Shuang Bang (Taiwan) Market Value
| 6506 Stock | TWD 18.35 0.55 3.09% |
| Symbol | Shuang |
Shuang Bang '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 Shuang Bang'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 Shuang Bang.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Shuang Bang on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Shuang Bang Industrial or generate 0.0% return on investment in Shuang Bang over 180 days. Shuang Bang is related to or competes with Delta Electronics, China Steel, Hota Industrial, Ruentex Development, Symtek Automation, CTCI Corp, and Information Technology. More
Shuang Bang 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 Shuang Bang'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 Shuang Bang Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.77 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 17.28 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 3.19 |
Shuang Bang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shuang Bang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shuang Bang's standard deviation. In reality, there are many statistical measures that can use Shuang Bang historical prices to predict the future Shuang Bang's volatility.| Risk Adjusted Performance | 0.0405 | |||
| Jensen Alpha | 0.0317 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1641 |
Shuang Bang Industrial Backtested Returns
At this stage we consider Shuang Stock to be not too volatile. Shuang Bang Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0476, which indicates the firm had a 0.0476% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shuang Bang Industrial, which you can use to evaluate the volatility of the company. Please validate Shuang Bang's Semi Deviation of 2.26, risk adjusted performance of 0.0405, and Coefficient Of Variation of 2301.17 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. Shuang Bang has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.7, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Shuang Bang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shuang Bang is expected to be smaller as well. Shuang Bang Industrial right now has a risk of 2.93%. Please validate Shuang Bang sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Shuang Bang will be following its existing price patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Shuang Bang Industrial has poor reverse predictability. Overlapping area represents the amount of predictability between Shuang Bang 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 Shuang Bang Industrial price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Shuang Bang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
Shuang Bang Industrial lagged returns against current returns
Autocorrelation, which is Shuang Bang 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 Shuang Bang's stock expected returns. We can calculate the autocorrelation of Shuang Bang returns to help us make a trade decision. For example, suppose you find that Shuang Bang 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 |
Shuang Bang 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 Shuang Bang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shuang Bang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shuang Bang stock over time.
Current vs Lagged Prices |
| Timeline |
Shuang Bang Lagged Returns
When evaluating Shuang Bang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shuang Bang stock have on its future price. Shuang Bang 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, Shuang Bang autocorrelation shows the relationship between Shuang Bang stock current value and its past values and can show if there is a momentum factor associated with investing in Shuang Bang Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Shuang Bang
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 Shuang Bang 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 Shuang Bang will appreciate offsetting losses from the drop in the long position's value.Moving together with Shuang Stock
Moving against Shuang Stock
| 0.63 | 2888 | Shin Kong Financial Earnings Call This Week | PairCorr |
| 0.35 | 2504 | Goldsun Building Mat | PairCorr |
| 0.31 | 1314 | China Petrochemical | PairCorr |
The ability to find closely correlated positions to Shuang Bang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shuang Bang 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 Shuang Bang - 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 Shuang Bang Industrial to buy it.
The correlation of Shuang Bang 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 Shuang Bang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shuang Bang Industrial 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 Shuang Bang 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 Shuang Stock Analysis
When running Shuang Bang's price analysis, check to measure Shuang Bang'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 Shuang Bang is operating at the current time. Most of Shuang Bang's value examination focuses on studying past and present price action to predict the probability of Shuang Bang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shuang Bang's price. Additionally, you may evaluate how the addition of Shuang Bang to your portfolios can decrease your overall portfolio volatility.