Sunplus Technology (Taiwan) Market Value
| 2401 Stock | TWD 27.70 0.20 0.73% |
| Symbol | Sunplus |
Sunplus 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 Sunplus 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 Sunplus Technology.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Sunplus Technology on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Sunplus Technology Co or generate 0.0% return on investment in Sunplus Technology over 90 days. Sunplus Technology is related to or competes with Realtek Semiconductor, VIA Technologies, Silicon Integrated, Winbond Electronics, and Compal Electronics. Sunplus Technology Company Limited, together with its subsidiaries, researches, develops, designs, tests, and sells cons... More
Sunplus 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 Sunplus 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 Sunplus Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.41 | |||
| Information Ratio | 0.0475 | |||
| Maximum Drawdown | 14.43 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 3.52 |
Sunplus Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunplus Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunplus Technology's standard deviation. In reality, there are many statistical measures that can use Sunplus Technology historical prices to predict the future Sunplus Technology's volatility.| Risk Adjusted Performance | 0.0132 | |||
| Jensen Alpha | 0.0142 | |||
| Total Risk Alpha | 0.3212 | |||
| Sortino Ratio | 0.0492 | |||
| Treynor Ratio | 0.2027 |
Sunplus Technology Backtested Returns
At this stage we consider Sunplus Stock to be very steady. Sunplus Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the firm had a close to zero % return per unit of risk over the last 3 months. We have found thirty technical indicators for Sunplus Technology Co, which you can use to evaluate the volatility of the company. Please validate Sunplus Technology's Risk Adjusted Performance of 0.0132, semi deviation of 2.32, and Coefficient Of Variation of 12959.79 to confirm if the risk estimate we provide is consistent with the expected return of 0.0132%. The entity has a beta of 0.0455, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sunplus Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunplus Technology is expected to be smaller as well. Sunplus Technology right now has a risk of 2.46%. Please validate Sunplus Technology standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Sunplus Technology will be following its existing price patterns.
Auto-correlation | 0.31 |
Below average predictability
Sunplus Technology Co has below average predictability. Overlapping area represents the amount of predictability between Sunplus Technology time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sunplus Technology price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Sunplus Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Sunplus Technology lagged returns against current returns
Autocorrelation, which is Sunplus 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 Sunplus Technology's stock expected returns. We can calculate the autocorrelation of Sunplus Technology returns to help us make a trade decision. For example, suppose you find that Sunplus 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 |
Sunplus 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 Sunplus Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunplus Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunplus Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Sunplus Technology Lagged Returns
When evaluating Sunplus Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunplus Technology stock have on its future price. Sunplus 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, Sunplus Technology autocorrelation shows the relationship between Sunplus Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Sunplus Technology Co.
Regressed Prices |
| Timeline |
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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.Additional Tools for Sunplus Stock Analysis
When running Sunplus Technology's price analysis, check to measure Sunplus Technology'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 Sunplus Technology is operating at the current time. Most of Sunplus Technology's value examination focuses on studying past and present price action to predict the probability of Sunplus Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunplus Technology's price. Additionally, you may evaluate how the addition of Sunplus Technology to your portfolios can decrease your overall portfolio volatility.