Sonix Technology (Taiwan) Market Value
| 5471 Stock | TWD 41.85 0.40 0.95% |
| Symbol | Sonix |
Sonix Technology '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 Sonix Technology'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 Sonix Technology.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Sonix Technology on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Sonix Technology Co or generate 0.0% return on investment in Sonix Technology over 180 days. Sonix Technology is related to or competes with United Microelectronics, and Winbond Electronics. Sonix Technology Co., Ltd. designs, develops, manufactures, and sells integrated circuits worldwide More
Sonix Technology 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 Sonix Technology'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 Sonix Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.55 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 2.39 |
Sonix Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sonix Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sonix Technology's standard deviation. In reality, there are many statistical measures that can use Sonix Technology historical prices to predict the future Sonix Technology's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.57) |
Sonix Technology Backtested Returns
Sonix Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0797, which indicates the firm had a -0.0797% return per unit of risk over the last 3 months. Sonix Technology Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sonix Technology's Risk Adjusted Performance of (0.05), coefficient of variation of (1,326), and Variance of 2.5 to confirm the risk estimate we provide. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sonix Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sonix Technology is expected to be smaller as well. At this point, Sonix Technology has a negative expected return of -0.13%. Please make sure to validate Sonix Technology's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Sonix Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Sonix Technology Co has weak reverse predictability. Overlapping area represents the amount of predictability between Sonix Technology time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Sonix Technology price movement. The serial correlation of -0.23 indicates that over 23.0% of current Sonix Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 |
Sonix Technology lagged returns against current returns
Autocorrelation, which is Sonix Technology 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 Sonix Technology's stock expected returns. We can calculate the autocorrelation of Sonix Technology returns to help us make a trade decision. For example, suppose you find that Sonix Technology 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 |
Sonix Technology 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 Sonix Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sonix Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sonix Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Sonix Technology Lagged Returns
When evaluating Sonix Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sonix Technology stock have on its future price. Sonix Technology 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, Sonix Technology autocorrelation shows the relationship between Sonix Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Sonix Technology 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 Sonix Stock Analysis
When running Sonix Technology's price analysis, check to measure Sonix Technology'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 Sonix Technology is operating at the current time. Most of Sonix Technology's value examination focuses on studying past and present price action to predict the probability of Sonix Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sonix Technology's price. Additionally, you may evaluate how the addition of Sonix Technology to your portfolios can decrease your overall portfolio volatility.