San Neng (Taiwan) Market Value
| 6671 Stock | TWD 42.15 0.10 0.24% |
| Symbol | San |
San Neng '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 San Neng'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 San Neng.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in San Neng on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding San Neng Group or generate 0.0% return on investment in San Neng over 720 days. San Neng is related to or competes with Taiyen Biotech, Leatec Fine, Information Technology, Kinko Optical, E Lead, Zinwell, and Chunghwa Telecom. San Neng Group Holdings Co., Ltd., through its subsidiaries, engages in the research, development, production, and sale ... More
San Neng 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 San Neng'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 San Neng Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 3.0 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 0.939 |
San Neng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for San Neng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as San Neng's standard deviation. In reality, there are many statistical measures that can use San Neng historical prices to predict the future San Neng's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.9525 |
San Neng Group Backtested Returns
San Neng Group owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the firm had a -0.11% return per unit of risk over the last 3 months. San Neng Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate San Neng's Coefficient Of Variation of (1,147), variance of 0.3663, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of -0.0659, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning San Neng are expected to decrease at a much lower rate. During the bear market, San Neng is likely to outperform the market. At this point, San Neng Group has a negative expected return of -0.0692%. Please make sure to validate San Neng's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if San Neng Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.89 |
Very good predictability
San Neng Group has very good predictability. Overlapping area represents the amount of predictability between San Neng time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 San Neng Group price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current San Neng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 4.5 |
San Neng Group lagged returns against current returns
Autocorrelation, which is San Neng 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 San Neng's stock expected returns. We can calculate the autocorrelation of San Neng returns to help us make a trade decision. For example, suppose you find that San Neng 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 |
San Neng 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 San Neng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if San Neng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in San Neng stock over time.
Current vs Lagged Prices |
| Timeline |
San Neng Lagged Returns
When evaluating San Neng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of San Neng stock have on its future price. San Neng 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, San Neng autocorrelation shows the relationship between San Neng stock current value and its past values and can show if there is a momentum factor associated with investing in San Neng Group.
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 San Stock Analysis
When running San Neng's price analysis, check to measure San Neng'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 San Neng is operating at the current time. Most of San Neng's value examination focuses on studying past and present price action to predict the probability of San Neng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move San Neng's price. Additionally, you may evaluate how the addition of San Neng to your portfolios can decrease your overall portfolio volatility.