Pili International (Taiwan) Market Value
| 8450 Stock | TWD 23.35 0.10 0.43% |
| Symbol | Pili |
Pili International '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 Pili International'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 Pili International.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Pili International on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Pili International Multimedia or generate 0.0% return on investment in Pili International over 720 days. Pili International is related to or competes with Deltamac Taiwan, YuantaP Shares, Fubon MSCI, YuantaP Shares, and YuantaP Shares. Pili International Multimedia Co., Ltd engages in the production and distribution of dramatic puppetry series television... More
Pili International 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 Pili International'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 Pili International Multimedia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.51 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 12.93 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 1.34 |
Pili International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pili International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pili International's standard deviation. In reality, there are many statistical measures that can use Pili International historical prices to predict the future Pili International's volatility.| Risk Adjusted Performance | 0.0185 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0411 |
Pili International Backtested Returns
Pili International maintains Sharpe Ratio (i.e., Efficiency) of -0.0201, which implies the firm had a -0.0201% return per unit of risk over the last 3 months. Pili International exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pili International's Coefficient Of Variation of 5637.14, semi deviation of 1.21, and Risk Adjusted Performance of 0.0185 to confirm the risk estimate we provide. The company holds a Beta of 0.48, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pili International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pili International is expected to be smaller as well. At this point, Pili International has a negative expected return of -0.034%. Please make sure to check Pili International's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Pili International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Pili International Multimedia has weak reverse predictability. Overlapping area represents the amount of predictability between Pili International time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Pili International price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Pili International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.5 |
Pili International lagged returns against current returns
Autocorrelation, which is Pili International 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 Pili International's stock expected returns. We can calculate the autocorrelation of Pili International returns to help us make a trade decision. For example, suppose you find that Pili International 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 |
Pili International 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 Pili International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pili International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pili International stock over time.
Current vs Lagged Prices |
| Timeline |
Pili International Lagged Returns
When evaluating Pili International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pili International stock have on its future price. Pili International 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, Pili International autocorrelation shows the relationship between Pili International stock current value and its past values and can show if there is a momentum factor associated with investing in Pili International Multimedia.
Regressed Prices |
| Timeline |
Pair Trading with Pili International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Pili International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Pili International will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Pili International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pili International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pili International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pili International Multimedia to buy it.
The correlation of Pili International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pili International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pili International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Pili International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Pili Stock Analysis
When running Pili International's price analysis, check to measure Pili International'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 Pili International is operating at the current time. Most of Pili International's value examination focuses on studying past and present price action to predict the probability of Pili International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pili International's price. Additionally, you may evaluate how the addition of Pili International to your portfolios can decrease your overall portfolio volatility.