Scan D (Taiwan) Market Value
| 6195 Stock | TWD 32.50 0.25 0.76% |
| Symbol | Scan |
Scan D '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 Scan D'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 Scan D.
| 12/12/2024 |
| 01/11/2025 |
If you would invest 0.00 in Scan D on December 12, 2024 and sell it all today you would earn a total of 0.00 from holding Scan D or generate 0.0% return on investment in Scan D over 30 days. Scan D is related to or competes with C Media, Wha Yu, Compal Electronics, ABC Taiwan, Top Union, I Jang, and Aerospace Industrial. Scan-D Corporation sells furniture, kitchen appliances, furnishings, and beddings in Taiwan More
Scan D 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 Scan D'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 Scan D upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 19.91 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 0.6748 |
Scan D Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scan D's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scan D's standard deviation. In reality, there are many statistical measures that can use Scan D historical prices to predict the future Scan D's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.45) |
Scan D Backtested Returns
Scan D owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12% return per unit of risk over the last 3 months. Scan D exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scan D's Variance of 3.43, coefficient of variation of (849.66), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Scan D's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scan D is expected to be smaller as well. At this point, Scan D has a negative expected return of -0.23%. Please make sure to validate Scan D's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Scan D performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Scan D has below average predictability. Overlapping area represents the amount of predictability between Scan D time series from 12th of December 2024 to 27th of December 2024 and 27th of December 2024 to 11th 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 Scan D price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Scan D price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Scan D lagged returns against current returns
Autocorrelation, which is Scan D 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 Scan D's stock expected returns. We can calculate the autocorrelation of Scan D returns to help us make a trade decision. For example, suppose you find that Scan D 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 |
Scan D 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 Scan D stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scan D stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scan D stock over time.
Current vs Lagged Prices |
| Timeline |
Scan D Lagged Returns
When evaluating Scan D's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scan D stock have on its future price. Scan D 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, Scan D autocorrelation shows the relationship between Scan D stock current value and its past values and can show if there is a momentum factor associated with investing in Scan D.
Regressed Prices |
| Timeline |
Pair Trading with Scan D
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 Scan D 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 Scan D will appreciate offsetting losses from the drop in the long position's value.Moving together with Scan Stock
| 0.66 | 8464 | Nien Made Enterprise | PairCorr |
| 0.76 | 9934 | Globe Union Industrial | PairCorr |
| 0.8 | 9935 | Ching Feng Home | PairCorr |
| 0.75 | 1626 | Airmate Cayman Inter | PairCorr |
Moving against Scan Stock
| 0.92 | 2891B | CTBC Financial Holding | PairCorr |
| 0.75 | 2891 | CTBC Financial Holding | PairCorr |
| 0.74 | 2891C | CTBC Financial Holding | PairCorr |
| 0.6 | 2888 | Shin Kong Financial | PairCorr |
| 0.58 | 2330 | Taiwan Semiconductor Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Scan D could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scan D 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 Scan D - 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 Scan D to buy it.
The correlation of Scan D 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 Scan D moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scan D 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 Scan D 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 Scan Stock Analysis
When running Scan D's price analysis, check to measure Scan D'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 Scan D is operating at the current time. Most of Scan D's value examination focuses on studying past and present price action to predict the probability of Scan D's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scan D's price. Additionally, you may evaluate how the addition of Scan D to your portfolios can decrease your overall portfolio volatility.