Sentronic International (Taiwan) Market Value
| 3232 Stock | TWD 26.05 0.30 1.14% |
| Symbol | Sentronic |
Sentronic 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 Sentronic 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 Sentronic International.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Sentronic International on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Sentronic International or generate 0.0% return on investment in Sentronic International over 720 days. Sentronic International is related to or competes with Chung Hwa, Grand Pacific, Shinkong Synthetic, Wei Chuan, Lian Hwa, Hi Lai, and Johnson Chemical. More
Sentronic 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 Sentronic 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 Sentronic International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 13.9 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.71 |
Sentronic International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sentronic International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sentronic International's standard deviation. In reality, there are many statistical measures that can use Sentronic International historical prices to predict the future Sentronic International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.4063 |
Sentronic International Backtested Returns
Sentronic International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0697, which indicates the firm had a -0.0697% return per unit of risk over the last 3 months. Sentronic International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sentronic International's Variance of 2.96, coefficient of variation of (1,434), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sentronic International are expected to decrease at a much lower rate. During the bear market, Sentronic International is likely to outperform the market. At this point, Sentronic International has a negative expected return of -0.12%. Please make sure to validate Sentronic International's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Sentronic International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Sentronic International has virtually no predictability. Overlapping area represents the amount of predictability between Sentronic International 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 Sentronic International price movement. The serial correlation of 0.02 indicates that only 2.0% of current Sentronic International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 6.84 |
Sentronic International lagged returns against current returns
Autocorrelation, which is Sentronic 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 Sentronic International's stock expected returns. We can calculate the autocorrelation of Sentronic International returns to help us make a trade decision. For example, suppose you find that Sentronic 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 |
Sentronic 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 Sentronic International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sentronic International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sentronic International stock over time.
Current vs Lagged Prices |
| Timeline |
Sentronic International Lagged Returns
When evaluating Sentronic International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sentronic International stock have on its future price. Sentronic 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, Sentronic International autocorrelation shows the relationship between Sentronic International stock current value and its past values and can show if there is a momentum factor associated with investing in Sentronic International.
Regressed Prices |
| Timeline |
Pair Trading with Sentronic International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sentronic International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sentronic International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sentronic International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sentronic International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sentronic International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sentronic International to buy it.
The correlation of Sentronic International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sentronic International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sentronic International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sentronic International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Sentronic Stock Analysis
When running Sentronic International's price analysis, check to measure Sentronic 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 Sentronic International is operating at the current time. Most of Sentronic International's value examination focuses on studying past and present price action to predict the probability of Sentronic 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 Sentronic International's price. Additionally, you may evaluate how the addition of Sentronic International to your portfolios can decrease your overall portfolio volatility.