Sun Max (Taiwan) Market Value
| 6591 Stock | 56.10 3.40 6.45% |
| Symbol | Sun |
Sun Max '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 Sun Max'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 Sun Max.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Sun Max on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Sun Max Tech or generate 0.0% return on investment in Sun Max over 30 days. Sun Max is related to or competes with ASRock, Ko Ja, Chenbro Micom, Leadtek Research, and Wiwynn Corp. More
Sun Max 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 Sun Max'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 Sun Max Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.0243 | |||
| Maximum Drawdown | 6.78 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 3.17 |
Sun Max Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sun Max's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sun Max's standard deviation. In reality, there are many statistical measures that can use Sun Max historical prices to predict the future Sun Max's volatility.| Risk Adjusted Performance | 0.0709 | |||
| Jensen Alpha | 0.1083 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0239 | |||
| Treynor Ratio | 0.3811 |
Sun Max Tech Backtested Returns
Sun Max appears to be very steady, given 3 months investment horizon. Sun Max Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Sun Max Tech, which you can use to evaluate the volatility of the company. Please review Sun Max's Coefficient Of Variation of 1173.35, semi deviation of 1.69, and Risk Adjusted Performance of 0.0709 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sun Max holds a performance score of 10. The entity has a beta of 0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sun Max's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sun Max is expected to be smaller as well. Please check Sun Max's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Sun Max's existing price patterns will revert.
Auto-correlation | 0.21 |
Weak predictability
Sun Max Tech has weak predictability. Overlapping area represents the amount of predictability between Sun Max time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Sun Max Tech price movement. The serial correlation of 0.21 indicates that over 21.0% of current Sun Max price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 2.9 |
Sun Max Tech lagged returns against current returns
Autocorrelation, which is Sun Max 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 Sun Max's stock expected returns. We can calculate the autocorrelation of Sun Max returns to help us make a trade decision. For example, suppose you find that Sun Max 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 |
Sun Max 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 Sun Max stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sun Max stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sun Max stock over time.
Current vs Lagged Prices |
| Timeline |
Sun Max Lagged Returns
When evaluating Sun Max's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sun Max stock have on its future price. Sun Max 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, Sun Max autocorrelation shows the relationship between Sun Max stock current value and its past values and can show if there is a momentum factor associated with investing in Sun Max Tech.
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.Additional Tools for Sun Stock Analysis
When running Sun Max's price analysis, check to measure Sun Max'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 Sun Max is operating at the current time. Most of Sun Max's value examination focuses on studying past and present price action to predict the probability of Sun Max's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Max's price. Additionally, you may evaluate how the addition of Sun Max to your portfolios can decrease your overall portfolio volatility.