Sunfon Construction (Taiwan) Market Value

5514 Stock  TWD 19.75  0.20  1.02%   
Sunfon Construction's market value is the price at which a share of Sunfon Construction trades on a public exchange. It measures the collective expectations of Sunfon Construction Co investors about its performance. Sunfon Construction is selling for under 19.75 as of the 23rd of December 2024; that is 1.02 percent increase since the beginning of the trading day. The stock's lowest day price was 19.55.
With this module, you can estimate the performance of a buy and hold strategy of Sunfon Construction Co and determine expected loss or profit from investing in Sunfon Construction over a given investment horizon. Check out Sunfon Construction Correlation, Sunfon Construction Volatility and Sunfon Construction Alpha and Beta module to complement your research on Sunfon Construction.
Symbol

Please note, there is a significant difference between Sunfon Construction's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sunfon Construction is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sunfon Construction'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.

Sunfon Construction '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 Sunfon Construction'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 Sunfon Construction.
0.00
11/23/2024
No Change 0.00  0.0 
In 31 days
12/23/2024
0.00
If you would invest  0.00  in Sunfon Construction on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Sunfon Construction Co or generate 0.0% return on investment in Sunfon Construction over 30 days. Sunfon Construction is related to or competes with Sino Horizon, Run Long, Chong Hong, Sinyi Realty, JSL Construction, Delpha Construction, and Yungshin Construction. Sunfon Construction Co., Ltd. engages in the development, construction, and sale of public housing and commercial buildi... More

Sunfon Construction 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 Sunfon Construction'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 Sunfon Construction Co upside and downside potential and time the market with a certain degree of confidence.

Sunfon Construction Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunfon Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunfon Construction's standard deviation. In reality, there are many statistical measures that can use Sunfon Construction historical prices to predict the future Sunfon Construction's volatility.
Hype
Prediction
LowEstimatedHigh
18.8219.7520.68
Details
Intrinsic
Valuation
LowRealHigh
15.4816.4121.73
Details
Naive
Forecast
LowNextHigh
18.8219.7520.67
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
19.3719.9920.61
Details

Sunfon Construction Backtested Returns

Sunfon Construction owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of risk over the last 3 months. Sunfon Construction Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sunfon Construction's Variance of 0.8874, risk adjusted performance of (0.16), and Coefficient Of Variation of (488.25) to confirm the risk estimate we provide. The entity has a beta of -0.0796, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sunfon Construction are expected to decrease at a much lower rate. During the bear market, Sunfon Construction is likely to outperform the market. At this point, Sunfon Construction has a negative expected return of -0.16%. Please make sure to validate Sunfon Construction's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Sunfon Construction performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.69  

Good predictability

Sunfon Construction Co has good predictability. Overlapping area represents the amount of predictability between Sunfon Construction time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Sunfon Construction price movement. The serial correlation of 0.69 indicates that around 69.0% of current Sunfon Construction price fluctuation can be explain by its past prices.
Correlation Coefficient0.69
Spearman Rank Test0.69
Residual Average0.0
Price Variance0.02

Sunfon Construction lagged returns against current returns

Autocorrelation, which is Sunfon Construction 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 Sunfon Construction's stock expected returns. We can calculate the autocorrelation of Sunfon Construction returns to help us make a trade decision. For example, suppose you find that Sunfon Construction 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  

Sunfon Construction 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 Sunfon Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunfon Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunfon Construction stock over time.
   Current vs Lagged Prices   
       Timeline  

Sunfon Construction Lagged Returns

When evaluating Sunfon Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunfon Construction stock have on its future price. Sunfon Construction 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, Sunfon Construction autocorrelation shows the relationship between Sunfon Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Sunfon Construction Co.
   Regressed Prices   
       Timeline  

Pair Trading with Sunfon Construction

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 Sunfon Construction 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 Sunfon Construction will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sunfon Stock

  0.782923 Sino Horizon HoldingsPairCorr
  0.621808 Run Long Construction SplitPairCorr
  0.845534 Chong Hong ConstructionPairCorr
  0.849940 Sinyi RealtyPairCorr
  0.862540 JSL Construction DevPairCorr

Moving against Sunfon Stock

  0.952881A Fubon Financial HoldingPairCorr
  0.92891B CTBC Financial HoldingPairCorr
  0.882882B Cathay Financial HoldingPairCorr
  0.881231 Lian Hwa FoodsPairCorr
  0.853036A WT MicroelectronicsPairCorr
The ability to find closely correlated positions to Sunfon Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunfon Construction 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 Sunfon Construction - 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 Sunfon Construction Co to buy it.
The correlation of Sunfon Construction 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 Sunfon Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunfon Construction 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 Sunfon Construction 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.
Pair CorrelationCorrelation Matching

Additional Tools for Sunfon Stock Analysis

When running Sunfon Construction's price analysis, check to measure Sunfon Construction'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 Sunfon Construction is operating at the current time. Most of Sunfon Construction's value examination focuses on studying past and present price action to predict the probability of Sunfon Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunfon Construction's price. Additionally, you may evaluate how the addition of Sunfon Construction to your portfolios can decrease your overall portfolio volatility.