Silitech Technology (Taiwan) Market Value
| 3311 Stock | TWD 34.75 0.25 0.72% |
| Symbol | Silitech |
Silitech Technology '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 Silitech Technology'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 Silitech Technology.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Silitech Technology on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Silitech Technology Corp or generate 0.0% return on investment in Silitech Technology over 720 days. Silitech Technology is related to or competes with Ichia Technologies, Cheng Uei, Gemtek Technology, Sunplus Technology, and Min Aik. Silitech Technology Corporation engages in the manufacture and sale of modules and rubber products in China, Malaysia, T... More
Silitech Technology 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 Silitech Technology'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 Silitech Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.45 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.25 |
Silitech Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silitech Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silitech Technology's standard deviation. In reality, there are many statistical measures that can use Silitech Technology historical prices to predict the future Silitech Technology's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.98) |
Silitech Technology Corp Backtested Returns
Silitech Technology Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Silitech Technology Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Silitech Technology's Risk Adjusted Performance of (0.08), coefficient of variation of (982.90), and Variance of 0.9377 to confirm the risk estimate we provide. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Silitech Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Silitech Technology is expected to be smaller as well. At this point, Silitech Technology Corp has a negative expected return of -0.14%. Please make sure to validate Silitech Technology's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Silitech Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Silitech Technology Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Silitech Technology time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Silitech Technology Corp price movement. The serial correlation of -0.5 indicates that about 50.0% of current Silitech Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 3.58 |
Silitech Technology Corp lagged returns against current returns
Autocorrelation, which is Silitech Technology 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 Silitech Technology's stock expected returns. We can calculate the autocorrelation of Silitech Technology returns to help us make a trade decision. For example, suppose you find that Silitech Technology 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 |
Silitech Technology 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 Silitech Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silitech Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silitech Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Silitech Technology Lagged Returns
When evaluating Silitech Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silitech Technology stock have on its future price. Silitech Technology 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, Silitech Technology autocorrelation shows the relationship between Silitech Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Silitech Technology Corp.
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 Silitech Stock Analysis
When running Silitech Technology's price analysis, check to measure Silitech Technology'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 Silitech Technology is operating at the current time. Most of Silitech Technology's value examination focuses on studying past and present price action to predict the probability of Silitech Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Silitech Technology's price. Additionally, you may evaluate how the addition of Silitech Technology to your portfolios can decrease your overall portfolio volatility.