Shenmao Technology (Taiwan) Market Value
| 3305 Stock | TWD 63.50 2.00 3.05% |
| Symbol | Shenmao |
Shenmao Technology '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 Shenmao Technology'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 Shenmao Technology.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Shenmao Technology on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Shenmao Technology or generate 0.0% return on investment in Shenmao Technology over 30 days. Shenmao Technology is related to or competes with Arcadyan Technology, Asia Vital, WPG Holdings, Genius Electronic, and FocalTech Systems. Shenmao Technology Inc. manufactures and sells solder materials for the electronic industry worldwide More
Shenmao Technology 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 Shenmao Technology'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 Shenmao Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.93 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 2.83 |
Shenmao Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shenmao Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shenmao Technology's standard deviation. In reality, there are many statistical measures that can use Shenmao Technology historical prices to predict the future Shenmao Technology's volatility.| Risk Adjusted Performance | 0.0207 | |||
| Jensen Alpha | 0.0295 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (1.50) |
Shenmao Technology Backtested Returns
Shenmao Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0326, which indicates the firm had a -0.0326% return per unit of risk over the last 3 months. Shenmao Technology exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shenmao Technology's Semi Deviation of 1.74, coefficient of variation of 5230.26, and Risk Adjusted Performance of 0.0207 to confirm the risk estimate we provide. The entity has a beta of -0.0182, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shenmao Technology are expected to decrease at a much lower rate. During the bear market, Shenmao Technology is likely to outperform the market. At this point, Shenmao Technology has a negative expected return of -0.0662%. Please make sure to validate Shenmao Technology's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Shenmao Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Shenmao Technology has good predictability. Overlapping area represents the amount of predictability between Shenmao Technology time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Shenmao Technology price movement. The serial correlation of 0.74 indicates that around 74.0% of current Shenmao Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1.17 |
Shenmao Technology lagged returns against current returns
Autocorrelation, which is Shenmao Technology 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 Shenmao Technology's stock expected returns. We can calculate the autocorrelation of Shenmao Technology returns to help us make a trade decision. For example, suppose you find that Shenmao Technology 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 |
Shenmao Technology 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 Shenmao Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shenmao Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shenmao Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Shenmao Technology Lagged Returns
When evaluating Shenmao Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shenmao Technology stock have on its future price. Shenmao Technology 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, Shenmao Technology autocorrelation shows the relationship between Shenmao Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Shenmao Technology.
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 Shenmao Stock Analysis
When running Shenmao Technology's price analysis, check to measure Shenmao Technology'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 Shenmao Technology is operating at the current time. Most of Shenmao Technology's value examination focuses on studying past and present price action to predict the probability of Shenmao Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shenmao Technology's price. Additionally, you may evaluate how the addition of Shenmao Technology to your portfolios can decrease your overall portfolio volatility.