Sunfar Computer (Taiwan) Market Value
| 6154 Stock | TWD 16.05 0.10 0.62% |
| Symbol | Sunfar |
Sunfar Computer '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 Sunfar Computer'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 Sunfar Computer.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Sunfar Computer on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Sunfar Computer Co or generate 0.0% return on investment in Sunfar Computer over 30 days. Sunfar Computer is related to or competes with De Licacy, Unique Optical, Softstar Entertainment, Chernan Metal, MediaTek, Newretail, and Yi Jinn. Sunfar Computer Co., Ltd sells various goods for consumers in Taiwan More
Sunfar Computer 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 Sunfar Computer'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 Sunfar Computer Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0703 | |||
| Maximum Drawdown | 4.81 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 0.9585 |
Sunfar Computer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunfar Computer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunfar Computer's standard deviation. In reality, there are many statistical measures that can use Sunfar Computer historical prices to predict the future Sunfar Computer's volatility.| Risk Adjusted Performance | 0.0084 | |||
| Jensen Alpha | 0.0051 | |||
| Total Risk Alpha | 0.0658 | |||
| Sortino Ratio | 0.0509 | |||
| Treynor Ratio | (0.02) |
Sunfar Computer Backtested Returns
At this stage we consider Sunfar Stock to be very steady. Sunfar Computer owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0368, which indicates the firm had a 0.0368 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sunfar Computer Co, which you can use to evaluate the volatility of the company. Please validate Sunfar Computer's Semi Deviation of 0.8432, coefficient of variation of 10211.33, and Risk Adjusted Performance of 0.0084 to confirm if the risk estimate we provide is consistent with the expected return of 0.0324%. Sunfar Computer has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sunfar Computer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunfar Computer is expected to be smaller as well. Sunfar Computer right now has a risk of 0.88%. Please validate Sunfar Computer information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Sunfar Computer will be following its existing price patterns.
Auto-correlation | -0.02 |
Very weak reverse predictability
Sunfar Computer Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Sunfar Computer time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th of March 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 Sunfar Computer price movement. The serial correlation of -0.02 indicates that only 2.0% of current Sunfar Computer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Sunfar Computer lagged returns against current returns
Autocorrelation, which is Sunfar Computer 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 Sunfar Computer's stock expected returns. We can calculate the autocorrelation of Sunfar Computer returns to help us make a trade decision. For example, suppose you find that Sunfar Computer 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 |
Sunfar Computer 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 Sunfar Computer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunfar Computer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunfar Computer stock over time.
Current vs Lagged Prices |
| Timeline |
Sunfar Computer Lagged Returns
When evaluating Sunfar Computer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunfar Computer stock have on its future price. Sunfar Computer 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, Sunfar Computer autocorrelation shows the relationship between Sunfar Computer stock current value and its past values and can show if there is a momentum factor associated with investing in Sunfar Computer Co.
Regressed Prices |
| Timeline |
Pair Trading with Sunfar Computer
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 Sunfar Computer 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 Sunfar Computer will appreciate offsetting losses from the drop in the long position's value.Moving together with Sunfar Stock
Moving against Sunfar Stock
The ability to find closely correlated positions to Sunfar Computer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunfar Computer 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 Sunfar Computer - 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 Sunfar Computer Co to buy it.
The correlation of Sunfar Computer 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 Sunfar Computer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunfar Computer 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 Sunfar Computer 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 Sunfar Stock Analysis
When running Sunfar Computer's price analysis, check to measure Sunfar Computer'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 Sunfar Computer is operating at the current time. Most of Sunfar Computer's value examination focuses on studying past and present price action to predict the probability of Sunfar Computer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunfar Computer's price. Additionally, you may evaluate how the addition of Sunfar Computer to your portfolios can decrease your overall portfolio volatility.