SDI Corp (Taiwan) Market Value
| 2351 Stock | TWD 100.00 3.90 4.06% |
| Symbol | SDI |
SDI Corp '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 SDI Corp'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 SDI Corp.
| 03/29/2024 |
| 04/28/2024 |
If you would invest 0.00 in SDI Corp on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding SDI Corp or generate 0.0% return on investment in SDI Corp over 30 days. SDI Corp is related to or competes with Compeq Manufacturing, Taiwan Mask, Gold Circuit, Pan Jit, and Elite Material. SDI Corporation manufactures and sells semiconductor lead frames, LED lead frames, stationery and office products, and h... More
SDI Corp 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 SDI Corp'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 SDI Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 11.21 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.23 |
SDI Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SDI Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SDI Corp's standard deviation. In reality, there are many statistical measures that can use SDI Corp historical prices to predict the future SDI Corp's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.67) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SDI Corp'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.
SDI Corp Backtested Returns
SDI Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0326, which indicates the firm had a -0.0326% return per unit of volatility over the last 3 months. SDI Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SDI Corp's risk adjusted performance of (0.01), and Variance of 3.74 to confirm the risk estimate we provide. The entity has a beta of 0.0978, which indicates not very significant fluctuations relative to the market. As returns on the market increase, SDI Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding SDI Corp is expected to be smaller as well. SDI Corp has an expected return of -0.0666%. Please make sure to validate SDI Corp standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if SDI Corp performance from the past will be repeated in the future.
Auto-correlation | -0.58 |
Good reverse predictability
SDI Corp has good reverse predictability. Overlapping area represents the amount of predictability between SDI Corp time series from 29th of March 2024 to 13th of April 2024 and 13th of April 2024 to 28th of April 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 SDI Corp price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current SDI Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 8.94 |
SDI Corp lagged returns against current returns
Autocorrelation, which is SDI Corp 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 SDI Corp's stock expected returns. We can calculate the autocorrelation of SDI Corp returns to help us make a trade decision. For example, suppose you find that SDI Corp 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 |
SDI Corp 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 SDI Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SDI Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SDI Corp stock over time.
Current vs Lagged Prices |
| Timeline |
SDI Corp Lagged Returns
When evaluating SDI Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SDI Corp stock have on its future price. SDI Corp 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, SDI Corp autocorrelation shows the relationship between SDI Corp stock current value and its past values and can show if there is a momentum factor associated with investing in SDI Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out SDI Corp Correlation, SDI Corp Volatility and SDI Corp Alpha and Beta module to complement your research on SDI Corp. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for SDI Stock analysis
When running SDI Corp's price analysis, check to measure SDI Corp'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 SDI Corp is operating at the current time. Most of SDI Corp's value examination focuses on studying past and present price action to predict the probability of SDI Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SDI Corp's price. Additionally, you may evaluate how the addition of SDI Corp to your portfolios can decrease your overall portfolio volatility.
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SDI Corp 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.