Sitronix Technology (Taiwan) Market Value
| 8016 Stock | TWD 212.50 2.00 0.93% |
| Symbol | Sitronix |
Sitronix 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 Sitronix 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 Sitronix Technology.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Sitronix Technology on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Sitronix Technology Corp or generate 0.0% return on investment in Sitronix Technology over 720 days. Sitronix Technology is related to or competes with Novatek Microelectronics, FocalTech Systems, Elan Microelectronics, Realtek Semiconductor, and Holtek Semiconductor. Sitronix Technology Corporation, a fabless semiconductor company, offers display driver integrated circuits More
Sitronix 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 Sitronix 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 Sitronix Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.34 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 2.2 |
Sitronix Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sitronix Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sitronix Technology's standard deviation. In reality, there are many statistical measures that can use Sitronix Technology historical prices to predict the future Sitronix Technology's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 2.44 |
Sitronix Technology Corp Backtested Returns
Sitronix Technology Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0822, which indicates the firm had a -0.0822% return per unit of risk over the last 3 months. Sitronix Technology Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sitronix Technology's Risk Adjusted Performance of (0.04), coefficient of variation of (1,635), and Variance of 2.1 to confirm the risk estimate we provide. The entity has a beta of -0.0404, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sitronix Technology are expected to decrease at a much lower rate. During the bear market, Sitronix Technology is likely to outperform the market. At this point, Sitronix Technology Corp has a negative expected return of -0.12%. Please make sure to validate Sitronix Technology's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Sitronix Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Sitronix Technology Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sitronix Technology time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Sitronix Technology Corp price movement. The serial correlation of -0.72 indicates that around 72.0% of current Sitronix Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 721.25 |
Sitronix Technology Corp lagged returns against current returns
Autocorrelation, which is Sitronix 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 Sitronix Technology's stock expected returns. We can calculate the autocorrelation of Sitronix Technology returns to help us make a trade decision. For example, suppose you find that Sitronix 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 |
Sitronix 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 Sitronix Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sitronix Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sitronix Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Sitronix Technology Lagged Returns
When evaluating Sitronix Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sitronix Technology stock have on its future price. Sitronix 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, Sitronix Technology autocorrelation shows the relationship between Sitronix Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Sitronix Technology Corp.
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 Sitronix Stock Analysis
When running Sitronix Technology's price analysis, check to measure Sitronix 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 Sitronix Technology is operating at the current time. Most of Sitronix Technology's value examination focuses on studying past and present price action to predict the probability of Sitronix 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 Sitronix Technology's price. Additionally, you may evaluate how the addition of Sitronix Technology to your portfolios can decrease your overall portfolio volatility.