Sunspring Metal (Taiwan) Market Value
| 2062 Stock | TWD 29.25 0.70 2.34% |
| Symbol | Sunspring |
Sunspring Metal '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 Sunspring Metal'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 Sunspring Metal.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Sunspring Metal on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Sunspring Metal Corp or generate 0.0% return on investment in Sunspring Metal over 30 days. Sunspring Metal is related to or competes with GenMont Biotech, Min Aik, Promise Technology, and New Palace. Sunspring Metal Corporation manufactures and sells zinc, brass, and plastic parts worldwide More
Sunspring Metal 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 Sunspring Metal'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 Sunspring Metal Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.93 | |||
| Information Ratio | 0.0795 | |||
| Maximum Drawdown | 13.73 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 5.0 |
Sunspring Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunspring Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunspring Metal's standard deviation. In reality, there are many statistical measures that can use Sunspring Metal historical prices to predict the future Sunspring Metal's volatility.| Risk Adjusted Performance | 0.0739 | |||
| Jensen Alpha | 0.2382 | |||
| Total Risk Alpha | 0.0555 | |||
| Sortino Ratio | 0.1017 | |||
| Treynor Ratio | 1.73 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sunspring Metal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sunspring Metal Corp Backtested Returns
Sunspring Metal appears to be very steady, given 3 months investment horizon. Sunspring Metal Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sunspring Metal Corp, which you can use to evaluate the volatility of the company. Please review Sunspring Metal's Coefficient Of Variation of 964.38, risk adjusted performance of 0.0739, and Semi Deviation of 1.66 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sunspring Metal holds a performance score of 8. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sunspring Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunspring Metal is expected to be smaller as well. Please check Sunspring Metal's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sunspring Metal's existing price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Sunspring Metal Corp has virtually no predictability. Overlapping area represents the amount of predictability between Sunspring Metal time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd of May 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 Sunspring Metal Corp price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Sunspring Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Sunspring Metal Corp lagged returns against current returns
Autocorrelation, which is Sunspring Metal 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 Sunspring Metal's stock expected returns. We can calculate the autocorrelation of Sunspring Metal returns to help us make a trade decision. For example, suppose you find that Sunspring Metal 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 |
Sunspring Metal 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 Sunspring Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunspring Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunspring Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Sunspring Metal Lagged Returns
When evaluating Sunspring Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunspring Metal stock have on its future price. Sunspring Metal 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, Sunspring Metal autocorrelation shows the relationship between Sunspring Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Sunspring Metal Corp.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sunspring Metal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sunspring Metal's short interest history, or implied volatility extrapolated from Sunspring Metal options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Sunspring Metal Correlation, Sunspring Metal Volatility and Sunspring Metal Alpha and Beta module to complement your research on Sunspring Metal. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Sunspring Stock analysis
When running Sunspring Metal's price analysis, check to measure Sunspring Metal'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 Sunspring Metal is operating at the current time. Most of Sunspring Metal's value examination focuses on studying past and present price action to predict the probability of Sunspring Metal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunspring Metal's price. Additionally, you may evaluate how the addition of Sunspring Metal to your portfolios can decrease your overall portfolio volatility.
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Sunspring Metal 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.