Swancor Holding (Taiwan) Market Value
| 3708 Stock | TWD 91.60 1.50 1.61% |
| Symbol | Swancor |
Swancor Holding '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 Swancor Holding'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 Swancor Holding.
| 12/25/2022 |
| 12/14/2024 |
If you would invest 0.00 in Swancor Holding on December 25, 2022 and sell it all today you would earn a total of 0.00 from holding Swancor Holding Co or generate 0.0% return on investment in Swancor Holding over 720 days. Swancor Holding is related to or competes with Century Iron, Yeong Guan, Chung Hsin, Unimicron Technology, and United Integrated. Swancor Holding Co., LTD. produces and sells chemical products in Taiwan and internationally More
Swancor Holding 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 Swancor Holding'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 Swancor Holding Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 16.38 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 3.94 |
Swancor Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Swancor Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Swancor Holding's standard deviation. In reality, there are many statistical measures that can use Swancor Holding historical prices to predict the future Swancor Holding's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 0.8548 |
Swancor Holding Backtested Returns
Swancor Holding 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. Swancor Holding Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Swancor Holding's Variance of 6.63, coefficient of variation of (793.33), and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The entity has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Swancor Holding are expected to decrease at a much lower rate. During the bear market, Swancor Holding is likely to outperform the market. At this point, Swancor Holding has a negative expected return of -0.36%. Please make sure to validate Swancor Holding's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Swancor Holding performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Swancor Holding Co has weak reverse predictability. Overlapping area represents the amount of predictability between Swancor Holding time series from 25th of December 2022 to 20th of December 2023 and 20th of December 2023 to 14th 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 Swancor Holding price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Swancor Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 307.81 |
Swancor Holding lagged returns against current returns
Autocorrelation, which is Swancor Holding 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 Swancor Holding's stock expected returns. We can calculate the autocorrelation of Swancor Holding returns to help us make a trade decision. For example, suppose you find that Swancor Holding 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 |
Swancor Holding 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 Swancor Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Swancor Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Swancor Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Swancor Holding Lagged Returns
When evaluating Swancor Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Swancor Holding stock have on its future price. Swancor Holding 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, Swancor Holding autocorrelation shows the relationship between Swancor Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Swancor Holding Co.
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 Swancor Stock Analysis
When running Swancor Holding's price analysis, check to measure Swancor Holding'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 Swancor Holding is operating at the current time. Most of Swancor Holding's value examination focuses on studying past and present price action to predict the probability of Swancor Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Swancor Holding's price. Additionally, you may evaluate how the addition of Swancor Holding to your portfolios can decrease your overall portfolio volatility.