Southchip Semiconductor (China) Market Value
| 688484 Stock | 37.68 0.78 2.11% |
| Symbol | Southchip |
Southchip Semiconductor '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 Southchip Semiconductor'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 Southchip Semiconductor.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Southchip Semiconductor on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Southchip Semiconductor Technology or generate 0.0% return on investment in Southchip Semiconductor over 90 days. Southchip Semiconductor is related to or competes with Guangdong Silvere, Jinhui Mining, Zhejiang HISUN, Xinke Material, Ningbo Tip, Shandong Mining, and Uroica Mining. Southchip Semiconductor is entity of China More
Southchip Semiconductor 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 Southchip Semiconductor'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 Southchip Semiconductor Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.38 | |||
| Information Ratio | 0.0957 | |||
| Maximum Drawdown | 31.01 | |||
| Value At Risk | (6.04) | |||
| Potential Upside | 6.98 |
Southchip Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Southchip Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Southchip Semiconductor's standard deviation. In reality, there are many statistical measures that can use Southchip Semiconductor historical prices to predict the future Southchip Semiconductor's volatility.| Risk Adjusted Performance | 0.1031 | |||
| Jensen Alpha | 0.5673 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1266 | |||
| Treynor Ratio | (2.64) |
Southchip Semiconductor Backtested Returns
Southchip Semiconductor appears to be not too volatile, given 3 months investment horizon. Southchip Semiconductor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Southchip Semiconductor's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please review Southchip Semiconductor's Risk Adjusted Performance of 0.1031, semi deviation of 3.19, and Coefficient Of Variation of 808.47 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Southchip Semiconductor holds a performance score of 11. The entity has a beta of -0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Southchip Semiconductor are expected to decrease at a much lower rate. During the bear market, Southchip Semiconductor is likely to outperform the market. Please check Southchip Semiconductor's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Southchip Semiconductor's existing price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Southchip Semiconductor Technology has average predictability. Overlapping area represents the amount of predictability between Southchip Semiconductor time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Southchip Semiconductor price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Southchip Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 3.13 |
Southchip Semiconductor lagged returns against current returns
Autocorrelation, which is Southchip Semiconductor 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 Southchip Semiconductor's stock expected returns. We can calculate the autocorrelation of Southchip Semiconductor returns to help us make a trade decision. For example, suppose you find that Southchip Semiconductor 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 |
Southchip Semiconductor 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 Southchip Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Southchip Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Southchip Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Southchip Semiconductor Lagged Returns
When evaluating Southchip Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Southchip Semiconductor stock have on its future price. Southchip Semiconductor 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, Southchip Semiconductor autocorrelation shows the relationship between Southchip Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Southchip Semiconductor Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Southchip Stock
Southchip Semiconductor financial ratios help investors to determine whether Southchip Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Southchip with respect to the benefits of owning Southchip Semiconductor security.