Sunny Friend (Taiwan) Market Value
| 8341 Stock | TWD 90.50 0.40 0.44% |
| Symbol | Sunny |
Sunny Friend '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 Sunny Friend'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 Sunny Friend.
| 04/11/2024 |
| 12/07/2024 |
If you would invest 0.00 in Sunny Friend on April 11, 2024 and sell it all today you would earn a total of 0.00 from holding Sunny Friend Environmental or generate 0.0% return on investment in Sunny Friend over 240 days. Sunny Friend is related to or competes with Cleanaway, Taiwan Secom, ECOVE Environment, TTET Union, and President Chain. Sunny Friend Environmental Technology Co., Ltd More
Sunny Friend 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 Sunny Friend'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 Sunny Friend Environmental upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.46 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 3.22 |
Sunny Friend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunny Friend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunny Friend's standard deviation. In reality, there are many statistical measures that can use Sunny Friend historical prices to predict the future Sunny Friend's volatility.| Risk Adjusted Performance | 0.0182 | |||
| Jensen Alpha | 0.0421 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.13) |
Sunny Friend Environ Backtested Returns
At this stage we consider Sunny Stock to be very steady. Sunny Friend Environ owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0422, which indicates the firm had a 0.0422% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sunny Friend Environmental, which you can use to evaluate the volatility of the company. Please validate Sunny Friend's Coefficient Of Variation of 6116.66, semi deviation of 1.57, and Risk Adjusted Performance of 0.0182 to confirm if the risk estimate we provide is consistent with the expected return of 0.0785%. Sunny Friend has a performance score of 3 on a scale of 0 to 100. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sunny Friend are expected to decrease at a much lower rate. During the bear market, Sunny Friend is likely to outperform the market. Sunny Friend Environ right now has a risk of 1.86%. Please validate Sunny Friend downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Sunny Friend will be following its existing price patterns.
Auto-correlation | 0.27 |
Poor predictability
Sunny Friend Environmental has poor predictability. Overlapping area represents the amount of predictability between Sunny Friend time series from 11th of April 2024 to 9th of August 2024 and 9th of August 2024 to 7th 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 Sunny Friend Environ price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Sunny Friend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 13.79 |
Sunny Friend Environ lagged returns against current returns
Autocorrelation, which is Sunny Friend 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 Sunny Friend's stock expected returns. We can calculate the autocorrelation of Sunny Friend returns to help us make a trade decision. For example, suppose you find that Sunny Friend 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 |
Sunny Friend 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 Sunny Friend stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunny Friend stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunny Friend stock over time.
Current vs Lagged Prices |
| Timeline |
Sunny Friend Lagged Returns
When evaluating Sunny Friend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunny Friend stock have on its future price. Sunny Friend 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, Sunny Friend autocorrelation shows the relationship between Sunny Friend stock current value and its past values and can show if there is a momentum factor associated with investing in Sunny Friend Environmental.
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 Sunny Stock Analysis
When running Sunny Friend's price analysis, check to measure Sunny Friend'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 Sunny Friend is operating at the current time. Most of Sunny Friend's value examination focuses on studying past and present price action to predict the probability of Sunny Friend's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunny Friend's price. Additionally, you may evaluate how the addition of Sunny Friend to your portfolios can decrease your overall portfolio volatility.