Piotech (China) Market Value
| 688072 Stock | 190.13 0.23 0.12% |
| Symbol | Piotech |
Piotech '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 Piotech'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 Piotech.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Piotech on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Piotech Inc A or generate 0.0% return on investment in Piotech over 30 days. Piotech is related to or competes with Everdisplay Optronics, Shanghai Jinfeng, State Grid, Citic Guoan, Zhongtong Guomai, Shenzhen Kexin, and Sunwave Communications. Piotech is entity of China. It is traded as Stock on SHG exchange. More
Piotech 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 Piotech'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 Piotech Inc A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.09 | |||
| Information Ratio | 0.1166 | |||
| Maximum Drawdown | 30.46 | |||
| Value At Risk | (6.63) | |||
| Potential Upside | 11.7 |
Piotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Piotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Piotech's standard deviation. In reality, there are many statistical measures that can use Piotech historical prices to predict the future Piotech's volatility.| Risk Adjusted Performance | 0.1161 | |||
| Jensen Alpha | 0.7269 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.154 | |||
| Treynor Ratio | 3.75 |
Piotech Inc A Backtested Returns
Piotech appears to be very steady, given 3 months investment horizon. Piotech Inc A maintains Sharpe Ratio (i.e., Efficiency) of 0.15, which implies the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Piotech's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please evaluate Piotech's Risk Adjusted Performance of 0.1161, coefficient of variation of 710.96, and Semi Deviation of 3.53 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Piotech holds a performance score of 12. The company holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, Piotech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Piotech is expected to be smaller as well. Please check Piotech's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Piotech's historical price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Piotech Inc A has poor reverse predictability. Overlapping area represents the amount of predictability between Piotech 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 Piotech Inc A price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Piotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 49.3 |
Piotech Inc A lagged returns against current returns
Autocorrelation, which is Piotech 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 Piotech's stock expected returns. We can calculate the autocorrelation of Piotech returns to help us make a trade decision. For example, suppose you find that Piotech 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 |
Piotech 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 Piotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Piotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Piotech stock over time.
Current vs Lagged Prices |
| Timeline |
Piotech Lagged Returns
When evaluating Piotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Piotech stock have on its future price. Piotech 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, Piotech autocorrelation shows the relationship between Piotech stock current value and its past values and can show if there is a momentum factor associated with investing in Piotech Inc A.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Piotech Stock
Piotech financial ratios help investors to determine whether Piotech Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Piotech with respect to the benefits of owning Piotech security.