Skytech (Taiwan) Market Value
| 6937 Stock | 241.00 11.50 5.01% |
| Symbol | Skytech |
Skytech '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 Skytech'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 Skytech.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in Skytech on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Skytech or generate 0.0% return on investment in Skytech over 570 days.
Skytech 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 Skytech'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 Skytech upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.88 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 4.76 |
Skytech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Skytech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Skytech's standard deviation. In reality, there are many statistical measures that can use Skytech historical prices to predict the future Skytech's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.23) |
Skytech Backtested Returns
Skytech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0673, which indicates the firm had a -0.0673 % return per unit of risk over the last 3 months. Skytech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Skytech's Coefficient Of Variation of (1,571), risk adjusted performance of (0.04), and Variance of 7.21 to confirm the risk estimate we provide. The entity has a beta of 0.78, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Skytech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Skytech is expected to be smaller as well. At this point, Skytech has a negative expected return of -0.17%. Please make sure to validate Skytech's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Skytech performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Skytech has average predictability. Overlapping area represents the amount of predictability between Skytech time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 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 Skytech price movement. The serial correlation of 0.47 indicates that about 47.0% of current Skytech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 771.3 |
Skytech lagged returns against current returns
Autocorrelation, which is Skytech 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 Skytech's stock expected returns. We can calculate the autocorrelation of Skytech returns to help us make a trade decision. For example, suppose you find that Skytech 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 |
Skytech 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 Skytech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Skytech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Skytech stock over time.
Current vs Lagged Prices |
| Timeline |
Skytech Lagged Returns
When evaluating Skytech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Skytech stock have on its future price. Skytech 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, Skytech autocorrelation shows the relationship between Skytech stock current value and its past values and can show if there is a momentum factor associated with investing in Skytech.
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 Skytech Stock Analysis
When running Skytech's price analysis, check to measure Skytech'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 Skytech is operating at the current time. Most of Skytech's value examination focuses on studying past and present price action to predict the probability of Skytech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Skytech's price. Additionally, you may evaluate how the addition of Skytech to your portfolios can decrease your overall portfolio volatility.