Sincere Navigation (Taiwan) Market Value
| 2605 Stock | TWD 24.80 0.35 1.39% |
| Symbol | Sincere |
Sincere Navigation '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 Sincere Navigation'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 Sincere Navigation.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Sincere Navigation on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Sincere Navigation Corp or generate 0.0% return on investment in Sincere Navigation over 30 days. Sincere Navigation is related to or competes with Yang Ming, Evergreen Marine, Eva Airways, and U Ming. Sincere Navigation Corporation, a shipping transportation company, owns and operates bulk cargo vessels in Taiwan More
Sincere Navigation 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 Sincere Navigation'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 Sincere Navigation Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.95 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.6 |
Sincere Navigation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sincere Navigation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sincere Navigation's standard deviation. In reality, there are many statistical measures that can use Sincere Navigation historical prices to predict the future Sincere Navigation's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | 0.3261 |
Sincere Navigation Corp Backtested Returns
Sincere Navigation Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0253, which indicates the firm had a -0.0253% return per unit of risk over the last 3 months. Sincere Navigation Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sincere Navigation's Risk Adjusted Performance of (0.01), coefficient of variation of (5,770), and Variance of 3.69 to confirm the risk estimate we provide. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sincere Navigation are expected to decrease at a much lower rate. During the bear market, Sincere Navigation is likely to outperform the market. At this point, Sincere Navigation Corp has a negative expected return of -0.0489%. Please make sure to validate Sincere Navigation's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Sincere Navigation Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Sincere Navigation Corp has very good predictability. Overlapping area represents the amount of predictability between Sincere Navigation time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Sincere Navigation Corp price movement. The serial correlation of 0.83 indicates that around 83.0% of current Sincere Navigation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Sincere Navigation Corp lagged returns against current returns
Autocorrelation, which is Sincere Navigation 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 Sincere Navigation's stock expected returns. We can calculate the autocorrelation of Sincere Navigation returns to help us make a trade decision. For example, suppose you find that Sincere Navigation 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 |
Sincere Navigation 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 Sincere Navigation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sincere Navigation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sincere Navigation stock over time.
Current vs Lagged Prices |
| Timeline |
Sincere Navigation Lagged Returns
When evaluating Sincere Navigation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sincere Navigation stock have on its future price. Sincere Navigation 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, Sincere Navigation autocorrelation shows the relationship between Sincere Navigation stock current value and its past values and can show if there is a momentum factor associated with investing in Sincere Navigation Corp.
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.Additional Tools for Sincere Stock Analysis
When running Sincere Navigation's price analysis, check to measure Sincere Navigation'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 Sincere Navigation is operating at the current time. Most of Sincere Navigation's value examination focuses on studying past and present price action to predict the probability of Sincere Navigation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sincere Navigation's price. Additionally, you may evaluate how the addition of Sincere Navigation to your portfolios can decrease your overall portfolio volatility.