Senao Networks (Taiwan) Market Value
| 3558 Stock | TWD 208.50 1.50 0.72% |
| Symbol | Senao |
Senao Networks '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 Senao Networks' 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 Senao Networks.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Senao Networks on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Senao Networks or generate 0.0% return on investment in Senao Networks over 30 days. Senao Networks is related to or competes with Group Up, Wiwynn Corp, Senao International, San Neng, and Trusval Technology. Senao Networks, Inc. researches, develops, designs, manufactures, and sells wireless communication products in Taiwan, t... More
Senao Networks 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 Senao Networks' 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 Senao Networks upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.0868 | |||
| Maximum Drawdown | 14.52 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 6.83 |
Senao Networks Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Senao Networks' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Senao Networks' standard deviation. In reality, there are many statistical measures that can use Senao Networks historical prices to predict the future Senao Networks' volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.3298 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.104 | |||
| Treynor Ratio | 0.6338 |
Senao Networks Backtested Returns
Senao Networks appears to be very steady, given 3 months investment horizon. Senao Networks owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Senao Networks, which you can use to evaluate the volatility of the company. Please review Senao Networks' Coefficient Of Variation of 791.91, semi deviation of 2.39, and Risk Adjusted Performance of 0.1042 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Senao Networks holds a performance score of 11. The entity has a beta of 0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Senao Networks' returns are expected to increase less than the market. However, during the bear market, the loss of holding Senao Networks is expected to be smaller as well. Please check Senao Networks' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Senao Networks' existing price patterns will revert.
Auto-correlation | 0.92 |
Excellent predictability
Senao Networks has excellent predictability. Overlapping area represents the amount of predictability between Senao Networks time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Senao Networks price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Senao Networks price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 118.06 |
Senao Networks lagged returns against current returns
Autocorrelation, which is Senao Networks 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 Senao Networks' stock expected returns. We can calculate the autocorrelation of Senao Networks returns to help us make a trade decision. For example, suppose you find that Senao Networks 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 |
Senao Networks 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 Senao Networks stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Senao Networks stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Senao Networks stock over time.
Current vs Lagged Prices |
| Timeline |
Senao Networks Lagged Returns
When evaluating Senao Networks' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Senao Networks stock have on its future price. Senao Networks 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, Senao Networks autocorrelation shows the relationship between Senao Networks stock current value and its past values and can show if there is a momentum factor associated with investing in Senao Networks.
Regressed Prices |
| Timeline |
Pair Trading with Senao Networks
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 Senao Networks 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 Senao Networks will appreciate offsetting losses from the drop in the long position's value.Moving against Senao Stock
| 0.8 | 2474 | Catcher Technology | PairCorr |
| 0.53 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.41 | 2327 | Yageo Corp | PairCorr |
| 0.39 | 4966 | Parade Technologies | PairCorr |
The ability to find closely correlated positions to Senao Networks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Senao Networks 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 Senao Networks - 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 Senao Networks to buy it.
The correlation of Senao Networks 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 Senao Networks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Senao Networks 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 Senao Networks 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 Senao Stock Analysis
When running Senao Networks' price analysis, check to measure Senao Networks' 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 Senao Networks is operating at the current time. Most of Senao Networks' value examination focuses on studying past and present price action to predict the probability of Senao Networks' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Senao Networks' price. Additionally, you may evaluate how the addition of Senao Networks to your portfolios can decrease your overall portfolio volatility.