Promate Electronic (Taiwan) Market Value
| 6189 Stock | TWD 75.60 0.60 0.80% |
| Symbol | Promate |
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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Promate Electronic on December 16, 2024 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 90 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.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.19 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 1.84 |
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.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.63) |
Promate Electronic Backtested Returns
Promate Electronic maintains Sharpe Ratio (i.e., Efficiency) of -0.0787, which implies the firm had a -0.0787 % return per unit of risk over the last 3 months. Promate Electronic exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Promate Electronic's Variance of 1.45, coefficient of variation of (652.29), and Risk Adjusted Performance of (0.13) to confirm the risk estimate we provide. The company holds a Beta of 0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Promate Electronic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Promate Electronic is expected to be smaller as well. At this point, Promate Electronic has a negative expected return of -0.0924%. Please make sure to check Promate Electronic's total risk alpha, maximum drawdown, and 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 | -0.21 |
Weak reverse predictability
Promate Electronic Co has weak reverse predictability. Overlapping area represents the amount of predictability between Promate Electronic time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 -0.21 indicates that over 21.0% of current Promate Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 2.41 |
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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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 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.