Silitech Technology's market value is the price at which a share of Silitech Technology trades on a public exchange. It measures the collective expectations of Silitech Technology Corp investors about its performance. Silitech Technology is selling for under 33.50 as of the 12th of January 2025; that is 0.89% down since the beginning of the trading day. The stock's lowest day price was 33.5. With this module, you can estimate the performance of a buy and hold strategy of Silitech Technology Corp and determine expected loss or profit from investing in Silitech Technology over a given investment horizon. Check out Silitech Technology Correlation, Silitech Technology Volatility and Silitech Technology Alpha and Beta module to complement your research on Silitech Technology.
Please note, there is a significant difference between Silitech Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Silitech Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Silitech Technology'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.
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.
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12/13/2024
No Change 0.00
0.0
In 30 days
01/12/2025
0.00
If you would invest 0.00 in Silitech Technology on December 13, 2024 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 30 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.
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.
Silitech Technology Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of risk over the last 3 months. Silitech Technology Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Silitech Technology's Coefficient Of Variation of (591.63), variance of 1.1, and Risk Adjusted Performance of (0.14) to confirm the risk estimate we provide. The entity has a beta of 0.0777, 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 -0.2%. Please make sure to validate Silitech Technology's coefficient of variation, jensen alpha, treynor ratio, as well as 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
-0.08
Very weak reverse predictability
Silitech Technology Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Silitech Technology time series from 13th of December 2024 to 28th of December 2024 and 28th of December 2024 to 12th 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 Silitech Technology Corp price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Silitech Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.08
Spearman Rank Test
-0.38
Residual Average
0.0
Price Variance
0.1
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
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.
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.