Singatron Enterprise (Taiwan) Market Value
| 6126 Stock | TWD 31.85 0.15 0.47% |
| Symbol | Singatron |
Singatron Enterprise '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 Singatron Enterprise'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 Singatron Enterprise.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Singatron Enterprise on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Singatron Enterprise Co or generate 0.0% return on investment in Singatron Enterprise over 180 days. Singatron Enterprise is related to or competes with Advantech, IEI Integration, Flytech Technology, and ADLINK Technology. More
Singatron Enterprise 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 Singatron Enterprise'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 Singatron Enterprise Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.92 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 6.89 |
Singatron Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Singatron Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Singatron Enterprise's standard deviation. In reality, there are many statistical measures that can use Singatron Enterprise historical prices to predict the future Singatron Enterprise's volatility.| Risk Adjusted Performance | 0.0029 | |||
| Jensen Alpha | 0.0615 | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.0373 |
Singatron Enterprise Backtested Returns
Singatron Enterprise owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0084, which indicates the firm had a -0.0084% return per unit of risk over the last 3 months. Singatron Enterprise Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Singatron Enterprise's Risk Adjusted Performance of 0.0029, coefficient of variation of (16,758), and Variance of 9.29 to confirm the risk estimate we provide. The entity has a beta of -0.76, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Singatron Enterprise are expected to decrease at a much lower rate. During the bear market, Singatron Enterprise is likely to outperform the market. At this point, Singatron Enterprise has a negative expected return of -0.0263%. Please make sure to validate Singatron Enterprise's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Singatron Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.45 |
Average predictability
Singatron Enterprise Co has average predictability. Overlapping area represents the amount of predictability between Singatron Enterprise time series from 30th of May 2024 to 28th of August 2024 and 28th of August 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 Singatron Enterprise price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Singatron Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 2.81 |
Singatron Enterprise lagged returns against current returns
Autocorrelation, which is Singatron Enterprise 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 Singatron Enterprise's stock expected returns. We can calculate the autocorrelation of Singatron Enterprise returns to help us make a trade decision. For example, suppose you find that Singatron Enterprise 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 |
Singatron Enterprise 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 Singatron Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Singatron Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Singatron Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Singatron Enterprise Lagged Returns
When evaluating Singatron Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Singatron Enterprise stock have on its future price. Singatron Enterprise 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, Singatron Enterprise autocorrelation shows the relationship between Singatron Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Singatron Enterprise Co.
Regressed Prices |
| Timeline |
Pair Trading with Singatron Enterprise
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 Singatron Enterprise 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 Singatron Enterprise will appreciate offsetting losses from the drop in the long position's value.Moving against Singatron Stock
The ability to find closely correlated positions to Singatron Enterprise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Singatron Enterprise 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 Singatron Enterprise - 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 Singatron Enterprise Co to buy it.
The correlation of Singatron Enterprise 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 Singatron Enterprise moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Singatron Enterprise 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 Singatron Enterprise 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 Singatron Stock Analysis
When running Singatron Enterprise's price analysis, check to measure Singatron Enterprise'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 Singatron Enterprise is operating at the current time. Most of Singatron Enterprise's value examination focuses on studying past and present price action to predict the probability of Singatron Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Singatron Enterprise's price. Additionally, you may evaluate how the addition of Singatron Enterprise to your portfolios can decrease your overall portfolio volatility.