Powertech Technology (Taiwan) Market Value
| 6239 Stock | TWD 126.50 1.50 1.20% |
| Symbol | Powertech |
Powertech Technology '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 Powertech Technology'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 Powertech Technology.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Powertech Technology on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Powertech Technology or generate 0.0% return on investment in Powertech Technology over 30 days. Powertech Technology is related to or competes with Novatek Microelectronics, King Yuan, Realtek Semiconductor, Nanya Technology, and Wistron Corp. Powertech Technology Inc., together with its subsidiaries, researches, designs, develops, assembles, manufactures, packa... More
Powertech Technology 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 Powertech Technology'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 Powertech Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.94 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 2.02 |
Powertech Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Powertech Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Powertech Technology's standard deviation. In reality, there are many statistical measures that can use Powertech Technology historical prices to predict the future Powertech Technology's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (17.33) |
Powertech Technology Backtested Returns
Powertech Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.12, which implies the firm had a -0.12% return per unit of risk over the last 3 months. Powertech Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Powertech Technology's Risk Adjusted Performance of (0.07), variance of 2.75, and Coefficient Of Variation of (963.93) to confirm the risk estimate we provide. The company holds a Beta of 0.0105, which implies not very significant fluctuations relative to the market. As returns on the market increase, Powertech Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Powertech Technology is expected to be smaller as well. At this point, Powertech Technology has a negative expected return of -0.21%. Please make sure to check Powertech Technology's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Powertech Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.19 |
Very weak predictability
Powertech Technology has very weak predictability. Overlapping area represents the amount of predictability between Powertech Technology time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Powertech Technology price movement. The serial correlation of 0.19 indicates that over 19.0% of current Powertech Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.25 |
Powertech Technology lagged returns against current returns
Autocorrelation, which is Powertech Technology 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 Powertech Technology's stock expected returns. We can calculate the autocorrelation of Powertech Technology returns to help us make a trade decision. For example, suppose you find that Powertech Technology 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 |
Powertech Technology 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 Powertech Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Powertech Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Powertech Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Powertech Technology Lagged Returns
When evaluating Powertech Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Powertech Technology stock have on its future price. Powertech Technology 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, Powertech Technology autocorrelation shows the relationship between Powertech Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Powertech Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Powertech Stock Analysis
When running Powertech Technology's price analysis, check to measure Powertech Technology'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 Powertech Technology is operating at the current time. Most of Powertech Technology's value examination focuses on studying past and present price action to predict the probability of Powertech Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Powertech Technology's price. Additionally, you may evaluate how the addition of Powertech Technology to your portfolios can decrease your overall portfolio volatility.