Prime Electronics (Taiwan) Market Value
| 6152 Stock | TWD 13.35 0.10 0.75% |
| Symbol | Prime |
Prime Electronics '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 Prime Electronics' 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 Prime Electronics.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Prime Electronics on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Prime Electronics Satellitics or generate 0.0% return on investment in Prime Electronics over 30 days. Prime Electronics is related to or competes with V Tac, Alchip Technologies, STL Technology, Asmedia Technology, Intai Technology, and Maxigen Biotech. Prime Electronics Satellitics Inc. develops, manufactures, and sells digital satellite communication and wireless consum... More
Prime Electronics 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 Prime Electronics' 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 Prime Electronics Satellitics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 19.95 | |||
| Value At Risk | (6.08) | |||
| Potential Upside | 5.88 |
Prime Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Electronics' standard deviation. In reality, there are many statistical measures that can use Prime Electronics historical prices to predict the future Prime Electronics' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 0.8646 |
Prime Electronics Backtested Returns
Prime Electronics maintains Sharpe Ratio (i.e., Efficiency) of -0.0769, which implies the firm had a -0.0769% return per unit of risk over the last 3 months. Prime Electronics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prime Electronics' Variance of 14.32, coefficient of variation of (1,900), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prime Electronics are expected to decrease at a much lower rate. During the bear market, Prime Electronics is likely to outperform the market. At this point, Prime Electronics has a negative expected return of -0.29%. Please make sure to check Prime Electronics' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Prime Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Prime Electronics Satellitics has insignificant predictability. Overlapping area represents the amount of predictability between Prime Electronics time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Prime Electronics price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Prime Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Prime Electronics lagged returns against current returns
Autocorrelation, which is Prime Electronics 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 Prime Electronics' stock expected returns. We can calculate the autocorrelation of Prime Electronics returns to help us make a trade decision. For example, suppose you find that Prime Electronics 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 |
Prime Electronics 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 Prime Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Prime Electronics Lagged Returns
When evaluating Prime Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Electronics stock have on its future price. Prime Electronics 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, Prime Electronics autocorrelation shows the relationship between Prime Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Electronics Satellitics.
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 Prime Stock Analysis
When running Prime Electronics' price analysis, check to measure Prime Electronics' 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 Prime Electronics is operating at the current time. Most of Prime Electronics' value examination focuses on studying past and present price action to predict the probability of Prime Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prime Electronics' price. Additionally, you may evaluate how the addition of Prime Electronics to your portfolios can decrease your overall portfolio volatility.