Shin Kong (Taiwan) Market Value
| 2888B Stock | TWD 26.30 0.15 0.57% |
| 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.
| 04/29/2022 |
| 04/18/2024 |
If you would invest 0.00 in Shin Kong on April 29, 2022 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 720 days. Shin Kong is related to or competes with Cathay Financial, Mercuries Life, and Mercuries Associates. Shin Kong Financial Holding Co., Ltd., together with its subsidiaries, provides a range of financial products and servic... 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.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 3.24 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.5703 |
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 | (0.15) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 1.05 |
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 Financial owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.23, which indicates the firm had a -0.23% return per unit of risk over the last 3 months. Shin Kong Financial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shin Kong's Risk Adjusted Performance of (0.15), variance of 0.2593, and Coefficient Of Variation of (432.61) to confirm the risk estimate we provide. The entity has a beta of -0.12, 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. Shin Kong Financial has an expected return of -0.12%. Please make sure to validate Shin Kong standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Shin Kong Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
Shin Kong Financial has very good predictability. Overlapping area represents the amount of predictability between Shin Kong time series from 29th of April 2022 to 24th of April 2023 and 24th of April 2023 to 18th 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 Shin Kong Financial price movement. The serial correlation of 0.84 indicates that around 84.0% of current Shin Kong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 4.43 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Shin Kong in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Shin Kong's short interest history, or implied volatility extrapolated from Shin Kong options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Shin Kong Correlation, Shin Kong Volatility and Shin Kong Alpha and Beta module to complement your research on Shin Kong. Note that the Shin Kong Financial information on this page should be used as a complementary analysis to other Shin Kong's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Complementary 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.
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Shin Kong 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.