SIM Technology (Taiwan) Market Value

912000 Stock  TWD 3.02  0.01  0.33%   
SIM Technology's market value is the price at which a share of SIM Technology trades on a public exchange. It measures the collective expectations of SIM Technology Group investors about its performance. SIM Technology is trading at 3.02 as of the 23rd of December 2024, a 0.33 percent decrease since the beginning of the trading day. The stock's open price was 3.03.
With this module, you can estimate the performance of a buy and hold strategy of SIM Technology Group and determine expected loss or profit from investing in SIM Technology over a given investment horizon. Check out SIM Technology Correlation, SIM Technology Volatility and SIM Technology Alpha and Beta module to complement your research on SIM Technology.
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Please note, there is a significant difference between SIM Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if SIM Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SIM Technology'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.

SIM Technology '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 SIM Technology'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 SIM Technology.
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 SIM Technology on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding SIM Technology Group or generate 0.0% return on investment in SIM Technology over 30 days. SIM Technology is related to or competes with Accton Technology, HTC Corp, Wistron NeWeb, Arcadyan Technology, Sercomm Corp, Alpha Networks, and Unizyx Holding. SIM Technology Group Limited, an investment holding company, operates in the mobile communication and Internet of Things... More

SIM Technology 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 SIM Technology'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 SIM Technology Group upside and downside potential and time the market with a certain degree of confidence.

SIM Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for SIM Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SIM Technology's standard deviation. In reality, there are many statistical measures that can use SIM Technology historical prices to predict the future SIM Technology's volatility.
Hype
Prediction
LowEstimatedHigh
1.143.034.92
Details
Intrinsic
Valuation
LowRealHigh
1.233.125.01
Details

SIM Technology Group Backtested Returns

At this point, SIM Technology is slightly risky. SIM Technology Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.023, which indicates the firm had a 0.023% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for SIM Technology Group, which you can use to evaluate the volatility of the company. Please validate SIM Technology's risk adjusted performance of 0.0172, and Coefficient Of Variation of 6915.01 to confirm if the risk estimate we provide is consistent with the expected return of 0.0434%. SIM Technology has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SIM Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding SIM Technology is expected to be smaller as well. SIM Technology Group currently has a risk of 1.89%. Please validate SIM Technology information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if SIM Technology will be following its existing price patterns.

Auto-correlation

    
  0.45  

Average predictability

SIM Technology Group has average predictability. Overlapping area represents the amount of predictability between SIM Technology 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 SIM Technology Group price movement. The serial correlation of 0.45 indicates that just about 45.0% of current SIM Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test0.34
Residual Average0.0
Price Variance0.0

SIM Technology Group lagged returns against current returns

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

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

SIM Technology Lagged Returns

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

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Other Information on Investing in SIM Stock

SIM Technology financial ratios help investors to determine whether SIM Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SIM with respect to the benefits of owning SIM Technology security.