Shin Kong (Taiwan) Market Value
| 2888A Stock | TWD 30.15 0.55 1.86% |
| Symbol | Shin |
Shin Kong '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 Shin Kong'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 Shin Kong.
| 03/12/2024 |
| 06/10/2024 |
If you would invest 0.00 in Shin Kong on March 12, 2024 and sell it all today you would earn a total of 0.00 from holding Shin Kong Financial or generate 0.0% return on investment in Shin Kong over 90 days. Shin Kong is related to or competes with Cathay Financial, Cathay Financial, Fubon Financial, CTBC Financial, Mercuries Life, and Mercuries Associates. Shin Kong Financial Holding Co., Ltd., through its subsidiaries, provides a range of financial products and services in ... More
Shin Kong 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 Shin Kong'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 Shin Kong Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.537 | |||
| Information Ratio | 0.2495 | |||
| Maximum Drawdown | 4.09 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 1.86 |
Shin Kong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shin Kong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shin Kong's standard deviation. In reality, there are many statistical measures that can use Shin Kong historical prices to predict the future Shin Kong's volatility.| Risk Adjusted Performance | 0.1648 | |||
| Jensen Alpha | 0.2093 | |||
| Total Risk Alpha | 0.2077 | |||
| Sortino Ratio | 0.3876 | |||
| Treynor Ratio | (4.91) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Shin Kong'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.
Shin Kong Financial Backtested Returns
Shin Kong appears to be very steady, given 3 months investment horizon. Shin Kong Financial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates the firm had a 0.27% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shin Kong Financial, which you can use to evaluate the volatility of the company. Please review Shin Kong's Downside Deviation of 0.537, risk adjusted performance of 0.1648, and Standard Deviation of 0.8344 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shin Kong holds a performance score of 21. The entity has a beta of -0.0426, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shin Kong are expected to decrease at a much lower rate. During the bear market, Shin Kong is likely to outperform the market. Please check Shin Kong's mean deviation, coefficient of variation, variance, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Shin Kong's existing price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Shin Kong Financial has very weak reverse predictability. Overlapping area represents the amount of predictability between Shin Kong time series from 12th of March 2024 to 26th of April 2024 and 26th of April 2024 to 10th of June 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 Shin Kong Financial price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Shin Kong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
Shin Kong Financial lagged returns against current returns
Autocorrelation, which is Shin Kong 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 Shin Kong's stock expected returns. We can calculate the autocorrelation of Shin Kong returns to help us make a trade decision. For example, suppose you find that Shin Kong 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 |
Shin Kong 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 Shin Kong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shin Kong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shin Kong stock over time.
Current vs Lagged Prices |
| Timeline |
Shin Kong Lagged Returns
When evaluating Shin Kong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shin Kong stock have on its future price. Shin Kong 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, Shin Kong autocorrelation shows the relationship between Shin Kong stock current value and its past values and can show if there is a momentum factor associated with investing in Shin Kong Financial.
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 Shin Stock Analysis
When running Shin Kong's price analysis, check to measure Shin Kong'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 Shin Kong is operating at the current time. Most of Shin Kong's value examination focuses on studying past and present price action to predict the probability of Shin Kong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Kong's price. Additionally, you may evaluate how the addition of Shin Kong to your portfolios can decrease your overall portfolio volatility.