Poya International (Taiwan) Market Value
| 5904 Stock | TWD 493.00 2.00 0.41% |
| Symbol | Poya |
Poya International '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 Poya International'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 Poya International.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Poya International on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Poya International Co or generate 0.0% return on investment in Poya International over 30 days. Poya International is related to or competes with Merida Industry, Cheng Shin, Uni President, and Pou Chen. POYA International Co., Ltd. operates personal beauty and daily merchandise stores in Taiwan More
Poya International 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 Poya International'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 Poya International Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (1.66) | |||
| Potential Upside | 1.92 |
Poya International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Poya International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Poya International's standard deviation. In reality, there are many statistical measures that can use Poya International historical prices to predict the future Poya International's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (1.00) |
Poya International Backtested Returns
Poya International maintains Sharpe Ratio (i.e., Efficiency) of -0.13, which implies the firm had a -0.13% return per unit of risk over the last 3 months. Poya International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Poya International's Variance of 1.17, coefficient of variation of (852.97), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The company holds a Beta of 0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, Poya International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Poya International is expected to be smaller as well. At this point, Poya International has a negative expected return of -0.13%. Please make sure to check Poya International's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Poya International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.88 |
Excellent reverse predictability
Poya International Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Poya International time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Poya International price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Poya International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 69.63 |
Poya International lagged returns against current returns
Autocorrelation, which is Poya International 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 Poya International's stock expected returns. We can calculate the autocorrelation of Poya International returns to help us make a trade decision. For example, suppose you find that Poya International 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 |
Poya International 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 Poya International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Poya International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Poya International stock over time.
Current vs Lagged Prices |
| Timeline |
Poya International Lagged Returns
When evaluating Poya International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Poya International stock have on its future price. Poya International 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, Poya International autocorrelation shows the relationship between Poya International stock current value and its past values and can show if there is a momentum factor associated with investing in Poya International Co.
Regressed Prices |
| Timeline |
Pair Trading with Poya International
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 Poya International 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 Poya International will appreciate offsetting losses from the drop in the long position's value.Moving together with Poya Stock
Moving against Poya Stock
| 0.88 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.87 | 2356 | Inventec Corp | PairCorr |
| 0.81 | 2618 | Eva Airways Corp | PairCorr |
| 0.77 | 8284 | Mitake Information | PairCorr |
| 0.75 | 2345 | Accton Technology Corp | PairCorr |
The ability to find closely correlated positions to Poya International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Poya International 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 Poya International - 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 Poya International Co to buy it.
The correlation of Poya International 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 Poya International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Poya International 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 Poya International 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 Poya Stock Analysis
When running Poya International's price analysis, check to measure Poya International'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 Poya International is operating at the current time. Most of Poya International's value examination focuses on studying past and present price action to predict the probability of Poya International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Poya International's price. Additionally, you may evaluate how the addition of Poya International to your portfolios can decrease your overall portfolio volatility.