Phoenix Silicon's market value is the price at which a share of Phoenix Silicon trades on a public exchange. It measures the collective expectations of Phoenix Silicon International investors about its performance. Phoenix Silicon is selling for under 121.50 as of the 18th of January 2025; that is 5.08% down since the beginning of the trading day. The stock's lowest day price was 121.0. With this module, you can estimate the performance of a buy and hold strategy of Phoenix Silicon International and determine expected loss or profit from investing in Phoenix Silicon over a given investment horizon. Check out Phoenix Silicon Correlation, Phoenix Silicon Volatility and Phoenix Silicon Alpha and Beta module to complement your research on Phoenix Silicon.
Please note, there is a significant difference between Phoenix Silicon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Phoenix Silicon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phoenix Silicon'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.
Phoenix Silicon '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 Phoenix Silicon'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 Phoenix Silicon.
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 Phoenix Silicon on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Phoenix Silicon International or generate 0.0% return on investment in Phoenix Silicon over 30 days. Phoenix Silicon is related to or competes with Scientech Corp, Sitronix Technology, Kinsus Interconnect, Andes Technology, and Nuvoton Technology. Phoenix Silicon International Corporation operates in the wafer and energy industries in Taiwan More
Phoenix Silicon 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 Phoenix Silicon'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 Phoenix Silicon International 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 Phoenix Silicon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phoenix Silicon's standard deviation. In reality, there are many statistical measures that can use Phoenix Silicon historical prices to predict the future Phoenix Silicon's volatility.
Phoenix Silicon Inte maintains Sharpe Ratio (i.e., Efficiency) of -0.0355, which implies the firm had a -0.0355% return per unit of risk over the last 3 months. Phoenix Silicon Inte exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Phoenix Silicon's Risk Adjusted Performance of (0.04), variance of 10.13, and Coefficient Of Variation of (1,931) to confirm the risk estimate we provide. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Phoenix Silicon are expected to decrease at a much lower rate. During the bear market, Phoenix Silicon is likely to outperform the market. At this point, Phoenix Silicon Inte has a negative expected return of -0.11%. Please make sure to check Phoenix Silicon's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Phoenix Silicon Inte performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.68
Very good reverse predictability
Phoenix Silicon International has very good reverse predictability. Overlapping area represents the amount of predictability between Phoenix Silicon 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 Phoenix Silicon Inte price movement. The serial correlation of -0.68 indicates that around 68.0% of current Phoenix Silicon price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.68
Spearman Rank Test
-0.65
Residual Average
0.0
Price Variance
70.01
Phoenix Silicon Inte lagged returns against current returns
Autocorrelation, which is Phoenix Silicon 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 Phoenix Silicon's stock expected returns. We can calculate the autocorrelation of Phoenix Silicon returns to help us make a trade decision. For example, suppose you find that Phoenix Silicon 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
Phoenix Silicon 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 Phoenix Silicon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phoenix Silicon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phoenix Silicon stock over time.
Current vs Lagged Prices
Timeline
Phoenix Silicon Lagged Returns
When evaluating Phoenix Silicon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phoenix Silicon stock have on its future price. Phoenix Silicon 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, Phoenix Silicon autocorrelation shows the relationship between Phoenix Silicon stock current value and its past values and can show if there is a momentum factor associated with investing in Phoenix Silicon International.
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 Phoenix Silicon's price analysis, check to measure Phoenix Silicon'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 Phoenix Silicon is operating at the current time. Most of Phoenix Silicon's value examination focuses on studying past and present price action to predict the probability of Phoenix Silicon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoenix Silicon's price. Additionally, you may evaluate how the addition of Phoenix Silicon to your portfolios can decrease your overall portfolio volatility.