Shining Building (Taiwan) Market Value
| 5531 Stock | TWD 11.20 0.50 4.27% |
| Symbol | Shining |
Shining Building '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 Shining Building'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 Shining Building.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Shining Building on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Shining Building Business or generate 0.0% return on investment in Shining Building over 720 days. Shining Building is related to or competes with Farglory Land, Radium Life, Huaku Development, Chong Hong, and Huang Hsiang. Shining Building Business Co., Ltd. engages in the subcontract construction, leasing, and sale of commercial buildings a... More
Shining Building 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 Shining Building'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 Shining Building Business upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.0154 | |||
| Maximum Drawdown | 6.2 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.96 |
Shining Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shining Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shining Building's standard deviation. In reality, there are many statistical measures that can use Shining Building historical prices to predict the future Shining Building's volatility.| Risk Adjusted Performance | 0.0628 | |||
| Jensen Alpha | 0.1096 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0178 | |||
| Treynor Ratio | 0.6973 |
Shining Building Business Backtested Returns
At this stage we consider Shining Stock to be out of control. Shining Building Business owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0743, which indicates the firm had a 0.0743% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shining Building Business, which you can use to evaluate the volatility of the company. Please validate Shining Building's Semi Deviation of 1.3, coefficient of variation of 1339.83, and Risk Adjusted Performance of 0.0628 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Shining Building has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shining Building's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shining Building is expected to be smaller as well. Shining Building Business right now has a risk of 1.93%. Please validate Shining Building downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Shining Building will be following its existing price patterns.
Auto-correlation | 0.57 |
Modest predictability
Shining Building Business has modest predictability. Overlapping area represents the amount of predictability between Shining Building time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Shining Building Business price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Shining Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Shining Building Business lagged returns against current returns
Autocorrelation, which is Shining Building 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 Shining Building's stock expected returns. We can calculate the autocorrelation of Shining Building returns to help us make a trade decision. For example, suppose you find that Shining Building 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 |
Shining Building 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 Shining Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shining Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shining Building stock over time.
Current vs Lagged Prices |
| Timeline |
Shining Building Lagged Returns
When evaluating Shining Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shining Building stock have on its future price. Shining Building 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, Shining Building autocorrelation shows the relationship between Shining Building stock current value and its past values and can show if there is a momentum factor associated with investing in Shining Building Business.
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 Shining Stock Analysis
When running Shining Building's price analysis, check to measure Shining Building'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 Shining Building is operating at the current time. Most of Shining Building's value examination focuses on studying past and present price action to predict the probability of Shining Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shining Building's price. Additionally, you may evaluate how the addition of Shining Building to your portfolios can decrease your overall portfolio volatility.