Sunny Optical Technology Stock Market Value
| SNPTF Stock | USD 4.60 0.06 1.32% |
| Symbol | Sunny |
Sunny Optical '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 Sunny Optical's pink sheet 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 Sunny Optical.
| 10/07/2022 |
| 04/29/2024 |
If you would invest 0.00 in Sunny Optical on October 7, 2022 and sell it all today you would earn a total of 0.00 from holding Sunny Optical Technology or generate 0.0% return on investment in Sunny Optical over 570 days. Sunny Optical is related to or competes with Bitmine Immersion, Ouster, Kopin, Vicor, Fabrinet, and Neonode. Sunny Optical Technology Company Limited, an investment holding company, engages in designing, researching, developing, ... More
Sunny Optical 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 Sunny Optical's pink sheet 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 Sunny Optical Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 30.54 | |||
| Value At Risk | (8.48) | |||
| Potential Upside | 2.6 |
Sunny Optical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunny Optical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunny Optical's standard deviation. In reality, there are many statistical measures that can use Sunny Optical historical prices to predict the future Sunny Optical's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | (0.97) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sunny Optical'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.
Sunny Optical Technology Backtested Returns
Sunny Optical Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15% return per unit of risk over the last 3 months. Sunny Optical Technology exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sunny Optical's Variance of 12.68, coefficient of variation of (700.78), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of 1.92, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sunny Optical will likely underperform. Sunny Optical Technology has an expected return of -0.53%. Please make sure to validate Sunny Optical jensen alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Sunny Optical Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.38 |
Below average predictability
Sunny Optical Technology has below average predictability. Overlapping area represents the amount of predictability between Sunny Optical time series from 7th of October 2022 to 19th of July 2023 and 19th of July 2023 to 29th 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 Sunny Optical Technology price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Sunny Optical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.0 |
Sunny Optical Technology lagged returns against current returns
Autocorrelation, which is Sunny Optical pink sheet'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 Sunny Optical's pink sheet expected returns. We can calculate the autocorrelation of Sunny Optical returns to help us make a trade decision. For example, suppose you find that Sunny Optical has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Sunny Optical 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 Sunny Optical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunny Optical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunny Optical pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sunny Optical Lagged Returns
When evaluating Sunny Optical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunny Optical pink sheet have on its future price. Sunny Optical 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, Sunny Optical autocorrelation shows the relationship between Sunny Optical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sunny Optical Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Sunny Optical Correlation, Sunny Optical Volatility and Sunny Optical Alpha and Beta module to complement your research on Sunny Optical. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Sunny Pink Sheet analysis
When running Sunny Optical's price analysis, check to measure Sunny Optical'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 Sunny Optical is operating at the current time. Most of Sunny Optical's value examination focuses on studying past and present price action to predict the probability of Sunny Optical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunny Optical's price. Additionally, you may evaluate how the addition of Sunny Optical to your portfolios can decrease your overall portfolio volatility.
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Sunny Optical technical pink sheet 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, pink sheet market cycles, or different charting patterns.