Pan International (Taiwan) Market Value
| 2328 Stock | TWD 39.15 0.45 1.16% |
| Symbol | Pan |
Pan 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 Pan 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 Pan International.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Pan International on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Pan International Industrial Corp or generate 0.0% return on investment in Pan International over 720 days. Pan International is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Pan-International Industrial Corp. provides electronic manufacturing services to technology companies worldwide More
Pan 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 Pan 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 Pan International Industrial Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.0233 | |||
| Maximum Drawdown | 8.93 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.53 |
Pan International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pan International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pan International's standard deviation. In reality, there are many statistical measures that can use Pan International historical prices to predict the future Pan International's volatility.| Risk Adjusted Performance | 0.0792 | |||
| Jensen Alpha | 0.1802 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0271 | |||
| Treynor Ratio | (1.13) |
Pan International Backtested Returns
Pan International appears to be very steady, given 3 months investment horizon. Pan International maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pan International, which you can use to evaluate the volatility of the company. Please evaluate Pan International's Risk Adjusted Performance of 0.0792, coefficient of variation of 1044.3, and Semi Deviation of 1.35 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pan International holds a performance score of 8. The company holds a Beta of -0.14, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pan International are expected to decrease at a much lower rate. During the bear market, Pan International is likely to outperform the market. Please check Pan International's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Pan International's historical price patterns will revert.
Auto-correlation | 0.30 |
Below average predictability
Pan International Industrial Corp has below average predictability. Overlapping area represents the amount of predictability between Pan International time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Pan International price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Pan International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 5.35 |
Pan International lagged returns against current returns
Autocorrelation, which is Pan 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 Pan International's stock expected returns. We can calculate the autocorrelation of Pan International returns to help us make a trade decision. For example, suppose you find that Pan 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 |
Pan 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 Pan International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pan International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pan International stock over time.
Current vs Lagged Prices |
| Timeline |
Pan International Lagged Returns
When evaluating Pan International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pan International stock have on its future price. Pan 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, Pan International autocorrelation shows the relationship between Pan International stock current value and its past values and can show if there is a momentum factor associated with investing in Pan International Industrial 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.Additional Tools for Pan Stock Analysis
When running Pan International's price analysis, check to measure Pan 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 Pan International is operating at the current time. Most of Pan International's value examination focuses on studying past and present price action to predict the probability of Pan 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 Pan International's price. Additionally, you may evaluate how the addition of Pan International to your portfolios can decrease your overall portfolio volatility.