Sysgration (Taiwan) Market Value
| 5309 Stock | TWD 49.60 4.50 9.98% |
| Symbol | Sysgration |
Sysgration '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 Sysgration'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 Sysgration.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Sysgration on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Sysgration or generate 0.0% return on investment in Sysgration over 720 days. Sysgration is related to or competes with Integrated Service, ASE Industrial, EMemory Technology, and King Yuan. More
Sysgration 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 Sysgration'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 Sysgration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.02 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 5.37 |
Sysgration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sysgration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sysgration's standard deviation. In reality, there are many statistical measures that can use Sysgration historical prices to predict the future Sysgration's volatility.| Risk Adjusted Performance | 0.025 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0902 |
Sysgration Backtested Returns
Sysgration appears to be very steady, given 3 months investment horizon. Sysgration owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sysgration, which you can use to evaluate the volatility of the company. Please review Sysgration's Coefficient Of Variation of 4332.22, semi deviation of 1.85, and Risk Adjusted Performance of 0.025 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sysgration holds a performance score of 10. The entity has a beta of 0.61, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sysgration's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sysgration is expected to be smaller as well. Please check Sysgration's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Sysgration's existing price patterns will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
Sysgration has modest reverse predictability. Overlapping area represents the amount of predictability between Sysgration time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Sysgration price movement. The serial correlation of -0.47 indicates that about 47.0% of current Sysgration price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 7.22 |
Sysgration lagged returns against current returns
Autocorrelation, which is Sysgration 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 Sysgration's stock expected returns. We can calculate the autocorrelation of Sysgration returns to help us make a trade decision. For example, suppose you find that Sysgration 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 |
Sysgration 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 Sysgration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sysgration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sysgration stock over time.
Current vs Lagged Prices |
| Timeline |
Sysgration Lagged Returns
When evaluating Sysgration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sysgration stock have on its future price. Sysgration 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, Sysgration autocorrelation shows the relationship between Sysgration stock current value and its past values and can show if there is a momentum factor associated with investing in Sysgration.
Regressed Prices |
| Timeline |
Pair Trading with Sysgration
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 Sysgration 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 Sysgration will appreciate offsetting losses from the drop in the long position's value.Moving against Sysgration Stock
The ability to find closely correlated positions to Sysgration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sysgration 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 Sysgration - 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 Sysgration to buy it.
The correlation of Sysgration 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 Sysgration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sysgration 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 Sysgration 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 Sysgration Stock Analysis
When running Sysgration's price analysis, check to measure Sysgration'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 Sysgration is operating at the current time. Most of Sysgration's value examination focuses on studying past and present price action to predict the probability of Sysgration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sysgration's price. Additionally, you may evaluate how the addition of Sysgration to your portfolios can decrease your overall portfolio volatility.