Powertech Industrial (Taiwan) Market Value
| 3296 Stock | TWD 24.55 0.15 0.61% |
| Symbol | Powertech |
Powertech Industrial '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 Powertech Industrial'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 Powertech Industrial.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Powertech Industrial on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Powertech Industrial Co or generate 0.0% return on investment in Powertech Industrial over 90 days. Powertech Industrial is related to or competes with Leader Electronics, Darwin Precisions, Silitech Technology, Altek Corp, and Gem Terminal. Powertech Industrial Co., Ltd., together with its subsidiaries, manufactures and sells electronic circuit power protecti... More
Powertech Industrial 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 Powertech Industrial'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 Powertech Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 18.47 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 4.29 |
Powertech Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Powertech Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Powertech Industrial's standard deviation. In reality, there are many statistical measures that can use Powertech Industrial historical prices to predict the future Powertech Industrial's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | 0.0504 | |||
| Treynor Ratio | 0.3228 |
Powertech Industrial Backtested Returns
Powertech Industrial maintains Sharpe Ratio (i.e., Efficiency) of -0.21, which implies the firm had a -0.21 % return per unit of risk over the last 3 months. Powertech Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Powertech Industrial's Coefficient Of Variation of (953.08), variance of 8.84, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The company holds a Beta of -1.0, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Powertech Industrial are expected to decrease slowly. On the other hand, during market turmoil, Powertech Industrial is expected to outperform it slightly. At this point, Powertech Industrial has a negative expected return of -0.44%. Please make sure to check Powertech Industrial's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Powertech Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Powertech Industrial Co has modest predictability. Overlapping area represents the amount of predictability between Powertech Industrial time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Powertech Industrial price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Powertech Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
Powertech Industrial lagged returns against current returns
Autocorrelation, which is Powertech Industrial 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 Powertech Industrial's stock expected returns. We can calculate the autocorrelation of Powertech Industrial returns to help us make a trade decision. For example, suppose you find that Powertech Industrial 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 |
Powertech Industrial 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 Powertech Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Powertech Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Powertech Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Powertech Industrial Lagged Returns
When evaluating Powertech Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Powertech Industrial stock have on its future price. Powertech Industrial 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, Powertech Industrial autocorrelation shows the relationship between Powertech Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Powertech Industrial Co.
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 Powertech Stock Analysis
When running Powertech Industrial's price analysis, check to measure Powertech Industrial'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 Powertech Industrial is operating at the current time. Most of Powertech Industrial's value examination focuses on studying past and present price action to predict the probability of Powertech Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Powertech Industrial's price. Additionally, you may evaluate how the addition of Powertech Industrial to your portfolios can decrease your overall portfolio volatility.