Plastron Precision (Taiwan) Market Value
| 6185 Stock | TWD 15.05 0.10 0.66% |
| Symbol | Plastron |
Plastron Precision '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 Plastron Precision'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 Plastron Precision.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Plastron Precision on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Plastron Precision Co or generate 0.0% return on investment in Plastron Precision over 30 days. Plastron Precision is related to or competes with Wholetech System, WinMate Communication, First Insurance, U Media, and Genovate Biotechnology. Plastron Precision Co., Ltd. develops, manufactures, and sells connectors in Taiwan and internationally More
Plastron Precision 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 Plastron Precision'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 Plastron Precision Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.21 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.2 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.87 |
Plastron Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Plastron Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Plastron Precision's standard deviation. In reality, there are many statistical measures that can use Plastron Precision historical prices to predict the future Plastron Precision's volatility.| Risk Adjusted Performance | 0.0144 | |||
| Jensen Alpha | 0.03 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.03) |
Plastron Precision Backtested Returns
Plastron Precision maintains Sharpe Ratio (i.e., Efficiency) of -0.0701, which implies the firm had a -0.0701% return per unit of risk over the last 3 months. Plastron Precision exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Plastron Precision's Semi Deviation of 0.9173, risk adjusted performance of 0.0144, and Coefficient Of Variation of 7027.35 to confirm the risk estimate we provide. The company holds a Beta of -0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Plastron Precision are expected to decrease at a much lower rate. During the bear market, Plastron Precision is likely to outperform the market. At this point, Plastron Precision has a negative expected return of -0.0775%. Please make sure to check Plastron Precision's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Plastron Precision performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.95 |
Near perfect reversele predictability
Plastron Precision Co has near perfect reversele predictability. Overlapping area represents the amount of predictability between Plastron Precision time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Plastron Precision price movement. The serial correlation of -0.95 indicates that approximately 95.0% of current Plastron Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.95 | |
| Spearman Rank Test | -0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Plastron Precision lagged returns against current returns
Autocorrelation, which is Plastron Precision 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 Plastron Precision's stock expected returns. We can calculate the autocorrelation of Plastron Precision returns to help us make a trade decision. For example, suppose you find that Plastron Precision 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 |
Plastron Precision 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 Plastron Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Plastron Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Plastron Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Plastron Precision Lagged Returns
When evaluating Plastron Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Plastron Precision stock have on its future price. Plastron Precision 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, Plastron Precision autocorrelation shows the relationship between Plastron Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Plastron Precision Co.
Regressed Prices |
| Timeline |
Pair Trading with Plastron Precision
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 Plastron Precision 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 Plastron Precision will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Plastron Precision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plastron Precision 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 Plastron Precision - 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 Plastron Precision Co to buy it.
The correlation of Plastron Precision 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 Plastron Precision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plastron Precision 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 Plastron Precision 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 Plastron Stock Analysis
When running Plastron Precision's price analysis, check to measure Plastron Precision'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 Plastron Precision is operating at the current time. Most of Plastron Precision's value examination focuses on studying past and present price action to predict the probability of Plastron Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plastron Precision's price. Additionally, you may evaluate how the addition of Plastron Precision to your portfolios can decrease your overall portfolio volatility.