Shin Foong (Taiwan) Market Value
| 6582 Stock | TWD 55.10 1.30 2.30% |
| Symbol | Shin |
Shin Foong '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 Shin Foong'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 Shin Foong.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Shin Foong on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Shin Foong Specialty or generate 0.0% return on investment in Shin Foong over 30 days. Shin Foong is related to or competes with Nantex Industry, Systex Corp, Chong Hong, Greatek Electronics, and Cleanaway. Shin Foong Specialty and Applied Materials Co., Ltd More
Shin Foong 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 Shin Foong'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 Shin Foong Specialty upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.5 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 3.96 |
Shin Foong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shin Foong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shin Foong's standard deviation. In reality, there are many statistical measures that can use Shin Foong historical prices to predict the future Shin Foong's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.445 |
Shin Foong Specialty Backtested Returns
Shin Foong Specialty owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.054, which indicates the firm had a -0.054 % return per unit of risk over the last 3 months. Shin Foong Specialty exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shin Foong's Risk Adjusted Performance of (0.04), variance of 6.27, and Coefficient Of Variation of (1,750) to confirm the risk estimate we provide. The entity has a beta of -0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shin Foong are expected to decrease at a much lower rate. During the bear market, Shin Foong is likely to outperform the market. At this point, Shin Foong Specialty has a negative expected return of -0.14%. Please make sure to validate Shin Foong's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Shin Foong Specialty performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Shin Foong Specialty has good predictability. Overlapping area represents the amount of predictability between Shin Foong time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd 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 Shin Foong Specialty price movement. The serial correlation of 0.78 indicates that around 78.0% of current Shin Foong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 4.15 |
Shin Foong Specialty lagged returns against current returns
Autocorrelation, which is Shin Foong 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 Shin Foong's stock expected returns. We can calculate the autocorrelation of Shin Foong returns to help us make a trade decision. For example, suppose you find that Shin Foong 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 |
Shin Foong 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 Shin Foong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shin Foong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shin Foong stock over time.
Current vs Lagged Prices |
| Timeline |
Shin Foong Lagged Returns
When evaluating Shin Foong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shin Foong stock have on its future price. Shin Foong 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, Shin Foong autocorrelation shows the relationship between Shin Foong stock current value and its past values and can show if there is a momentum factor associated with investing in Shin Foong Specialty.
Regressed Prices |
| Timeline |
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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 Shin Stock Analysis
When running Shin Foong's price analysis, check to measure Shin Foong'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 Shin Foong is operating at the current time. Most of Shin Foong's value examination focuses on studying past and present price action to predict the probability of Shin Foong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Foong's price. Additionally, you may evaluate how the addition of Shin Foong to your portfolios can decrease your overall portfolio volatility.