Sunfon Construction (Taiwan) Market Value
| 5514 Stock | TWD 23.90 0.40 1.65% |
| Symbol | Sunfon |
Sunfon Construction '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 Sunfon Construction'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 Sunfon Construction.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Sunfon Construction on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Sunfon Construction Co or generate 0.0% return on investment in Sunfon Construction over 30 days. Sunfon Construction is related to or competes with Sino Horizon, Run Long, Chong Hong, Sinyi Realty, JSL Construction, Delpha Construction, and Yungshin Construction. Sunfon Construction Co., Ltd. engages in the development, construction, and sale of public housing and commercial buildi... More
Sunfon Construction 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 Sunfon Construction'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 Sunfon Construction Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.0848 | |||
| Maximum Drawdown | 21.24 | |||
| Value At Risk | (2.93) | |||
| Potential Upside | 9.9 |
Sunfon Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunfon Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunfon Construction's standard deviation. In reality, there are many statistical measures that can use Sunfon Construction historical prices to predict the future Sunfon Construction's volatility.| Risk Adjusted Performance | 0.0735 | |||
| Jensen Alpha | 0.3264 | |||
| Total Risk Alpha | 0.0766 | |||
| Sortino Ratio | 0.0967 | |||
| Treynor Ratio | 0.8709 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sunfon Construction'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.
Sunfon Construction Backtested Returns
Sunfon Construction appears to be not too volatile, given 3 months investment horizon. Sunfon Construction 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 Sunfon Construction Co, which you can use to evaluate the volatility of the company. Please review Sunfon Construction's Coefficient Of Variation of 981.96, risk adjusted performance of 0.0735, and Semi Deviation of 2.25 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sunfon Construction holds a performance score of 8. The entity has a beta of 0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sunfon Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunfon Construction is expected to be smaller as well. Please check Sunfon Construction'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 Sunfon Construction's existing price patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Sunfon Construction Co has modest predictability. Overlapping area represents the amount of predictability between Sunfon Construction time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st 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 Sunfon Construction price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Sunfon Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 2.93 |
Sunfon Construction lagged returns against current returns
Autocorrelation, which is Sunfon Construction 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 Sunfon Construction's stock expected returns. We can calculate the autocorrelation of Sunfon Construction returns to help us make a trade decision. For example, suppose you find that Sunfon Construction 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 |
Sunfon Construction 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 Sunfon Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunfon Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunfon Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Sunfon Construction Lagged Returns
When evaluating Sunfon Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunfon Construction stock have on its future price. Sunfon Construction 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, Sunfon Construction autocorrelation shows the relationship between Sunfon Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Sunfon Construction Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Sunfon Construction Correlation, Sunfon Construction Volatility and Sunfon Construction Alpha and Beta module to complement your research on Sunfon Construction. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Sunfon Stock analysis
When running Sunfon Construction's price analysis, check to measure Sunfon Construction'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 Sunfon Construction is operating at the current time. Most of Sunfon Construction's value examination focuses on studying past and present price action to predict the probability of Sunfon Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunfon Construction's price. Additionally, you may evaluate how the addition of Sunfon Construction to your portfolios can decrease your overall portfolio volatility.
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Sunfon Construction 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.