Polytronics Technology's market value is the price at which a share of Polytronics Technology trades on a public exchange. It measures the collective expectations of Polytronics Technology Corp investors about its performance. Polytronics Technology is selling for under 55.40 as of the 18th of January 2025; that is 0.54% increase since the beginning of the trading day. The stock's lowest day price was 53.8. With this module, you can estimate the performance of a buy and hold strategy of Polytronics Technology Corp and determine expected loss or profit from investing in Polytronics Technology over a given investment horizon. Check out Polytronics Technology Correlation, Polytronics Technology Volatility and Polytronics Technology Alpha and Beta module to complement your research on Polytronics Technology.
Please note, there is a significant difference between Polytronics Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Polytronics Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Polytronics Technology'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.
Polytronics Technology '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 Polytronics Technology'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 Polytronics Technology.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Polytronics Technology on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Polytronics Technology Corp or generate 0.0% return on investment in Polytronics Technology over 30 days. Polytronics Technology is related to or competes with Thinking Electronic, Amazing Microelectronic, Cleanaway, Wah Lee, and Topco Scientific. Polytronics Technology Corp. designs, develops, manufactures, and sells circuit protection and thermal management device... More
Polytronics Technology 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 Polytronics Technology'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 Polytronics Technology Corp upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polytronics Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polytronics Technology's standard deviation. In reality, there are many statistical measures that can use Polytronics Technology historical prices to predict the future Polytronics Technology's volatility.
Polytronics Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Polytronics Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Polytronics Technology's Variance of 6.66, risk adjusted performance of (0.13), and Coefficient Of Variation of (595.87) to confirm the risk estimate we provide. The company holds a Beta of -0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Polytronics Technology are expected to decrease at a much lower rate. During the bear market, Polytronics Technology is likely to outperform the market. At this point, Polytronics Technology has a negative expected return of -0.42%. Please make sure to check Polytronics Technology's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Polytronics Technology performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.54
Good reverse predictability
Polytronics Technology Corp has good reverse predictability. Overlapping area represents the amount of predictability between Polytronics Technology time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Polytronics Technology price movement. The serial correlation of -0.54 indicates that about 54.0% of current Polytronics Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.54
Spearman Rank Test
-0.13
Residual Average
0.0
Price Variance
0.31
Polytronics Technology lagged returns against current returns
Autocorrelation, which is Polytronics Technology 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 Polytronics Technology's stock expected returns. We can calculate the autocorrelation of Polytronics Technology returns to help us make a trade decision. For example, suppose you find that Polytronics Technology 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
Polytronics Technology 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 Polytronics Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polytronics Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Polytronics Technology stock over time.
Current vs Lagged Prices
Timeline
Polytronics Technology Lagged Returns
When evaluating Polytronics Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polytronics Technology stock have on its future price. Polytronics Technology 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, Polytronics Technology autocorrelation shows the relationship between Polytronics Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Polytronics Technology Corp.
Regressed Prices
Timeline
Also Currently Popular
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.
When running Polytronics Technology's price analysis, check to measure Polytronics Technology'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 Polytronics Technology is operating at the current time. Most of Polytronics Technology's value examination focuses on studying past and present price action to predict the probability of Polytronics Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polytronics Technology's price. Additionally, you may evaluate how the addition of Polytronics Technology to your portfolios can decrease your overall portfolio volatility.