Synex International Stock Market Value
| SXI Stock | CAD 1.54 0.00 0.00% |
| Symbol | Synex |
Synex International Price To Book Ratio
Synex International '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 Synex International'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 Synex International.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Synex International on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Synex International or generate 0.0% return on investment in Synex International over 30 days. Synex International is related to or competes with Maxim Power, Senvest Capital, Taiga Building, Solitario Exploration, and Vecima Networks. Synex International Inc. develops, owns, and operates electric power facilities More
Synex International 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 Synex International'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 Synex International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.73 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 1.79 |
Synex International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synex International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Synex International's standard deviation. In reality, there are many statistical measures that can use Synex International historical prices to predict the future Synex International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 0.3136 |
Synex International Backtested Returns
Synex International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0882, which indicates the firm had a -0.0882 % return per unit of risk over the last 3 months. Synex International exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Synex International's Risk Adjusted Performance of (0.05), variance of 3.09, and Coefficient Of Variation of (1,308) to confirm the risk estimate we provide. The entity has a beta of -0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Synex International are expected to decrease at a much lower rate. During the bear market, Synex International is likely to outperform the market. At this point, Synex International has a negative expected return of -0.16%. Please make sure to validate Synex International's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Synex International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Synex International has insignificant predictability. Overlapping area represents the amount of predictability between Synex International time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Synex International price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Synex International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Synex International lagged returns against current returns
Autocorrelation, which is Synex International 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 Synex International's stock expected returns. We can calculate the autocorrelation of Synex International returns to help us make a trade decision. For example, suppose you find that Synex International 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 |
Synex International 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 Synex International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Synex International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Synex International stock over time.
Current vs Lagged Prices |
| Timeline |
Synex International Lagged Returns
When evaluating Synex International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Synex International stock have on its future price. Synex International 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, Synex International autocorrelation shows the relationship between Synex International stock current value and its past values and can show if there is a momentum factor associated with investing in Synex International.
Regressed Prices |
| Timeline |
Pair Trading with Synex International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Synex International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Synex International will appreciate offsetting losses from the drop in the long position's value.Moving together with Synex Stock
Moving against Synex Stock
| 0.83 | ATX | ATEX Resources | PairCorr |
| 0.81 | CRRX | CareRx Corp Earnings Call This Week | PairCorr |
| 0.74 | NGT | Newmont Goldcorp Corp | PairCorr |
| 0.67 | AMM | Almaden Minerals | PairCorr |
| 0.63 | BEP-PM | Brookfield Renewable | PairCorr |
The ability to find closely correlated positions to Synex International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synex International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Synex International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Synex International to buy it.
The correlation of Synex International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Synex International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synex International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Synex International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Synex Stock
Synex International financial ratios help investors to determine whether Synex 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 Synex with respect to the benefits of owning Synex International security.