Sporton International (Taiwan) Market Value
| 6146 Stock | TWD 245.00 5.00 2.08% |
| Symbol | Sporton |
Sporton 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 Sporton 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 Sporton International.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Sporton International on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Sporton International or generate 0.0% return on investment in Sporton International over 30 days. Sporton International is related to or competes with Farglory FTZ, Trade Van, YuantaP Shares, YuantaP Shares, Fubon MSCI, and YuantaP Shares. Sporton International Inc. provides product testing and certification services in Taiwan and internationally More
Sporton 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 Sporton 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 Sporton International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.86 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 4.01 |
Sporton International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sporton International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sporton International's standard deviation. In reality, there are many statistical measures that can use Sporton International historical prices to predict the future Sporton International's volatility.| Risk Adjusted Performance | 0.0263 | |||
| Jensen Alpha | 0.0147 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.111 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sporton International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sporton International Backtested Returns
We consider Sporton International very steady. Sporton International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0659, which indicates the firm had a 0.0659% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sporton International, which you can use to evaluate the volatility of the company. Please validate Sporton International's Semi Deviation of 2.08, risk adjusted performance of 0.0263, and Coefficient Of Variation of 3312.6 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Sporton International has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sporton International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sporton International is expected to be smaller as well. Sporton International right now has a risk of 2.6%. Please validate Sporton International downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Sporton International will be following its existing price patterns.
Auto-correlation | 0.43 |
Average predictability
Sporton International has average predictability. Overlapping area represents the amount of predictability between Sporton International time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Sporton International price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Sporton International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 6.24 |
Sporton International lagged returns against current returns
Autocorrelation, which is Sporton 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 Sporton International's stock expected returns. We can calculate the autocorrelation of Sporton International returns to help us make a trade decision. For example, suppose you find that Sporton 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 |
Sporton 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 Sporton International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sporton International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sporton International stock over time.
Current vs Lagged Prices |
| Timeline |
Sporton International Lagged Returns
When evaluating Sporton International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sporton International stock have on its future price. Sporton 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, Sporton International autocorrelation shows the relationship between Sporton International stock current value and its past values and can show if there is a momentum factor associated with investing in Sporton International.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Sporton International Correlation, Sporton International Volatility and Sporton International Alpha and Beta module to complement your research on Sporton International. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Sporton Stock analysis
When running Sporton International's price analysis, check to measure Sporton International'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 Sporton International is operating at the current time. Most of Sporton International's value examination focuses on studying past and present price action to predict the probability of Sporton International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sporton International's price. Additionally, you may evaluate how the addition of Sporton International to your portfolios can decrease your overall portfolio volatility.
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Sporton International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.