Super Dragon (Taiwan) Market Value
| 9955 Stock | TWD 28.80 1.15 3.84% |
| Symbol | Super |
Super Dragon '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 Super Dragon'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 Super Dragon.
| 12/27/2022 |
| 12/16/2024 |
If you would invest 0.00 in Super Dragon on December 27, 2022 and sell it all today you would earn a total of 0.00 from holding Super Dragon Technology or generate 0.0% return on investment in Super Dragon over 720 days. Super Dragon is related to or competes with Tainan Spinning, Lealea Enterprise, China Petrochemical, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, and Leader Electronics. Super Dragon Technology Co., Ltd., an environmentally-owned technology company, provides waste treatment and recycling s... More
Super Dragon 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 Super Dragon'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 Super Dragon Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.72 |
Super Dragon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Super Dragon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Super Dragon's standard deviation. In reality, there are many statistical measures that can use Super Dragon historical prices to predict the future Super Dragon's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 1.5 |
Super Dragon Technology Backtested Returns
Super Dragon Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19% return per unit of risk over the last 3 months. Super Dragon Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Super Dragon's Variance of 3.86, coefficient of variation of (717.83), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Super Dragon are expected to decrease at a much lower rate. During the bear market, Super Dragon is likely to outperform the market. At this point, Super Dragon Technology has a negative expected return of -0.36%. Please make sure to validate Super Dragon's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Super Dragon Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Super Dragon Technology has very weak predictability. Overlapping area represents the amount of predictability between Super Dragon time series from 27th of December 2022 to 22nd of December 2023 and 22nd of December 2023 to 16th 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 Super Dragon Technology price movement. The serial correlation of 0.16 indicates that over 16.0% of current Super Dragon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 25.3 |
Super Dragon Technology lagged returns against current returns
Autocorrelation, which is Super Dragon 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 Super Dragon's stock expected returns. We can calculate the autocorrelation of Super Dragon returns to help us make a trade decision. For example, suppose you find that Super Dragon 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 |
Super Dragon 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 Super Dragon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Super Dragon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Super Dragon stock over time.
Current vs Lagged Prices |
| Timeline |
Super Dragon Lagged Returns
When evaluating Super Dragon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Super Dragon stock have on its future price. Super Dragon 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, Super Dragon autocorrelation shows the relationship between Super Dragon stock current value and its past values and can show if there is a momentum factor associated with investing in Super Dragon Technology.
Regressed Prices |
| Timeline |
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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 Super Stock Analysis
When running Super Dragon's price analysis, check to measure Super Dragon'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 Super Dragon is operating at the current time. Most of Super Dragon's value examination focuses on studying past and present price action to predict the probability of Super Dragon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Super Dragon's price. Additionally, you may evaluate how the addition of Super Dragon to your portfolios can decrease your overall portfolio volatility.