Sunny Optical Technology Stock Market Value
| SOTGY Stock | USD 86.69 3.86 4.66% |
| Symbol | Sunny |
Sunny Optical '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 Optical's pink sheet 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 Optical.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Sunny Optical on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sunny Optical Technology or generate 0.0% return on investment in Sunny Optical over 30 days. Sunny Optical is related to or competes with Ouster, Kopin, Vicor, Fabrinet, Neonode, Wallbox NV, and Corning Incorporated. Sunny Optical Technology Company Limited, an investment holding company, engages in designing, researching, developing, ... More
Sunny Optical 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 Optical's pink sheet 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 Optical Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.94 | |||
| Information Ratio | 0.1465 | |||
| Maximum Drawdown | 25.69 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 8.48 |
Sunny Optical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sunny Optical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sunny Optical's standard deviation. In reality, there are many statistical measures that can use Sunny Optical historical prices to predict the future Sunny Optical's volatility.| Risk Adjusted Performance | 0.1307 | |||
| Jensen Alpha | 0.7175 | |||
| Total Risk Alpha | 0.1897 | |||
| Sortino Ratio | 0.1668 | |||
| Treynor Ratio | 2.24 |
Sunny Optical Technology Backtested Returns
Sunny Optical appears to be very steady, given 3 months investment horizon. Sunny Optical Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting Sunny Optical's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please review Sunny Optical's Risk Adjusted Performance of 0.1307, coefficient of variation of 592.58, and Semi Deviation of 3.42 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sunny Optical holds a performance score of 13. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sunny Optical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sunny Optical is expected to be smaller as well. Please check Sunny Optical's potential upside, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Sunny Optical's existing price patterns will revert.
Auto-correlation | 0.42 |
Average predictability
Sunny Optical Technology has average predictability. Overlapping area represents the amount of predictability between Sunny Optical time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Optical Technology price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Sunny Optical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 6.52 |
Sunny Optical Technology lagged returns against current returns
Autocorrelation, which is Sunny Optical pink sheet'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 Optical's pink sheet expected returns. We can calculate the autocorrelation of Sunny Optical returns to help us make a trade decision. For example, suppose you find that Sunny Optical has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Optical 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 Optical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sunny Optical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sunny Optical pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Sunny Optical Lagged Returns
When evaluating Sunny Optical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sunny Optical pink sheet have on its future price. Sunny Optical 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 Optical autocorrelation shows the relationship between Sunny Optical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Sunny Optical 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 Sunny Pink Sheet Analysis
When running Sunny Optical's price analysis, check to measure Sunny Optical'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 Optical is operating at the current time. Most of Sunny Optical's value examination focuses on studying past and present price action to predict the probability of Sunny Optical'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 Optical's price. Additionally, you may evaluate how the addition of Sunny Optical to your portfolios can decrease your overall portfolio volatility.