Pan Asia (Taiwan) Market Value
| 4707 Stock | TWD 14.20 0.10 0.70% |
| Symbol | Pan |
Pan Asia '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 Pan Asia'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 Pan Asia.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Pan Asia on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Pan Asia Chemical or generate 0.0% return on investment in Pan Asia over 30 days. Pan Asia is related to or competes with Chernan Metal, Great China, Cowealth Medical, Thermaltake Technology, Li Kang, and Sesoda Corp. Pan Asia Chemical Co. produces and sells chemical products in Taiwan More
Pan Asia 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 Pan Asia'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 Pan Asia Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 11.87 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 1.07 |
Pan Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pan Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pan Asia's standard deviation. In reality, there are many statistical measures that can use Pan Asia historical prices to predict the future Pan Asia's volatility.| Risk Adjusted Performance | 0.0049 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.12) |
Pan Asia Chemical Backtested Returns
Pan Asia Chemical maintains Sharpe Ratio (i.e., Efficiency) of -0.0228, which implies the firm had a -0.0228% return per unit of risk over the last 3 months. Pan Asia Chemical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pan Asia's Variance of 2.18, risk adjusted performance of 0.0049, and Coefficient Of Variation of (458,113) to confirm the risk estimate we provide. The company holds a Beta of 0.0861, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pan Asia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pan Asia is expected to be smaller as well. At this point, Pan Asia Chemical has a negative expected return of -0.0342%. Please make sure to check Pan Asia's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Pan Asia Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.59 |
Good reverse predictability
Pan Asia Chemical has good reverse predictability. Overlapping area represents the amount of predictability between Pan Asia time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Pan Asia Chemical price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Pan Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Pan Asia Chemical lagged returns against current returns
Autocorrelation, which is Pan Asia 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 Pan Asia's stock expected returns. We can calculate the autocorrelation of Pan Asia returns to help us make a trade decision. For example, suppose you find that Pan Asia 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 |
Pan Asia 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 Pan Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pan Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pan Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Pan Asia Lagged Returns
When evaluating Pan Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pan Asia stock have on its future price. Pan Asia 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, Pan Asia autocorrelation shows the relationship between Pan Asia stock current value and its past values and can show if there is a momentum factor associated with investing in Pan Asia Chemical.
Regressed Prices |
| Timeline |
Pair Trading with Pan Asia
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pan Asia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pan Asia will appreciate offsetting losses from the drop in the long position's value.Moving together with Pan Stock
| 0.72 | 1303 | Nan Ya Plastics | PairCorr |
| 0.7 | 1314 | China Petrochemical | PairCorr |
| 0.85 | 1717 | Eternal Materials | PairCorr |
| 0.76 | 2108 | Nantex Industry | PairCorr |
Moving against Pan Stock
The ability to find closely correlated positions to Pan Asia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pan Asia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pan Asia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pan Asia Chemical to buy it.
The correlation of Pan Asia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pan Asia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pan Asia Chemical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pan Asia can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Pan Stock Analysis
When running Pan Asia's price analysis, check to measure Pan Asia'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 Pan Asia is operating at the current time. Most of Pan Asia's value examination focuses on studying past and present price action to predict the probability of Pan Asia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pan Asia's price. Additionally, you may evaluate how the addition of Pan Asia to your portfolios can decrease your overall portfolio volatility.