Syscom Computer (Taiwan) Market Value
| 2453 Stock | TWD 52.60 0.60 1.15% |
| Symbol | Syscom |
Syscom Computer '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 Syscom Computer'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 Syscom Computer.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Syscom Computer on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Syscom Computer Engineering or generate 0.0% return on investment in Syscom Computer over 720 days. Syscom Computer is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Syscom Computer Engineering Co. provides information technology services worldwide More
Syscom Computer 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 Syscom Computer'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 Syscom Computer Engineering upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 16.09 | |||
| Value At Risk | (3.95) | |||
| Potential Upside | 2.1 |
Syscom Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Syscom Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Syscom Computer's standard deviation. In reality, there are many statistical measures that can use Syscom Computer historical prices to predict the future Syscom Computer's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (1.57) |
Syscom Computer Engi Backtested Returns
Syscom Computer Engi owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0412, which indicates the firm had a -0.0412% return per unit of risk over the last 3 months. Syscom Computer Engineering exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Syscom Computer's Risk Adjusted Performance of (0.03), coefficient of variation of (2,129), and Variance of 4.67 to confirm the risk estimate we provide. The entity has a beta of 0.071, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Syscom Computer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Syscom Computer is expected to be smaller as well. At this point, Syscom Computer Engi has a negative expected return of -0.0901%. Please make sure to validate Syscom Computer's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Syscom Computer Engi performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Syscom Computer Engineering has average predictability. Overlapping area represents the amount of predictability between Syscom Computer time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Syscom Computer Engi price movement. The serial correlation of 0.49 indicates that about 49.0% of current Syscom Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 18.71 |
Syscom Computer Engi lagged returns against current returns
Autocorrelation, which is Syscom Computer 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 Syscom Computer's stock expected returns. We can calculate the autocorrelation of Syscom Computer returns to help us make a trade decision. For example, suppose you find that Syscom Computer 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 |
Syscom Computer 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 Syscom Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Syscom Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Syscom Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Syscom Computer Lagged Returns
When evaluating Syscom Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Syscom Computer stock have on its future price. Syscom Computer 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, Syscom Computer autocorrelation shows the relationship between Syscom Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Syscom Computer Engineering.
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 Syscom Stock Analysis
When running Syscom Computer's price analysis, check to measure Syscom Computer'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 Syscom Computer is operating at the current time. Most of Syscom Computer's value examination focuses on studying past and present price action to predict the probability of Syscom Computer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Syscom Computer's price. Additionally, you may evaluate how the addition of Syscom Computer to your portfolios can decrease your overall portfolio volatility.