Sixxon Tech (Taiwan) Market Value
| 4569 Stock | 221.00 7.00 3.07% |
| Symbol | Sixxon |
Sixxon Tech '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 Sixxon Tech'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 Sixxon Tech.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Sixxon Tech on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Sixxon Tech Co or generate 0.0% return on investment in Sixxon Tech over 720 days.
Sixxon Tech 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 Sixxon Tech'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 Sixxon Tech Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.77 | |||
| Information Ratio | 0.222 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (8.32) | |||
| Potential Upside | 9.93 |
Sixxon Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sixxon Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sixxon Tech's standard deviation. In reality, there are many statistical measures that can use Sixxon Tech historical prices to predict the future Sixxon Tech's volatility.| Risk Adjusted Performance | 0.1959 | |||
| Jensen Alpha | 1.6 | |||
| Total Risk Alpha | 0.517 | |||
| Sortino Ratio | 0.2614 | |||
| Treynor Ratio | (0.66) |
Sixxon Tech Backtested Returns
Sixxon Tech is very steady given 3 months investment horizon. Sixxon Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. We are able to interpolate and break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.29% are justified by taking the suggested risk. Use Sixxon Tech Coefficient Of Variation of 409.23, semi deviation of 3.81, and Risk Adjusted Performance of 0.1959 to evaluate company specific risk that cannot be diversified away. Sixxon Tech holds a performance score of 17 on a scale of zero to a hundred. The entity has a beta of -2.06, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sixxon Tech are expected to decrease by larger amounts. On the other hand, during market turmoil, Sixxon Tech is expected to outperform it. Use Sixxon Tech total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Sixxon Tech.
Auto-correlation | -0.52 |
Good reverse predictability
Sixxon Tech Co has good reverse predictability. Overlapping area represents the amount of predictability between Sixxon Tech time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Sixxon Tech price movement. The serial correlation of -0.52 indicates that about 52.0% of current Sixxon Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 5.94 |
Sixxon Tech lagged returns against current returns
Autocorrelation, which is Sixxon Tech 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 Sixxon Tech's stock expected returns. We can calculate the autocorrelation of Sixxon Tech returns to help us make a trade decision. For example, suppose you find that Sixxon Tech 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 |
Sixxon Tech 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 Sixxon Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sixxon Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sixxon Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Sixxon Tech Lagged Returns
When evaluating Sixxon Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sixxon Tech stock have on its future price. Sixxon Tech 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, Sixxon Tech autocorrelation shows the relationship between Sixxon Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Sixxon Tech Co.
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 Sixxon Stock Analysis
When running Sixxon Tech's price analysis, check to measure Sixxon Tech'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 Sixxon Tech is operating at the current time. Most of Sixxon Tech's value examination focuses on studying past and present price action to predict the probability of Sixxon Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sixxon Tech's price. Additionally, you may evaluate how the addition of Sixxon Tech to your portfolios can decrease your overall portfolio volatility.