Sanichi Technology (Malaysia) Market Value
| 0133 Stock | 0.13 0.01 7.14% |
| Symbol | Sanichi |
Sanichi Technology '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 Sanichi Technology'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 Sanichi Technology.
| 06/24/2024 |
| 12/21/2024 |
If you would invest 0.00 in Sanichi Technology on June 24, 2024 and sell it all today you would earn a total of 0.00 from holding Sanichi Technology Bhd or generate 0.0% return on investment in Sanichi Technology over 180 days. Sanichi Technology is related to or competes with Kobay Tech, JF Technology, and CB Industrial. More
Sanichi Technology 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 Sanichi Technology'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 Sanichi Technology Bhd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 54.34 | |||
| Information Ratio | 0.2196 | |||
| Maximum Drawdown | 1433.33 | |||
| Value At Risk | (90.00) | |||
| Potential Upside | 566.67 |
Sanichi Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanichi Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanichi Technology's standard deviation. In reality, there are many statistical measures that can use Sanichi Technology historical prices to predict the future Sanichi Technology's volatility.| Risk Adjusted Performance | 0.184 | |||
| Jensen Alpha | 52.5 | |||
| Total Risk Alpha | 46.17 | |||
| Sortino Ratio | 0.9736 | |||
| Treynor Ratio | 2.77 |
Sanichi Technology Bhd Backtested Returns
Sanichi Technology is out of control given 3 months investment horizon. Sanichi Technology Bhd owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 48.2% are justified by taking the suggested risk. Use Sanichi Technology Bhd Risk Adjusted Performance of 0.184, coefficient of variation of 455.18, and Semi Deviation of 26.94 to evaluate company specific risk that cannot be diversified away. Sanichi Technology holds a performance score of 17 on a scale of zero to a hundred. The entity has a beta of 19.1, 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, Sanichi Technology will likely underperform. Use Sanichi Technology Bhd coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to analyze future returns on Sanichi Technology Bhd.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Sanichi Technology Bhd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sanichi Technology time series from 24th of June 2024 to 22nd of September 2024 and 22nd of September 2024 to 21st 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 Sanichi Technology Bhd price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Sanichi Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sanichi Technology Bhd lagged returns against current returns
Autocorrelation, which is Sanichi Technology 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 Sanichi Technology's stock expected returns. We can calculate the autocorrelation of Sanichi Technology returns to help us make a trade decision. For example, suppose you find that Sanichi Technology 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 |
Sanichi Technology 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 Sanichi Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanichi Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanichi Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Sanichi Technology Lagged Returns
When evaluating Sanichi Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanichi Technology stock have on its future price. Sanichi Technology 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, Sanichi Technology autocorrelation shows the relationship between Sanichi Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Sanichi Technology Bhd.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Sanichi Stock
Sanichi Technology financial ratios help investors to determine whether Sanichi Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sanichi with respect to the benefits of owning Sanichi Technology security.