Sinbon Electronics (Taiwan) Market Value
| 3023 Stock | TWD 268.00 3.00 1.13% |
| Symbol | Sinbon |
Sinbon Electronics '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 Sinbon Electronics' 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 Sinbon Electronics.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sinbon Electronics on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sinbon Electronics Co or generate 0.0% return on investment in Sinbon Electronics over 30 days. Sinbon Electronics is related to or competes with Delta Electronics, Novatek Microelectronics, Tripod Technology, BizLink Holding, and Elite Material. SINBON Electronics Co., Ltd. manufactures and sells computer peripherals, connectors, wires, and other parts in Mainland... More
Sinbon Electronics 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 Sinbon Electronics' 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 Sinbon Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 9.49 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.71 |
Sinbon Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinbon Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinbon Electronics' standard deviation. In reality, there are many statistical measures that can use Sinbon Electronics historical prices to predict the future Sinbon Electronics' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.40) |
Sinbon Electronics Backtested Returns
Sinbon Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0517, which indicates the firm had a -0.0517% return per unit of risk over the last 3 months. Sinbon Electronics Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sinbon Electronics' Coefficient Of Variation of (1,252), risk adjusted performance of (0.06), and Variance of 2.87 to confirm the risk estimate we provide. The entity has a beta of 0.36, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sinbon Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Sinbon Electronics is expected to be smaller as well. At this point, Sinbon Electronics has a negative expected return of -0.0899%. Please make sure to validate Sinbon Electronics' standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Sinbon Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Sinbon Electronics Co has virtually no predictability. Overlapping area represents the amount of predictability between Sinbon Electronics time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Sinbon Electronics price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Sinbon Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 26.02 |
Sinbon Electronics lagged returns against current returns
Autocorrelation, which is Sinbon Electronics 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 Sinbon Electronics' stock expected returns. We can calculate the autocorrelation of Sinbon Electronics returns to help us make a trade decision. For example, suppose you find that Sinbon Electronics 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 |
Sinbon Electronics 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 Sinbon Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinbon Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinbon Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Sinbon Electronics Lagged Returns
When evaluating Sinbon Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinbon Electronics stock have on its future price. Sinbon Electronics 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, Sinbon Electronics autocorrelation shows the relationship between Sinbon Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Sinbon Electronics 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 Sinbon Stock Analysis
When running Sinbon Electronics' price analysis, check to measure Sinbon Electronics' 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 Sinbon Electronics is operating at the current time. Most of Sinbon Electronics' value examination focuses on studying past and present price action to predict the probability of Sinbon Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sinbon Electronics' price. Additionally, you may evaluate how the addition of Sinbon Electronics to your portfolios can decrease your overall portfolio volatility.