Syntek Semiconductor (Taiwan) Market Value
| 5302 Stock | TWD 10.65 0.10 0.95% |
| Symbol | Syntek |
Syntek Semiconductor '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 Syntek Semiconductor'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 Syntek Semiconductor.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Syntek Semiconductor on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Syntek Semiconductor Co or generate 0.0% return on investment in Syntek Semiconductor over 360 days. Syntek Semiconductor is related to or competes with Global Unichip, Asmedia Technology, Unimicron Technology, and Novatek Microelectronics. More
Syntek Semiconductor 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 Syntek Semiconductor'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 Syntek Semiconductor Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.73 |
Syntek Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Syntek Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Syntek Semiconductor's standard deviation. In reality, there are many statistical measures that can use Syntek Semiconductor historical prices to predict the future Syntek Semiconductor's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | (0.97) |
Syntek Semiconductor Backtested Returns
Syntek Semiconductor owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Syntek Semiconductor Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Syntek Semiconductor's Coefficient Of Variation of (730.37), risk adjusted performance of (0.10), and Variance of 1.49 to confirm the risk estimate we provide. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Syntek Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Syntek Semiconductor is expected to be smaller as well. At this point, Syntek Semiconductor has a negative expected return of -0.16%. Please make sure to validate Syntek Semiconductor's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Syntek Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Syntek Semiconductor Co has weak predictability. Overlapping area represents the amount of predictability between Syntek Semiconductor time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Syntek Semiconductor price movement. The serial correlation of 0.2 indicates that over 20.0% of current Syntek Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Syntek Semiconductor lagged returns against current returns
Autocorrelation, which is Syntek Semiconductor 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 Syntek Semiconductor's stock expected returns. We can calculate the autocorrelation of Syntek Semiconductor returns to help us make a trade decision. For example, suppose you find that Syntek Semiconductor 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 |
Syntek Semiconductor 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 Syntek Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Syntek Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Syntek Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Syntek Semiconductor Lagged Returns
When evaluating Syntek Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Syntek Semiconductor stock have on its future price. Syntek Semiconductor 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, Syntek Semiconductor autocorrelation shows the relationship between Syntek Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Syntek Semiconductor Co.
Regressed Prices |
| Timeline |
Pair Trading with Syntek Semiconductor
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 Syntek Semiconductor 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 Syntek Semiconductor will appreciate offsetting losses from the drop in the long position's value.Moving together with Syntek Stock
Moving against Syntek Stock
| 0.64 | 2891 | CTBC Financial Holding | PairCorr |
| 0.64 | 2891B | CTBC Financial Holding | PairCorr |
| 0.58 | 2883 | China Development Earnings Call This Week | PairCorr |
| 0.46 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.41 | 3443 | Global Unichip Corp | PairCorr |
The ability to find closely correlated positions to Syntek Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Syntek Semiconductor 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 Syntek Semiconductor - 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 Syntek Semiconductor Co to buy it.
The correlation of Syntek Semiconductor 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 Syntek Semiconductor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Syntek Semiconductor 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 Syntek Semiconductor 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 Syntek Stock Analysis
When running Syntek Semiconductor's price analysis, check to measure Syntek Semiconductor'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 Syntek Semiconductor is operating at the current time. Most of Syntek Semiconductor's value examination focuses on studying past and present price action to predict the probability of Syntek Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Syntek Semiconductor's price. Additionally, you may evaluate how the addition of Syntek Semiconductor to your portfolios can decrease your overall portfolio volatility.