Sanmina (Germany) Market Value
| SAYN Stock | EUR 77.18 1.44 1.90% |
| Symbol | Sanmina |
Sanmina '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 Sanmina'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 Sanmina.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Sanmina on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Sanmina or generate 0.0% return on investment in Sanmina over 30 days. Sanmina is related to or competes with Tradegate, NISSAN CHEMICAL, KINGBOARD CHEMICAL, FAST RETAIL, Eastman Chemical, Silicon Motion, and AIR PRODCHEMICALS. Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-m... More
Sanmina 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 Sanmina'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 Sanmina upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.1316 | |||
| Maximum Drawdown | 18.39 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 2.48 |
Sanmina Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanmina's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanmina's standard deviation. In reality, there are many statistical measures that can use Sanmina historical prices to predict the future Sanmina's volatility.| Risk Adjusted Performance | 0.1379 | |||
| Jensen Alpha | 0.386 | |||
| Total Risk Alpha | 0.0822 | |||
| Sortino Ratio | 0.2171 | |||
| Treynor Ratio | 2.48 |
Sanmina Backtested Returns
Sanmina appears to be very steady, given 3 months investment horizon. Sanmina owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sanmina, which you can use to evaluate the volatility of the company. Please review Sanmina's Coefficient Of Variation of 554.14, semi deviation of 0.9451, and Risk Adjusted Performance of 0.1379 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sanmina holds a performance score of 14. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sanmina's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sanmina is expected to be smaller as well. Please check Sanmina's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Sanmina's existing price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Sanmina has poor reverse predictability. Overlapping area represents the amount of predictability between Sanmina time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Sanmina price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Sanmina price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
Sanmina lagged returns against current returns
Autocorrelation, which is Sanmina 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 Sanmina's stock expected returns. We can calculate the autocorrelation of Sanmina returns to help us make a trade decision. For example, suppose you find that Sanmina 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 |
Sanmina 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 Sanmina stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanmina stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanmina stock over time.
Current vs Lagged Prices |
| Timeline |
Sanmina Lagged Returns
When evaluating Sanmina's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanmina stock have on its future price. Sanmina 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, Sanmina autocorrelation shows the relationship between Sanmina stock current value and its past values and can show if there is a momentum factor associated with investing in Sanmina.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Sanmina Stock
When determining whether Sanmina is a strong investment it is important to analyze Sanmina's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Sanmina's future performance. For an informed investment choice regarding Sanmina Stock, refer to the following important reports:Check out Sanmina Correlation, Sanmina Volatility and Sanmina Alpha and Beta module to complement your research on Sanmina. For more detail on how to invest in Sanmina Stock please use our How to Invest in Sanmina guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Sanmina technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.