Sino American (Taiwan) Market Value
| 5483 Stock | TWD 160.50 1.50 0.93% |
| Symbol | Sino |
Sino American '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 Sino American'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 Sino American.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Sino American on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Sino American Silicon Products or generate 0.0% return on investment in Sino American over 30 days. Sino American is related to or competes with Para Light, ANJI Technology, Aiptek International, and General Interface. Sino-American Silicon Products Inc. engages in the research and development, design, manufacture, and sale of semiconduc... More
Sino American 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 Sino American'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 Sino American Silicon Products upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 7.29 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 1.62 |
Sino American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sino American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sino American's standard deviation. In reality, there are many statistical measures that can use Sino American historical prices to predict the future Sino American's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (1.58) |
Sino American Silicon Backtested Returns
Sino American Silicon 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. Sino American Silicon Products exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sino American's Risk Adjusted Performance of (0.16), coefficient of variation of (468.48), and Variance of 2.12 to confirm the risk estimate we provide. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sino American's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sino American is expected to be smaller as well. At this point, Sino American Silicon has a negative expected return of -0.32%. Please make sure to validate Sino American's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Sino American Silicon performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Sino American Silicon Products has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sino American time series from 25th of October 2024 to 9th of November 2024 and 9th of November 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 Sino American Silicon price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Sino American price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 2.26 |
Sino American Silicon lagged returns against current returns
Autocorrelation, which is Sino American 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 Sino American's stock expected returns. We can calculate the autocorrelation of Sino American returns to help us make a trade decision. For example, suppose you find that Sino American 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 |
Sino American 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 Sino American stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sino American stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sino American stock over time.
Current vs Lagged Prices |
| Timeline |
Sino American Lagged Returns
When evaluating Sino American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sino American stock have on its future price. Sino American 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, Sino American autocorrelation shows the relationship between Sino American stock current value and its past values and can show if there is a momentum factor associated with investing in Sino American Silicon Products.
Regressed Prices |
| Timeline |
Pair Trading with Sino American
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 Sino American 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 Sino American will appreciate offsetting losses from the drop in the long position's value.Moving together with Sino Stock
| 0.86 | 6239 | Powertech Technology | PairCorr |
| 0.85 | 3532 | Formosa Sumco Technology | PairCorr |
| 0.81 | 3035 | Faraday Technology Corp | PairCorr |
Moving against Sino Stock
| 0.9 | 1235 | Shin Tai Industry Split | PairCorr |
| 0.8 | 5434 | Topco Scientific | PairCorr |
| 0.8 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.75 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.75 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Sino American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sino American 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 Sino American - 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 Sino American Silicon Products to buy it.
The correlation of Sino American 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 Sino American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sino American Silicon 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 Sino American 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 Sino Stock Analysis
When running Sino American's price analysis, check to measure Sino American'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 Sino American is operating at the current time. Most of Sino American's value examination focuses on studying past and present price action to predict the probability of Sino American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sino American's price. Additionally, you may evaluate how the addition of Sino American to your portfolios can decrease your overall portfolio volatility.