Simplo Technology (Taiwan) Market Value
| 6121 Stock | TWD 387.00 22.00 6.03% |
| Symbol | Simplo |
Simplo 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 Simplo 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 Simplo Technology.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Simplo Technology on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Simplo Technology Co or generate 0.0% return on investment in Simplo Technology over 720 days. Simplo Technology is related to or competes with Walsin Lihwa, Ta Ya, Hiwin Mikrosystem, Amtran Technology, Allis Electric, and P Duke. Simplo Technology Co., Ltd. develops, produces, and sells battery packs worldwide More
Simplo 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 Simplo 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 Simplo Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.26 | |||
| Value At Risk | (2.39) | |||
| Potential Upside | 4.08 |
Simplo Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simplo Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simplo Technology's standard deviation. In reality, there are many statistical measures that can use Simplo Technology historical prices to predict the future Simplo Technology's volatility.| Risk Adjusted Performance | 0.0312 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0917 |
Simplo Technology Backtested Returns
At this stage we consider Simplo Stock to be very steady. Simplo Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0436, which indicates the firm had a 0.0436% return per unit of risk over the last 3 months. We have found thirty technical indicators for Simplo Technology Co, which you can use to evaluate the volatility of the company. Please validate Simplo Technology's Risk Adjusted Performance of 0.0312, coefficient of variation of 3060.16, and Semi Deviation of 1.47 to confirm if the risk estimate we provide is consistent with the expected return of 0.0878%. Simplo Technology has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Simplo Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Simplo Technology is expected to be smaller as well. Simplo Technology right now has a risk of 2.01%. Please validate Simplo Technology standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Simplo Technology will be following its existing price patterns.
Auto-correlation | -0.53 |
Good reverse predictability
Simplo Technology Co has good reverse predictability. Overlapping area represents the amount of predictability between Simplo Technology time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 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 Simplo Technology price movement. The serial correlation of -0.53 indicates that about 53.0% of current Simplo Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 1304.16 |
Simplo Technology lagged returns against current returns
Autocorrelation, which is Simplo 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 Simplo Technology's stock expected returns. We can calculate the autocorrelation of Simplo Technology returns to help us make a trade decision. For example, suppose you find that Simplo 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 |
Simplo 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 Simplo Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simplo Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simplo Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Simplo Technology Lagged Returns
When evaluating Simplo Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simplo Technology stock have on its future price. Simplo 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, Simplo Technology autocorrelation shows the relationship between Simplo Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Simplo Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with Simplo Technology
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 Simplo Technology 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 Simplo Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Simplo Stock
The ability to find closely correlated positions to Simplo Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Simplo Technology 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 Simplo Technology - 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 Simplo Technology Co to buy it.
The correlation of Simplo Technology 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 Simplo Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Simplo Technology 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 Simplo Technology 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 Simplo Stock Analysis
When running Simplo Technology's price analysis, check to measure Simplo 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 Simplo Technology is operating at the current time. Most of Simplo Technology's value examination focuses on studying past and present price action to predict the probability of Simplo 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 Simplo Technology's price. Additionally, you may evaluate how the addition of Simplo Technology to your portfolios can decrease your overall portfolio volatility.