Sensortek Technology (Taiwan) Market Value
| 6732 Stock | TWD 272.00 10.50 3.72% |
| Symbol | Sensortek |
Sensortek Technology '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 Sensortek Technology'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 Sensortek Technology.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Sensortek Technology on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Sensortek Technology Corp or generate 0.0% return on investment in Sensortek Technology over 720 days. Sensortek Technology is related to or competes with Hon Hai, Delta Electronics, LARGAN Precision, E Ink, Yageo Corp, Pegatron Corp, and AU Optronics. Sensortek Technology Corp. provides a range of sensor chips More
Sensortek Technology 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 Sensortek Technology'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 Sensortek Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.54 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 3.37 |
Sensortek Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sensortek Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sensortek Technology's standard deviation. In reality, there are many statistical measures that can use Sensortek Technology historical prices to predict the future Sensortek Technology's volatility.| Risk Adjusted Performance | 0.0435 | |||
| Jensen Alpha | 0.0704 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.4412 |
Sensortek Technology Corp Backtested Returns
Sensortek Technology Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0027, which indicates the firm had a -0.0027% return per unit of risk over the last 3 months. Sensortek Technology Corp exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sensortek Technology's Coefficient Of Variation of 2070.31, risk adjusted performance of 0.0435, and Semi Deviation of 2.0 to confirm the risk estimate we provide. The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sensortek Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sensortek Technology is expected to be smaller as well. At this point, Sensortek Technology Corp has a negative expected return of -0.0062%. Please make sure to validate Sensortek Technology's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Sensortek Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Sensortek Technology Corp has good reverse predictability. Overlapping area represents the amount of predictability between Sensortek Technology 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 Sensortek Technology Corp price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Sensortek Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 4242.38 |
Sensortek Technology Corp lagged returns against current returns
Autocorrelation, which is Sensortek Technology 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 Sensortek Technology's stock expected returns. We can calculate the autocorrelation of Sensortek Technology returns to help us make a trade decision. For example, suppose you find that Sensortek Technology 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 |
Sensortek Technology 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 Sensortek Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sensortek Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sensortek Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Sensortek Technology Lagged Returns
When evaluating Sensortek Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sensortek Technology stock have on its future price. Sensortek Technology 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, Sensortek Technology autocorrelation shows the relationship between Sensortek Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Sensortek Technology Corp.
Regressed Prices |
| Timeline |
Pair Trading with Sensortek Technology
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 Sensortek Technology 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 Sensortek Technology will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sensortek Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sensortek Technology 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 Sensortek Technology - 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 Sensortek Technology Corp to buy it.
The correlation of Sensortek Technology 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 Sensortek Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sensortek Technology Corp 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 Sensortek Technology 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 Sensortek Stock Analysis
When running Sensortek Technology's price analysis, check to measure Sensortek Technology'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 Sensortek Technology is operating at the current time. Most of Sensortek Technology's value examination focuses on studying past and present price action to predict the probability of Sensortek Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sensortek Technology's price. Additionally, you may evaluate how the addition of Sensortek Technology to your portfolios can decrease your overall portfolio volatility.