Dynapack International (Taiwan) Market Value
| 3211 Stock | TWD 175.50 1.50 0.85% |
| Symbol | Dynapack |
Dynapack 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 Dynapack 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 Dynapack International.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Dynapack International on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dynapack International Technology or generate 0.0% return on investment in Dynapack International over 180 days. Dynapack International is related to or competes with Walsin Lihwa, Ta Ya, Hiwin Mikrosystem, Amtran Technology, and Allis Electric. Dynapack International Technology Corporation designs, manufactures, and supplies portable battery packs in Taiwan More
Dynapack 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 Dynapack 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 Dynapack International Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.2552 | |||
| Maximum Drawdown | 14.44 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 9.76 |
Dynapack International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynapack International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynapack International's standard deviation. In reality, there are many statistical measures that can use Dynapack International historical prices to predict the future Dynapack International's volatility.| Risk Adjusted Performance | 0.2365 | |||
| Jensen Alpha | 0.8315 | |||
| Total Risk Alpha | 0.4071 | |||
| Sortino Ratio | 0.4354 | |||
| Treynor Ratio | 4.35 |
Dynapack International Backtested Returns
Dynapack International appears to be very steady, given 3 months investment horizon. Dynapack International secures Sharpe Ratio (or Efficiency) of 0.3, which denotes the company had a 0.3% return per unit of risk over the last 3 months. By reviewing Dynapack International's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please utilize Dynapack International's Coefficient Of Variation of 333.56, downside deviation of 1.69, and Mean Deviation of 1.83 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dynapack International holds a performance score of 23. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Dynapack International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dynapack International is expected to be smaller as well. Please check Dynapack 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 Dynapack International's price patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Dynapack International Technology has poor predictability. Overlapping area represents the amount of predictability between Dynapack International time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 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 Dynapack International price movement. The serial correlation of 0.25 indicates that over 25.0% of current Dynapack International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 512.46 |
Dynapack International lagged returns against current returns
Autocorrelation, which is Dynapack 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 Dynapack International's stock expected returns. We can calculate the autocorrelation of Dynapack International returns to help us make a trade decision. For example, suppose you find that Dynapack 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 |
Dynapack 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 Dynapack International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynapack International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dynapack International stock over time.
Current vs Lagged Prices |
| Timeline |
Dynapack International Lagged Returns
When evaluating Dynapack International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynapack International stock have on its future price. Dynapack 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, Dynapack International autocorrelation shows the relationship between Dynapack International stock current value and its past values and can show if there is a momentum factor associated with investing in Dynapack International Technology.
Regressed Prices |
| Timeline |
Pair Trading with Dynapack 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 Dynapack 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 Dynapack International will appreciate offsetting losses from the drop in the long position's value.Moving together with Dynapack Stock
Moving against Dynapack Stock
| 0.7 | 1605 | Walsin Lihwa Corp | PairCorr |
| 0.7 | 3023 | Sinbon Electronics | PairCorr |
| 0.68 | 2489 | Amtran Technology Split | PairCorr |
| 0.65 | 4966 | Parade Technologies | PairCorr |
| 0.54 | 0051 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Dynapack 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 Dynapack 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 Dynapack 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 Dynapack International Technology to buy it.
The correlation of Dynapack 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 Dynapack International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynapack 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 Dynapack 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 Dynapack Stock Analysis
When running Dynapack International's price analysis, check to measure Dynapack 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 Dynapack International is operating at the current time. Most of Dynapack International's value examination focuses on studying past and present price action to predict the probability of Dynapack 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 Dynapack International's price. Additionally, you may evaluate how the addition of Dynapack International to your portfolios can decrease your overall portfolio volatility.