Pegavision (Taiwan) Market Value
| 6491 Stock | TWD 355.00 6.50 1.80% |
| Symbol | Pegavision |
Pegavision '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 Pegavision'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 Pegavision.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Pegavision on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Pegavision or generate 0.0% return on investment in Pegavision over 720 days. Pegavision is related to or competes with StShine Optical, Bioteque, Medeon Biodesign, Icares Medicus, SciVision Biotech, and Formosa Optical. Pegavision Corporation manufactures and sells various soft contact lenses and medical optic devices under the Pegavision... More
Pegavision 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 Pegavision'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 Pegavision upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 7.28 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 2.98 |
Pegavision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pegavision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pegavision's standard deviation. In reality, there are many statistical measures that can use Pegavision historical prices to predict the future Pegavision's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | 1.51 |
Pegavision Backtested Returns
Pegavision maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Pegavision exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pegavision's Coefficient Of Variation of (917.16), variance of 2.79, and Risk Adjusted Performance of (0.08) to confirm the risk estimate we provide. The company holds a Beta of -0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pegavision are expected to decrease at a much lower rate. During the bear market, Pegavision is likely to outperform the market. At this point, Pegavision has a negative expected return of -0.25%. Please make sure to check Pegavision's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Pegavision performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Pegavision has good reverse predictability. Overlapping area represents the amount of predictability between Pegavision time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Pegavision price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Pegavision price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1753.62 |
Pegavision lagged returns against current returns
Autocorrelation, which is Pegavision 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 Pegavision's stock expected returns. We can calculate the autocorrelation of Pegavision returns to help us make a trade decision. For example, suppose you find that Pegavision 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 |
Pegavision 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 Pegavision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pegavision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pegavision stock over time.
Current vs Lagged Prices |
| Timeline |
Pegavision Lagged Returns
When evaluating Pegavision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pegavision stock have on its future price. Pegavision 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, Pegavision autocorrelation shows the relationship between Pegavision stock current value and its past values and can show if there is a momentum factor associated with investing in Pegavision.
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.Additional Tools for Pegavision Stock Analysis
When running Pegavision's price analysis, check to measure Pegavision'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 Pegavision is operating at the current time. Most of Pegavision's value examination focuses on studying past and present price action to predict the probability of Pegavision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pegavision's price. Additionally, you may evaluate how the addition of Pegavision to your portfolios can decrease your overall portfolio volatility.