Shan Loong (Taiwan) Market Value
| 2616 Stock | TWD 18.00 0.50 2.70% |
| Symbol | Shan |
Shan Loong '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 Shan Loong'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 Shan Loong.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Shan Loong on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Shan Loong Transportation Co or generate 0.0% return on investment in Shan Loong over 30 days. Shan Loong is related to or competes with Kerry TJ, China Container, Eastern Media, Taiwan Navigation, and Taiwan Cogeneration. It also provides container, bulk, and oil transportation services dangerous goods transportation services and logistics ... More
Shan Loong 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 Shan Loong'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 Shan Loong Transportation Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 6.26 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 1.46 |
Shan Loong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shan Loong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shan Loong's standard deviation. In reality, there are many statistical measures that can use Shan Loong historical prices to predict the future Shan Loong's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.63) |
Shan Loong Transport Backtested Returns
Shan Loong Transport owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.22, which indicates the firm had a -0.22% return per unit of risk over the last 3 months. Shan Loong Transportation Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shan Loong's Coefficient Of Variation of (776.90), risk adjusted performance of (0.09), and Variance of 1.16 to confirm the risk estimate we provide. The entity has a beta of 0.23, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shan Loong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shan Loong is expected to be smaller as well. At this point, Shan Loong Transport has a negative expected return of -0.22%. Please make sure to validate Shan Loong's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Shan Loong Transport performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
Shan Loong Transportation Co has modest predictability. Overlapping area represents the amount of predictability between Shan Loong time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Shan Loong Transport price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Shan Loong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Shan Loong Transport lagged returns against current returns
Autocorrelation, which is Shan Loong 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 Shan Loong's stock expected returns. We can calculate the autocorrelation of Shan Loong returns to help us make a trade decision. For example, suppose you find that Shan Loong 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 |
Shan Loong 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 Shan Loong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shan Loong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shan Loong stock over time.
Current vs Lagged Prices |
| Timeline |
Shan Loong Lagged Returns
When evaluating Shan Loong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shan Loong stock have on its future price. Shan Loong 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, Shan Loong autocorrelation shows the relationship between Shan Loong stock current value and its past values and can show if there is a momentum factor associated with investing in Shan Loong Transportation 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 Shan Stock Analysis
When running Shan Loong's price analysis, check to measure Shan Loong'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 Shan Loong is operating at the current time. Most of Shan Loong's value examination focuses on studying past and present price action to predict the probability of Shan Loong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shan Loong's price. Additionally, you may evaluate how the addition of Shan Loong to your portfolios can decrease your overall portfolio volatility.