Powerchip Semiconductor (Taiwan) Market Value
| 6770 Stock | 17.95 0.35 1.99% |
| Symbol | Powerchip |
Powerchip Semiconductor '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 Powerchip Semiconductor'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 Powerchip Semiconductor.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Powerchip Semiconductor on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Powerchip Semiconductor Manufacturing or generate 0.0% return on investment in Powerchip Semiconductor over 30 days. Powerchip Semiconductor is related to or competes with Taiwan Semiconductor, MediaTek, United Microelectronics, Novatek Microelectronics, Realtek Semiconductor, Vanguard International, and Powerchip Semiconductor. More
Powerchip Semiconductor 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 Powerchip Semiconductor'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 Powerchip Semiconductor Manufacturing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 7.26 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 2.58 |
Powerchip Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Powerchip Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Powerchip Semiconductor's standard deviation. In reality, there are many statistical measures that can use Powerchip Semiconductor historical prices to predict the future Powerchip Semiconductor's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.68) |
Powerchip Semiconductor Backtested Returns
Powerchip Semiconductor maintains Sharpe Ratio (i.e., Efficiency) of -0.16, which implies the firm had a -0.16% return per unit of risk over the last 3 months. Powerchip Semiconductor exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Powerchip Semiconductor's Variance of 2.97, coefficient of variation of (667.27), and Risk Adjusted Performance of (0.11) to confirm the risk estimate we provide. The company holds a Beta of 0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Powerchip Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Powerchip Semiconductor is expected to be smaller as well. At this point, Powerchip Semiconductor has a negative expected return of -0.27%. Please make sure to check Powerchip Semiconductor's treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to decide if Powerchip Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Powerchip Semiconductor Manufacturing has insignificant reverse predictability. Overlapping area represents the amount of predictability between Powerchip Semiconductor 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 Powerchip Semiconductor price movement. The serial correlation of -0.19 indicates that over 19.0% of current Powerchip Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Powerchip Semiconductor lagged returns against current returns
Autocorrelation, which is Powerchip Semiconductor 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 Powerchip Semiconductor's stock expected returns. We can calculate the autocorrelation of Powerchip Semiconductor returns to help us make a trade decision. For example, suppose you find that Powerchip Semiconductor 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 |
Powerchip Semiconductor 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 Powerchip Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Powerchip Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Powerchip Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
Powerchip Semiconductor Lagged Returns
When evaluating Powerchip Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Powerchip Semiconductor stock have on its future price. Powerchip Semiconductor 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, Powerchip Semiconductor autocorrelation shows the relationship between Powerchip Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in Powerchip Semiconductor Manufacturing.
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 Powerchip Stock Analysis
When running Powerchip Semiconductor's price analysis, check to measure Powerchip Semiconductor'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 Powerchip Semiconductor is operating at the current time. Most of Powerchip Semiconductor's value examination focuses on studying past and present price action to predict the probability of Powerchip Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Powerchip Semiconductor's price. Additionally, you may evaluate how the addition of Powerchip Semiconductor to your portfolios can decrease your overall portfolio volatility.