, Chunghwa Telecom, Chailease Holding, Delta Electronics, and Formosa Petrochemical. Senao International Co., Ltd. provides mobile handheld devices for various distributors in China More
Senao International 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 Senao International'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 Senao International Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 3.21 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 0.8584 |
Senao International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Senao International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Senao International's standard deviation. In reality, there are many statistical measures that can use Senao International historical prices to predict the future Senao International's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.44) |
Senao International Backtested Returns
Senao International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.066, which indicates the firm had a -0.066% return per unit of risk over the last 3 months. Senao International Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Senao International's Coefficient Of Variation of (2,224), risk adjusted performance of (0.04), and Variance of 0.2906 to confirm the risk estimate we provide. The entity has a beta of 0.0787, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Senao International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Senao International is expected to be smaller as well. At this point, Senao International has a negative expected return of -0.0359%. Please make sure to validate Senao International's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Senao International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Senao International Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Senao International time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 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 Senao International price movement. The serial correlation of -0.18 indicates that over 18.0% of current Senao International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 2.47 |
Senao International lagged returns against current returns
Autocorrelation, which is Senao International 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 Senao International's stock expected returns. We can calculate the autocorrelation of Senao International returns to help us make a trade decision. For example, suppose you find that Senao International 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 |
Senao International 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 Senao International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Senao International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Senao International stock over time.
Current vs Lagged Prices |
| Timeline |
Senao International Lagged Returns
When evaluating Senao International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Senao International stock have on its future price. Senao International 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, Senao International autocorrelation shows the relationship between Senao International stock current value and its past values and can show if there is a momentum factor associated with investing in Senao International 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 Senao Stock Analysis
When running Senao International's price analysis, check to measure Senao International'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 Senao International is operating at the current time. Most of Senao International's value examination focuses on studying past and present price action to predict the probability of Senao International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Senao International's price. Additionally, you may evaluate how the addition of Senao International to your portfolios can decrease your overall portfolio volatility.