Promate Electronic (Taiwan) Market Value

6189 Stock  TWD 79.40  0.40  0.51%   
Promate Electronic's market value is the price at which a share of Promate Electronic trades on a public exchange. It measures the collective expectations of Promate Electronic Co investors about its performance. Promate Electronic is selling for under 79.40 as of the 5th of March 2025; that is 0.51 percent increase since the beginning of the trading day. The stock's lowest day price was 77.3.
With this module, you can estimate the performance of a buy and hold strategy of Promate Electronic Co and determine expected loss or profit from investing in Promate Electronic over a given investment horizon. Check out Promate Electronic Correlation, Promate Electronic Volatility and Promate Electronic Alpha and Beta module to complement your research on Promate Electronic.
Symbol

Please note, there is a significant difference between Promate Electronic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Promate Electronic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Promate Electronic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Promate Electronic '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 Promate Electronic'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 Promate Electronic.
0.00
02/03/2025
No Change 0.00  0.0 
In 30 days
03/05/2025
0.00
If you would invest  0.00  in Promate Electronic on February 3, 2025 and sell it all today you would earn a total of 0.00 from holding Promate Electronic Co or generate 0.0% return on investment in Promate Electronic over 30 days. Promate Electronic is related to or competes with WPG Holdings, Topco Scientific, E Life, Lumax International, and Wah Lee. ,Ltd. operates as a franchised distributor of semi-conductor products in Taiwan and internationally More

Promate Electronic 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 Promate Electronic'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 Promate Electronic Co upside and downside potential and time the market with a certain degree of confidence.

Promate Electronic Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Promate Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Promate Electronic's standard deviation. In reality, there are many statistical measures that can use Promate Electronic historical prices to predict the future Promate Electronic's volatility.
Hype
Prediction
LowEstimatedHigh
78.2379.4080.57
Details
Intrinsic
Valuation
LowRealHigh
65.2766.4487.34
Details
Naive
Forecast
LowNextHigh
78.2579.4280.58
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
74.2979.7585.21
Details

Promate Electronic Backtested Returns

Promate Electronic maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12 % return per unit of risk over the last 3 months. Promate Electronic exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Promate Electronic's Coefficient Of Variation of (845.50), risk adjusted performance of (0.09), and Variance of 1.36 to confirm the risk estimate we provide. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Promate Electronic are expected to decrease at a much lower rate. During the bear market, Promate Electronic is likely to outperform the market. At this point, Promate Electronic has a negative expected return of -0.14%. Please make sure to check Promate Electronic's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Promate Electronic performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.14  

Insignificant predictability

Promate Electronic Co has insignificant predictability. Overlapping area represents the amount of predictability between Promate Electronic time series from 3rd of February 2025 to 18th of February 2025 and 18th of February 2025 to 5th 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 Promate Electronic price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Promate Electronic price fluctuation can be explain by its past prices.
Correlation Coefficient0.14
Spearman Rank Test-0.18
Residual Average0.0
Price Variance0.32

Promate Electronic lagged returns against current returns

Autocorrelation, which is Promate Electronic 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 Promate Electronic's stock expected returns. We can calculate the autocorrelation of Promate Electronic returns to help us make a trade decision. For example, suppose you find that Promate Electronic 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  

Promate Electronic 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 Promate Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Promate Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Promate Electronic stock over time.
   Current vs Lagged Prices   
       Timeline  

Promate Electronic Lagged Returns

When evaluating Promate Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Promate Electronic stock have on its future price. Promate Electronic 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, Promate Electronic autocorrelation shows the relationship between Promate Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Promate Electronic Co.
   Regressed Prices   
       Timeline  

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Additional Tools for Promate Stock Analysis

When running Promate Electronic's price analysis, check to measure Promate Electronic'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 Promate Electronic is operating at the current time. Most of Promate Electronic's value examination focuses on studying past and present price action to predict the probability of Promate Electronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Promate Electronic's price. Additionally, you may evaluate how the addition of Promate Electronic to your portfolios can decrease your overall portfolio volatility.