Sercomm Corp (Taiwan) Market Value
| 5388 Stock | TWD 118.00 2.50 2.16% |
| Symbol | Sercomm |
Sercomm Corp '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 Sercomm Corp'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 Sercomm Corp.
| 04/20/2024 |
| 05/20/2024 |
If you would invest 0.00 in Sercomm Corp on April 20, 2024 and sell it all today you would earn a total of 0.00 from holding Sercomm Corp or generate 0.0% return on investment in Sercomm Corp over 30 days. Sercomm Corp is related to or competes with Arcadyan Technology, Wistron NeWeb, Accton Technology, Alpha Networks, and Kinsus Interconnect. Sercomm Corporation, together with its subsidiaries, researches, develops, manufactures, and sells networking communicat... More
Sercomm Corp 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 Sercomm Corp'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 Sercomm Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 11.45 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 3.03 |
Sercomm Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sercomm Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sercomm Corp's standard deviation. In reality, there are many statistical measures that can use Sercomm Corp historical prices to predict the future Sercomm Corp's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.4091 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sercomm Corp'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.
Sercomm Corp Backtested Returns
Sercomm Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0577, which indicates the firm had a -0.0577% return per unit of risk over the last 3 months. Sercomm Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sercomm Corp's Risk Adjusted Performance of (0.03), coefficient of variation of (1,734), and Variance of 4.59 to confirm the risk estimate we provide. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sercomm Corp are expected to decrease at a much lower rate. During the bear market, Sercomm Corp is likely to outperform the market. Sercomm Corp has an expected return of -0.12%. Please make sure to validate Sercomm Corp treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Sercomm Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.49 |
Modest reverse predictability
Sercomm Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Sercomm Corp time series from 20th of April 2024 to 5th of May 2024 and 5th of May 2024 to 20th of May 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 Sercomm Corp price movement. The serial correlation of -0.49 indicates that about 49.0% of current Sercomm Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 4.11 |
Sercomm Corp lagged returns against current returns
Autocorrelation, which is Sercomm Corp 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 Sercomm Corp's stock expected returns. We can calculate the autocorrelation of Sercomm Corp returns to help us make a trade decision. For example, suppose you find that Sercomm Corp 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 |
Sercomm Corp 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 Sercomm Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sercomm Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sercomm Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Sercomm Corp Lagged Returns
When evaluating Sercomm Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sercomm Corp stock have on its future price. Sercomm Corp 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, Sercomm Corp autocorrelation shows the relationship between Sercomm Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Sercomm Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Check out Sercomm Corp Correlation, Sercomm Corp Volatility and Sercomm Corp Alpha and Beta module to complement your research on Sercomm Corp. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Sercomm Stock analysis
When running Sercomm Corp's price analysis, check to measure Sercomm Corp'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 Sercomm Corp is operating at the current time. Most of Sercomm Corp's value examination focuses on studying past and present price action to predict the probability of Sercomm Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sercomm Corp's price. Additionally, you may evaluate how the addition of Sercomm Corp to your portfolios can decrease your overall portfolio volatility.
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Sercomm Corp 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.