Global PMX (Taiwan) Market Value
| 4551 Stock | TWD 115.00 1.50 1.29% |
| Symbol | Global |
Global PMX '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 Global PMX'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 Global PMX.
| 03/05/2024 |
| 11/30/2024 |
If you would invest 0.00 in Global PMX on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding Global PMX Co or generate 0.0% return on investment in Global PMX over 270 days. Global PMX is related to or competes with Hota Industrial, BizLink Holding, Cub Elecparts, Hu Lane, and WIN Semiconductors. Global PMX Co., Ltd. manufactures, processes, and sells precision metal components for automotive products, hard disk dr... More
Global PMX 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 Global PMX'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 Global PMX Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.76 | |||
| Value At Risk | (5.84) | |||
| Potential Upside | 7.45 |
Global PMX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global PMX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global PMX's standard deviation. In reality, there are many statistical measures that can use Global PMX historical prices to predict the future Global PMX's volatility.| Risk Adjusted Performance | 0.0117 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.59) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.013 |
Global PMX Backtested Returns
Global PMX holds Efficiency (Sharpe) Ratio of -0.0226, which attests that the entity had a -0.0226% return per unit of risk over the last 3 months. Global PMX exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global PMX's Downside Deviation of 3.34, market risk adjusted performance of 0.023, and Risk Adjusted Performance of 0.0117 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global PMX's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global PMX is expected to be smaller as well. At this point, Global PMX has a negative expected return of -0.0806%. Please make sure to check out Global PMX's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Global PMX performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Global PMX Co has very weak predictability. Overlapping area represents the amount of predictability between Global PMX time series from 5th of March 2024 to 18th of July 2024 and 18th of July 2024 to 30th 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 Global PMX price movement. The serial correlation of 0.17 indicates that over 17.0% of current Global PMX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 218.51 |
Global PMX lagged returns against current returns
Autocorrelation, which is Global PMX 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 Global PMX's stock expected returns. We can calculate the autocorrelation of Global PMX returns to help us make a trade decision. For example, suppose you find that Global PMX 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 |
Global PMX 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 Global PMX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global PMX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global PMX stock over time.
Current vs Lagged Prices |
| Timeline |
Global PMX Lagged Returns
When evaluating Global PMX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global PMX stock have on its future price. Global PMX 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, Global PMX autocorrelation shows the relationship between Global PMX stock current value and its past values and can show if there is a momentum factor associated with investing in Global PMX Co.
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 Global Stock Analysis
When running Global PMX's price analysis, check to measure Global PMX'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 Global PMX is operating at the current time. Most of Global PMX's value examination focuses on studying past and present price action to predict the probability of Global PMX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global PMX's price. Additionally, you may evaluate how the addition of Global PMX to your portfolios can decrease your overall portfolio volatility.