Simple Mart (Taiwan) Market Value
| 2945 Stock | 40.50 0.25 0.61% |
| Symbol | Simple |
Simple Mart '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 Simple Mart'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 Simple Mart.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Simple Mart on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Simple Mart Retail or generate 0.0% return on investment in Simple Mart over 390 days.
Simple Mart 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 Simple Mart'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 Simple Mart Retail upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.37 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.08 |
Simple Mart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Simple Mart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Simple Mart's standard deviation. In reality, there are many statistical measures that can use Simple Mart historical prices to predict the future Simple Mart's volatility.| Risk Adjusted Performance | (0.05) | |||
| Total Risk Alpha | (0.08) |
Simple Mart Retail Backtested Returns
Simple Mart Retail owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0623, which indicates the firm had a -0.0623% return per unit of risk over the last 3 months. Simple Mart Retail exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Simple Mart's Standard Deviation of 0.7879, risk adjusted performance of (0.05), and Information Ratio of (0.11) to confirm the risk estimate we provide. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Simple Mart are completely uncorrelated. At this point, Simple Mart Retail has a negative expected return of -0.0492%. Please make sure to validate Simple Mart's information ratio, maximum drawdown, and the relationship between the variance and total risk alpha , to decide if Simple Mart Retail performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Simple Mart Retail has very weak reverse predictability. Overlapping area represents the amount of predictability between Simple Mart time series from 28th of November 2023 to 10th of June 2024 and 10th of June 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 Simple Mart Retail price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Simple Mart price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Simple Mart Retail lagged returns against current returns
Autocorrelation, which is Simple Mart 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 Simple Mart's stock expected returns. We can calculate the autocorrelation of Simple Mart returns to help us make a trade decision. For example, suppose you find that Simple Mart 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 |
Simple Mart 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 Simple Mart stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Simple Mart stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Simple Mart stock over time.
Current vs Lagged Prices |
| Timeline |
Simple Mart Lagged Returns
When evaluating Simple Mart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Simple Mart stock have on its future price. Simple Mart 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, Simple Mart autocorrelation shows the relationship between Simple Mart stock current value and its past values and can show if there is a momentum factor associated with investing in Simple Mart Retail.
Regressed Prices |
| Timeline |
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When running Simple Mart's price analysis, check to measure Simple Mart'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 Simple Mart is operating at the current time. Most of Simple Mart's value examination focuses on studying past and present price action to predict the probability of Simple Mart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Simple Mart's price. Additionally, you may evaluate how the addition of Simple Mart to your portfolios can decrease your overall portfolio volatility.