Sun Sea (Taiwan) Market Value
| 5516 Stock | TWD 18.30 0.55 2.92% |
| Symbol | Sun |
Sun Sea '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 Sun Sea'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 Sun Sea.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Sun Sea on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Sun Sea Construction or generate 0.0% return on investment in Sun Sea over 30 days. Sun Sea is related to or competes with Thinking Electronic, Orient Semiconductor, Vanguard International, C Media, Mospec Semiconductor, Bright Led, and Realtek Semiconductor. Sun-Sea Construction Corporation engages in the construction business in Taiwan More
Sun Sea 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 Sun Sea'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 Sun Sea Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.0303 | |||
| Maximum Drawdown | 8.96 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.17 |
Sun Sea Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Sea's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Sea's standard deviation. In reality, there are many statistical measures that can use Sun Sea historical prices to predict the future Sun Sea's volatility.| Risk Adjusted Performance | 0.0447 | |||
| Jensen Alpha | 0.0648 | |||
| Total Risk Alpha | 0.0316 | |||
| Sortino Ratio | 0.0239 | |||
| Treynor Ratio | 0.1758 |
Sun Sea Construction Backtested Returns
At this stage we consider Sun Stock to be not too volatile. Sun Sea Construction owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0757, which indicates the firm had a 0.0757 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sun Sea Construction, which you can use to evaluate the volatility of the company. Please validate Sun Sea's Coefficient Of Variation of 2115.59, semi deviation of 1.61, and Risk Adjusted Performance of 0.0447 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. Sun Sea has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sun Sea's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sun Sea is expected to be smaller as well. Sun Sea Construction right now has a risk of 1.75%. Please validate Sun Sea information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Sun Sea will be following its existing price patterns.
Auto-correlation | -0.58 |
Good reverse predictability
Sun Sea Construction has good reverse predictability. Overlapping area represents the amount of predictability between Sun Sea time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sun Sea Construction price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Sun Sea price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Sun Sea Construction lagged returns against current returns
Autocorrelation, which is Sun Sea 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 Sun Sea's stock expected returns. We can calculate the autocorrelation of Sun Sea returns to help us make a trade decision. For example, suppose you find that Sun Sea 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 |
Sun Sea 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 Sun Sea stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Sea stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Sea stock over time.
Current vs Lagged Prices |
| Timeline |
Sun Sea Lagged Returns
When evaluating Sun Sea's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Sea stock have on its future price. Sun Sea 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, Sun Sea autocorrelation shows the relationship between Sun Sea stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Sea Construction.
Regressed Prices |
| Timeline |
Pair Trading with Sun Sea
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 Sun Sea 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 Sun Sea will appreciate offsetting losses from the drop in the long position's value.Moving together with Sun Stock
Moving against Sun Stock
| 0.83 | 9933 | CTCI Corp | PairCorr |
| 0.81 | 9945 | Ruentex Development | PairCorr |
| 0.7 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.65 | 2072 | Century Wind Power | PairCorr |
| 0.63 | 2515 | BES Engineering | PairCorr |
The ability to find closely correlated positions to Sun Sea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sun Sea 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 Sun Sea - 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 Sun Sea Construction to buy it.
The correlation of Sun Sea 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 Sun Sea moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sun Sea Construction 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 Sun Sea 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 Sun Stock Analysis
When running Sun Sea's price analysis, check to measure Sun Sea'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 Sun Sea is operating at the current time. Most of Sun Sea's value examination focuses on studying past and present price action to predict the probability of Sun Sea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Sea's price. Additionally, you may evaluate how the addition of Sun Sea to your portfolios can decrease your overall portfolio volatility.