Scientech Corp (Taiwan) Market Value
| 3583 Stock | TWD 425.00 2.00 0.47% |
| Symbol | Scientech |
Scientech Corp '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 Scientech Corp'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 Scientech Corp.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Scientech Corp on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Scientech Corp or generate 0.0% return on investment in Scientech Corp over 90 days. Scientech Corp is related to or competes with Foxsemicon Integrated, Phoenix Silicon, FocalTech Systems, Formosa Sumco, and Sitronix Technology. Scientech Corporation supplies products and services for the semiconductor, flat panel display, LED, data storage, scien... More
Scientech Corp 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 Scientech Corp'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 Scientech Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.89 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 3.79 |
Scientech Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scientech Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scientech Corp's standard deviation. In reality, there are many statistical measures that can use Scientech Corp historical prices to predict the future Scientech Corp's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.08) |
Scientech Corp Backtested Returns
Scientech Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -9.0E-4, which indicates the firm had a -9.0E-4% return per unit of risk over the last 3 months. Scientech Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scientech Corp's Coefficient Of Variation of (6,059), risk adjusted performance of (0.01), and Variance of 8.51 to confirm the risk estimate we provide. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Scientech Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scientech Corp is expected to be smaller as well. At this point, Scientech Corp has a negative expected return of -0.0026%. Please make sure to validate Scientech Corp's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Scientech Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Scientech Corp has good reverse predictability. Overlapping area represents the amount of predictability between Scientech Corp time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Scientech Corp price movement. The serial correlation of -0.55 indicates that about 55.0% of current Scientech Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 401.22 |
Scientech Corp lagged returns against current returns
Autocorrelation, which is Scientech Corp 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 Scientech Corp's stock expected returns. We can calculate the autocorrelation of Scientech Corp returns to help us make a trade decision. For example, suppose you find that Scientech Corp 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 |
Scientech Corp 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 Scientech Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scientech Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scientech Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Scientech Corp Lagged Returns
When evaluating Scientech Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scientech Corp stock have on its future price. Scientech Corp 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, Scientech Corp autocorrelation shows the relationship between Scientech Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Scientech Corp.
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 Scientech Stock Analysis
When running Scientech Corp's price analysis, check to measure Scientech Corp'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 Scientech Corp is operating at the current time. Most of Scientech Corp's value examination focuses on studying past and present price action to predict the probability of Scientech Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scientech Corp's price. Additionally, you may evaluate how the addition of Scientech Corp to your portfolios can decrease your overall portfolio volatility.