Sinopac Financial (Taiwan) Market Value
| 2890 Stock | TWD 22.70 0.40 1.73% |
| Symbol | Sinopac |
Sinopac Financial '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 Sinopac Financial'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 Sinopac Financial.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Sinopac Financial on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Sinopac Financial Holdings or generate 0.0% return on investment in Sinopac Financial over 30 days. Sinopac Financial is related to or competes with First Financial, Taishin Financial, CTBC Financial, Mega Financial, and China Development. SinoPac Financial Holdings Company Limited, through its subsidiaries, provides banking, securities, investment trust, le... More
Sinopac Financial 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 Sinopac Financial'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 Sinopac Financial Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 6.36 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.71 |
Sinopac Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinopac Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinopac Financial's standard deviation. In reality, there are many statistical measures that can use Sinopac Financial historical prices to predict the future Sinopac Financial's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 1.26 |
Sinopac Financial Backtested Returns
Sinopac Financial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.088, which indicates the firm had a -0.088% return per unit of risk over the last 3 months. Sinopac Financial Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sinopac Financial's Variance of 1.54, coefficient of variation of (792.96), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sinopac Financial are expected to decrease at a much lower rate. During the bear market, Sinopac Financial is likely to outperform the market. At this point, Sinopac Financial has a negative expected return of -0.11%. Please make sure to validate Sinopac Financial's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Sinopac Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Sinopac Financial Holdings has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sinopac Financial time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Sinopac Financial price movement. The serial correlation of -0.19 indicates that over 19.0% of current Sinopac Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Sinopac Financial lagged returns against current returns
Autocorrelation, which is Sinopac Financial 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 Sinopac Financial's stock expected returns. We can calculate the autocorrelation of Sinopac Financial returns to help us make a trade decision. For example, suppose you find that Sinopac Financial 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 |
Sinopac Financial 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 Sinopac Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinopac Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinopac Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Sinopac Financial Lagged Returns
When evaluating Sinopac Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinopac Financial stock have on its future price. Sinopac Financial 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, Sinopac Financial autocorrelation shows the relationship between Sinopac Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Sinopac Financial Holdings.
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 Sinopac Stock Analysis
When running Sinopac Financial's price analysis, check to measure Sinopac Financial'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 Sinopac Financial is operating at the current time. Most of Sinopac Financial's value examination focuses on studying past and present price action to predict the probability of Sinopac Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sinopac Financial's price. Additionally, you may evaluate how the addition of Sinopac Financial to your portfolios can decrease your overall portfolio volatility.