General Plastic (Taiwan) Market Value
| 6128 Stock | TWD 35.20 0.25 0.71% |
| Symbol | General |
General Plastic '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 General Plastic'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 General Plastic.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in General Plastic on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding General Plastic Industrial or generate 0.0% return on investment in General Plastic over 30 days. General Plastic is related to or competes with I Sheng, LK Engineering, Aten International, Flytech Technology, and In Win. General Plastic Industrial Co., Ltd. designs, manufactures, and markets copier and laser printer toner cartridges, and r... More
General Plastic 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 General Plastic'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 General Plastic Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.6 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 0.9669 |
General Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for General Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as General Plastic's standard deviation. In reality, there are many statistical measures that can use General Plastic historical prices to predict the future General Plastic's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.61) |
General Plastic Indu Backtested Returns
General Plastic Indu holds Efficiency (Sharpe) Ratio of -0.0739, which attests that the entity had a -0.0739% return per unit of risk over the last 3 months. General Plastic Indu exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out General Plastic's Market Risk Adjusted Performance of (0.60), risk adjusted performance of (0.03), and Standard Deviation of 0.7133 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0684, which attests to not very significant fluctuations relative to the market. As returns on the market increase, General Plastic's returns are expected to increase less than the market. However, during the bear market, the loss of holding General Plastic is expected to be smaller as well. At this point, General Plastic Indu has a negative expected return of -0.0537%. Please make sure to check out General Plastic's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if General Plastic Indu performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.34 |
Below average predictability
General Plastic Industrial has below average predictability. Overlapping area represents the amount of predictability between General Plastic time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 General Plastic Indu price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current General Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
General Plastic Indu lagged returns against current returns
Autocorrelation, which is General Plastic 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 General Plastic's stock expected returns. We can calculate the autocorrelation of General Plastic returns to help us make a trade decision. For example, suppose you find that General Plastic 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 |
General Plastic 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 General Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if General Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in General Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
General Plastic Lagged Returns
When evaluating General Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of General Plastic stock have on its future price. General Plastic 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, General Plastic autocorrelation shows the relationship between General Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in General Plastic Industrial.
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 General Stock Analysis
When running General Plastic's price analysis, check to measure General Plastic'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 General Plastic is operating at the current time. Most of General Plastic's value examination focuses on studying past and present price action to predict the probability of General Plastic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move General Plastic's price. Additionally, you may evaluate how the addition of General Plastic to your portfolios can decrease your overall portfolio volatility.