Grand Pacific (Taiwan) Market Value
| 1312 Stock | TWD 11.80 0.15 1.29% |
| Symbol | Grand |
Grand Pacific '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 Grand Pacific'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 Grand Pacific.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Grand Pacific on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Grand Pacific Petrochemical or generate 0.0% return on investment in Grand Pacific over 690 days. Grand Pacific is related to or competes with Cheng Shin, China Steel, and Yulon. Grand Pacific Petrochemical Corporation produces and sells petrochemical products in Taiwan More
Grand Pacific 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 Grand Pacific'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 Grand Pacific Petrochemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.88 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.33 |
Grand Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grand Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grand Pacific's standard deviation. In reality, there are many statistical measures that can use Grand Pacific historical prices to predict the future Grand Pacific's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.96) |
Grand Pacific Petroc Backtested Returns
Grand Pacific Petroc holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of standard deviation over the last 3 months. Grand Pacific Petroc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Grand Pacific's market risk adjusted performance of (0.95), and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grand Pacific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grand Pacific is expected to be smaller as well. At this point, Grand Pacific Petroc has a negative expected return of -0.16%. Please make sure to check out Grand Pacific's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Grand Pacific Petroc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.59 |
Modest predictability
Grand Pacific Petrochemical has modest predictability. Overlapping area represents the amount of predictability between Grand Pacific time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th of November 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 Grand Pacific Petroc price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Grand Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
Grand Pacific Petroc lagged returns against current returns
Autocorrelation, which is Grand Pacific 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 Grand Pacific's stock expected returns. We can calculate the autocorrelation of Grand Pacific returns to help us make a trade decision. For example, suppose you find that Grand Pacific 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 |
Grand Pacific 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 Grand Pacific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grand Pacific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grand Pacific stock over time.
Current vs Lagged Prices |
| Timeline |
Grand Pacific Lagged Returns
When evaluating Grand Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grand Pacific stock have on its future price. Grand Pacific 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, Grand Pacific autocorrelation shows the relationship between Grand Pacific stock current value and its past values and can show if there is a momentum factor associated with investing in Grand Pacific Petrochemical.
Regressed Prices |
| Timeline |
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When running Grand Pacific's price analysis, check to measure Grand Pacific'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 Grand Pacific is operating at the current time. Most of Grand Pacific's value examination focuses on studying past and present price action to predict the probability of Grand Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grand Pacific's price. Additionally, you may evaluate how the addition of Grand Pacific to your portfolios can decrease your overall portfolio volatility.