Shieh Yih (Taiwan) Market Value
| 4533 Stock | TWD 39.60 0.40 1.00% |
| Symbol | Shieh |
Shieh Yih '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 Shieh Yih'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 Shieh Yih.
| 12/25/2023 |
| 12/19/2024 |
If you would invest 0.00 in Shieh Yih on December 25, 2023 and sell it all today you would earn a total of 0.00 from holding Shieh Yih Machinery or generate 0.0% return on investment in Shieh Yih over 360 days. Shieh Yih is related to or competes with Wan Hai, and China Airlines. More
Shieh Yih 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 Shieh Yih'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 Shieh Yih Machinery upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.22 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 4.65 |
Shieh Yih Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shieh Yih's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shieh Yih's standard deviation. In reality, there are many statistical measures that can use Shieh Yih historical prices to predict the future Shieh Yih's volatility.| Risk Adjusted Performance | 0.004 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.07) |
Shieh Yih Machinery Backtested Returns
Shieh Yih Machinery owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0108, which indicates the firm had a -0.0108% return per unit of risk over the last 3 months. Shieh Yih Machinery exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shieh Yih's Variance of 5.15, risk adjusted performance of 0.004, and Coefficient Of Variation of (31,973) to confirm the risk estimate we provide. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shieh Yih's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shieh Yih is expected to be smaller as well. At this point, Shieh Yih Machinery has a negative expected return of -0.0251%. Please make sure to validate Shieh Yih's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Shieh Yih Machinery performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Shieh Yih Machinery has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Shieh Yih time series from 25th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 19th 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 Shieh Yih Machinery price movement. The serial correlation of -0.78 indicates that around 78.0% of current Shieh Yih price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 11.53 |
Shieh Yih Machinery lagged returns against current returns
Autocorrelation, which is Shieh Yih 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 Shieh Yih's stock expected returns. We can calculate the autocorrelation of Shieh Yih returns to help us make a trade decision. For example, suppose you find that Shieh Yih 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 |
Shieh Yih 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 Shieh Yih stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shieh Yih stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shieh Yih stock over time.
Current vs Lagged Prices |
| Timeline |
Shieh Yih Lagged Returns
When evaluating Shieh Yih's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shieh Yih stock have on its future price. Shieh Yih 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, Shieh Yih autocorrelation shows the relationship between Shieh Yih stock current value and its past values and can show if there is a momentum factor associated with investing in Shieh Yih Machinery.
Regressed Prices |
| Timeline |
Pair Trading with Shieh Yih
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Shieh Yih position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Shieh Yih will appreciate offsetting losses from the drop in the long position's value.Moving together with Shieh Stock
| 0.8 | 1516 | Falcon Power Split | PairCorr |
| 0.69 | 6785 | Alar Pharmaceuticals | PairCorr |
| 0.7 | 1435 | Chung Fu Tex | PairCorr |
The ability to find closely correlated positions to Shieh Yih could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shieh Yih when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Shieh Yih - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Shieh Yih Machinery to buy it.
The correlation of Shieh Yih is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shieh Yih moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shieh Yih Machinery moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Shieh Yih can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Shieh Stock Analysis
When running Shieh Yih's price analysis, check to measure Shieh Yih'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 Shieh Yih is operating at the current time. Most of Shieh Yih's value examination focuses on studying past and present price action to predict the probability of Shieh Yih's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shieh Yih's price. Additionally, you may evaluate how the addition of Shieh Yih to your portfolios can decrease your overall portfolio volatility.