Pan Jit (Taiwan) Market Value
| 2481 Stock | TWD 51.70 0.30 0.58% |
| Symbol | Pan |
Pan Jit '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 Jit'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 Jit.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Pan Jit on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Pan Jit International or generate 0.0% return on investment in Pan Jit over 360 days. Pan Jit is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Pan Jit International Inc. designs, manufactures, and sells diodes, bridge rectifiers, transistors, MOSFETs, and protect... More
Pan Jit 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 Jit'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 Jit International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 13.55 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 3.37 |
Pan Jit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pan Jit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pan Jit's standard deviation. In reality, there are many statistical measures that can use Pan Jit historical prices to predict the future Pan Jit's volatility.| Risk Adjusted Performance | 9.0E-4 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.21) |
Pan Jit International Backtested Returns
Pan Jit International maintains Sharpe Ratio (i.e., Efficiency) of -0.0381, which implies the firm had a -0.0381% return per unit of risk over the last 3 months. Pan Jit International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pan Jit's Risk Adjusted Performance of 9.0E-4, coefficient of variation of (13,954), and Variance of 4.58 to confirm the risk estimate we provide. The company holds a Beta of 0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pan Jit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pan Jit is expected to be smaller as well. At this point, Pan Jit International has a negative expected return of -0.0805%. Please make sure to check Pan Jit's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Pan Jit International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Pan Jit International has weak predictability. Overlapping area represents the amount of predictability between Pan Jit time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Jit International price movement. The serial correlation of 0.2 indicates that over 20.0% of current Pan Jit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 13.66 |
Pan Jit International lagged returns against current returns
Autocorrelation, which is Pan Jit 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 Jit's stock expected returns. We can calculate the autocorrelation of Pan Jit returns to help us make a trade decision. For example, suppose you find that Pan Jit 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 Jit 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 Jit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pan Jit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pan Jit stock over time.
Current vs Lagged Prices |
| Timeline |
Pan Jit Lagged Returns
When evaluating Pan Jit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pan Jit stock have on its future price. Pan Jit 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 Jit autocorrelation shows the relationship between Pan Jit stock current value and its past values and can show if there is a momentum factor associated with investing in Pan Jit International.
Regressed Prices |
| Timeline |
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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 Jit's price analysis, check to measure Pan Jit'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 Jit is operating at the current time. Most of Pan Jit's value examination focuses on studying past and present price action to predict the probability of Pan Jit'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 Jit's price. Additionally, you may evaluate how the addition of Pan Jit to your portfolios can decrease your overall portfolio volatility.