Sysage Technology (Taiwan) Market Value
| 6112 Stock | TWD 49.35 1.55 3.24% |
| Symbol | Sysage |
Sysage 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 Sysage 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 Sysage Technology.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sysage Technology on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sysage Technology Co or generate 0.0% return on investment in Sysage Technology over 300 days. Sysage Technology is related to or competes with Novatek Microelectronics, and United Microelectronics. SYSAGE Technology Co., Ltd. provides ICT solutions in Taiwan More
Sysage 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 Sysage 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 Sysage Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 3.75 |
Sysage Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sysage Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sysage Technology's standard deviation. In reality, there are many statistical measures that can use Sysage Technology historical prices to predict the future Sysage Technology's volatility.| Risk Adjusted Performance | 0.0043 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.05) |
Sysage Technology Backtested Returns
At this stage we consider Sysage Stock to be very steady. Sysage Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0277, which indicates the firm had a 0.0277% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Sysage Technology Co, which you can use to evaluate the volatility of the company. Please validate Sysage Technology's Risk Adjusted Performance of 0.0043, coefficient of variation of (41,490), and Variance of 3.85 to confirm if the risk estimate we provide is consistent with the expected return of 0.0572%. Sysage Technology has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sysage Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sysage Technology is expected to be smaller as well. Sysage Technology right now has a risk of 2.06%. Please validate Sysage Technology treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Sysage Technology will be following its existing price patterns.
Auto-correlation | 0.71 |
Good predictability
Sysage Technology Co has good predictability. Overlapping area represents the amount of predictability between Sysage Technology time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 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 Sysage Technology price movement. The serial correlation of 0.71 indicates that around 71.0% of current Sysage Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 65.89 |
Sysage Technology lagged returns against current returns
Autocorrelation, which is Sysage 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 Sysage Technology's stock expected returns. We can calculate the autocorrelation of Sysage Technology returns to help us make a trade decision. For example, suppose you find that Sysage 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 |
Sysage 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 Sysage Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sysage Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sysage Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Sysage Technology Lagged Returns
When evaluating Sysage Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sysage Technology stock have on its future price. Sysage 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, Sysage Technology autocorrelation shows the relationship between Sysage Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Sysage Technology Co.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Sysage Stock Analysis
When running Sysage Technology's price analysis, check to measure Sysage 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 Sysage Technology is operating at the current time. Most of Sysage Technology's value examination focuses on studying past and present price action to predict the probability of Sysage 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 Sysage Technology's price. Additionally, you may evaluate how the addition of Sysage Technology to your portfolios can decrease your overall portfolio volatility.