Pegatron Corp (Taiwan) Market Value
| 4938 Stock | TWD 92.70 0.40 0.43% |
| Symbol | Pegatron |
Pegatron 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 Pegatron 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 Pegatron Corp.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Pegatron Corp on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Pegatron Corp or generate 0.0% return on investment in Pegatron Corp over 90 days. Pegatron Corp is related to or competes with Wistron Corp, Quanta Computer, Compal Electronics, Catcher Technology, and LARGAN Precision. Pegatron Corporation, together with its subsidiaries, engages in designing, manufacturing, and selling computer, communi... More
Pegatron 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 Pegatron 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 Pegatron Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0695 | |||
| Maximum Drawdown | 7.03 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 2.26 |
Pegatron Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pegatron Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pegatron Corp's standard deviation. In reality, there are many statistical measures that can use Pegatron Corp historical prices to predict the future Pegatron Corp's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.1716 | |||
| Treynor Ratio | (0.16) |
Pegatron Corp Backtested Returns
At this stage we consider Pegatron Stock to be very steady. Pegatron Corp maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Pegatron Corp, which you can use to evaluate the volatility of the company. Please check Pegatron Corp's Coefficient Of Variation of (5,769), risk adjusted performance of (0.01), and Variance of 1.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.0083%. The company holds a Beta of 0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pegatron Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pegatron Corp is expected to be smaller as well. Pegatron Corp right now holds a risk of 1.3%. Please check Pegatron Corp market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Pegatron Corp will be following its historical price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Pegatron Corp has good reverse predictability. Overlapping area represents the amount of predictability between Pegatron Corp time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Pegatron Corp price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Pegatron Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 3.13 |
Pegatron Corp lagged returns against current returns
Autocorrelation, which is Pegatron 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 Pegatron Corp's stock expected returns. We can calculate the autocorrelation of Pegatron Corp returns to help us make a trade decision. For example, suppose you find that Pegatron 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 |
Pegatron 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 Pegatron Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pegatron Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pegatron Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Pegatron Corp Lagged Returns
When evaluating Pegatron Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pegatron Corp stock have on its future price. Pegatron 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, Pegatron Corp autocorrelation shows the relationship between Pegatron Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Pegatron Corp.
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 Pegatron Stock Analysis
When running Pegatron Corp's price analysis, check to measure Pegatron 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 Pegatron Corp is operating at the current time. Most of Pegatron Corp's value examination focuses on studying past and present price action to predict the probability of Pegatron 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 Pegatron Corp's price. Additionally, you may evaluate how the addition of Pegatron Corp to your portfolios can decrease your overall portfolio volatility.