Shin Hai (Taiwan) Market Value
| 9926 Stock | TWD 52.70 0.50 0.96% |
| Symbol | Shin |
Shin Hai '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 Shin Hai'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 Shin Hai.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Shin Hai on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Shin Hai Gas or generate 0.0% return on investment in Shin Hai over 30 days. Shin Hai is related to or competes with Taiwan Secom, Taiwan Shin, Taiwan Cogeneration, Shin Shin, and . The company also offers interrupting devices, microcomputer gas meters, safety equipment, stoves, and dryers More
Shin Hai 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 Shin Hai'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 Shin Hai Gas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 3.52 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.31 |
Shin Hai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shin Hai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shin Hai's standard deviation. In reality, there are many statistical measures that can use Shin Hai historical prices to predict the future Shin Hai's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.23) |
Shin Hai Gas Backtested Returns
Shin Hai Gas owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0518, which indicates the firm had a -0.0518% return per unit of risk over the last 3 months. Shin Hai Gas exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shin Hai's Risk Adjusted Performance of (0.05), variance of 0.6566, and Coefficient Of Variation of (1,607) to confirm the risk estimate we provide. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shin Hai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shin Hai is expected to be smaller as well. At this point, Shin Hai Gas has a negative expected return of -0.0414%. Please make sure to validate Shin Hai's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Shin Hai Gas performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Shin Hai Gas has virtually no predictability. Overlapping area represents the amount of predictability between Shin Hai time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Shin Hai Gas price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Shin Hai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Shin Hai Gas lagged returns against current returns
Autocorrelation, which is Shin Hai 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 Shin Hai's stock expected returns. We can calculate the autocorrelation of Shin Hai returns to help us make a trade decision. For example, suppose you find that Shin Hai 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 |
Shin Hai 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 Shin Hai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shin Hai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shin Hai stock over time.
Current vs Lagged Prices |
| Timeline |
Shin Hai Lagged Returns
When evaluating Shin Hai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shin Hai stock have on its future price. Shin Hai 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, Shin Hai autocorrelation shows the relationship between Shin Hai stock current value and its past values and can show if there is a momentum factor associated with investing in Shin Hai Gas.
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 Shin Stock Analysis
When running Shin Hai's price analysis, check to measure Shin Hai'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 Shin Hai is operating at the current time. Most of Shin Hai's value examination focuses on studying past and present price action to predict the probability of Shin Hai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Hai's price. Additionally, you may evaluate how the addition of Shin Hai to your portfolios can decrease your overall portfolio volatility.