Sinosun Tech's market value is the price at which a share of Sinosun Tech trades on a public exchange. It measures the collective expectations of Sinosun Tech investors about its performance. Sinosun Tech is trading at 14.98 as of the 6th of January 2025, a 13.46 percent decrease since the beginning of the trading day. The stock's open price was 17.31. With this module, you can estimate the performance of a buy and hold strategy of Sinosun Tech and determine expected loss or profit from investing in Sinosun Tech over a given investment horizon. Check out Sinosun Tech Correlation, Sinosun Tech Volatility and Sinosun Tech Alpha and Beta module to complement your research on Sinosun Tech.
Please note, there is a significant difference between Sinosun Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sinosun Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sinosun Tech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
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01/12/2024
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In 11 months and 27 days
01/06/2025
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If you would invest 0.00 in Sinosun Tech on January 12, 2024 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 360 days. Sinosun Tech is related to or competes with Biwin Storage, PetroChina, Industrial, China Construction, China Petroleum, Agricultural Bank, and Bank of China. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sinosun Tech. Your research has to be compared to or analyzed against Sinosun Tech's peers to derive any actionable benefits. When done correctly, Sinosun Tech's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sinosun Tech.
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 0.0954, which indicates the firm had a 0.0954% 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 0.74% is justified by implied risk. Please review Sinosun Tech's Coefficient Of Variation of 581.25, risk adjusted performance of 0.1486, and Semi Deviation of 6.37 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 7. The entity has a beta of -0.0277, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sinosun Tech are expected to decrease at a much lower rate. During the bear market, Sinosun Tech is likely to outperform the market. Please check Sinosun Tech's downside deviation, standard deviation, total risk alpha, as well as 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
-0.36
Poor reverse predictability
Sinosun Tech has poor reverse predictability. Overlapping area represents the amount of predictability between Sinosun Tech time series from 12th of January 2024 to 10th of July 2024 and 10th of July 2024 to 6th 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 -0.36 indicates that just about 36.0% of current Sinosun Tech price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.36
Spearman Rank Test
-0.37
Residual Average
0.0
Price Variance
22.41
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.
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.