Shin Zu (Taiwan) Market Value
| 3376 Stock | TWD 195.00 6.00 3.17% |
| Symbol | Shin |
Shin Zu '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 Shin Zu'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 Shin Zu.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Shin Zu on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Shin Zu Shing or generate 0.0% return on investment in Shin Zu over 600 days. Shin Zu is related to or competes with Catcher Technology, Tripod Technology, Chicony Electronics, Kinsus Interconnect, and Wistron Corp. Shin Zu Shing Co., Ltd. manufactures and sells precision springs, stamped parts, and hinge assemblies in Taiwan More
Shin Zu 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 Shin Zu'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 Shin Zu Shing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 14.45 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 4.27 |
Shin Zu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shin Zu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shin Zu's standard deviation. In reality, there are many statistical measures that can use Shin Zu historical prices to predict the future Shin Zu's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.20) |
Shin Zu Shing Backtested Returns
Shin Zu Shing owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0545, which indicates the firm had a -0.0545% return per unit of risk over the last 3 months. Shin Zu Shing exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shin Zu's Coefficient Of Variation of (1,319), variance of 9.52, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of 1.23, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Shin Zu will likely underperform. At this point, Shin Zu Shing has a negative expected return of -0.16%. Please make sure to validate Shin Zu's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Shin Zu Shing performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Shin Zu Shing has weak reverse predictability. Overlapping area represents the amount of predictability between Shin Zu time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd 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 Shin Zu Shing price movement. The serial correlation of -0.25 indicates that over 25.0% of current Shin Zu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 599.96 |
Shin Zu Shing lagged returns against current returns
Autocorrelation, which is Shin Zu 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 Shin Zu's stock expected returns. We can calculate the autocorrelation of Shin Zu returns to help us make a trade decision. For example, suppose you find that Shin Zu 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 |
Shin Zu 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 Shin Zu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shin Zu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shin Zu stock over time.
Current vs Lagged Prices |
| Timeline |
Shin Zu Lagged Returns
When evaluating Shin Zu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shin Zu stock have on its future price. Shin Zu 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, Shin Zu autocorrelation shows the relationship between Shin Zu stock current value and its past values and can show if there is a momentum factor associated with investing in Shin Zu Shing.
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 Shin Stock Analysis
When running Shin Zu's price analysis, check to measure Shin Zu'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 Shin Zu is operating at the current time. Most of Shin Zu's value examination focuses on studying past and present price action to predict the probability of Shin Zu's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Zu's price. Additionally, you may evaluate how the addition of Shin Zu to your portfolios can decrease your overall portfolio volatility.