Sinosun Tech (China) Market Value
| 300333 Stock | 15.55 0.23 1.46% |
| Symbol | Sinosun |
Sinosun Tech '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 Sinosun Tech'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 Sinosun Tech.
| 02/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in Sinosun Tech on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding Sinosun Tech or generate 0.0% return on investment in Sinosun Tech over 720 days. Sinosun Tech is related to or competes with Western Metal, Guocheng Mining, Fibocom Wireless, ZJBC Information, Anhui Tongguan, East Money, and Zhongfu Information. Sinosun Tech is entity of China. It is traded as Stock on SHE exchange. More
Sinosun Tech 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 Sinosun Tech'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 Sinosun Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.52 | |||
| Information Ratio | 0.0954 | |||
| Maximum Drawdown | 33.5 | |||
| Value At Risk | (9.75) | |||
| Potential Upside | 19.75 |
Sinosun Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sinosun Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sinosun Tech's standard deviation. In reality, there are many statistical measures that can use Sinosun Tech historical prices to predict the future Sinosun Tech's volatility.| Risk Adjusted Performance | 0.0919 | |||
| Jensen Alpha | 0.7246 | |||
| Total Risk Alpha | 0.5715 | |||
| Sortino Ratio | 0.1123 | |||
| Treynor Ratio | 0.5296 |
Sinosun Tech Backtested Returns
Sinosun Tech appears to be slightly risky, given 3 months investment horizon. Sinosun Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12 % return per unit of risk over the last 3 months. By inspecting Sinosun Tech's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please review Sinosun Tech's Risk Adjusted Performance of 0.0919, coefficient of variation of 1007.54, and Semi Deviation of 6.08 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sinosun Tech holds a performance score of 9. The entity has a beta of 1.42, 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, Sinosun Tech will likely underperform. Please check Sinosun Tech's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sinosun Tech's existing price patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Sinosun Tech has modest predictability. Overlapping area represents the amount of predictability between Sinosun Tech time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st of January 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 Sinosun Tech price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Sinosun Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 20.19 |
Sinosun Tech lagged returns against current returns
Autocorrelation, which is Sinosun Tech 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 Sinosun Tech's stock expected returns. We can calculate the autocorrelation of Sinosun Tech returns to help us make a trade decision. For example, suppose you find that Sinosun Tech 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 |
Sinosun Tech 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 Sinosun Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sinosun Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sinosun Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Sinosun Tech Lagged Returns
When evaluating Sinosun Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sinosun Tech stock have on its future price. Sinosun Tech 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, Sinosun Tech autocorrelation shows the relationship between Sinosun Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Sinosun Tech.
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 Sinosun Stock
Sinosun Tech financial ratios help investors to determine whether Sinosun 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 Sinosun with respect to the benefits of owning Sinosun Tech security.