P Duke (Taiwan) Market Value
| 8109 Stock | TWD 87.00 0.10 0.12% |
| Symbol | 8109 |
P Duke '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 P Duke'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 P Duke.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in P Duke on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding P Duke Technology Co or generate 0.0% return on investment in P Duke over 30 days. P Duke is related to or competes with Sporton International, Planet Technology, Posiflex Technology, ECOVE Environment, and Polytronics Technology. ,Ltd. engages in the research, development, production, sale, and servicing of DCDC converters and related products in E... More
P Duke 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 P Duke'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 P Duke Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.74 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 1.11 |
P Duke Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for P Duke's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as P Duke's standard deviation. In reality, there are many statistical measures that can use P Duke historical prices to predict the future P Duke's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 1.45 |
P Duke Technology Backtested Returns
P Duke Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0841, which implies the company had a -0.0841% return per unit of risk over the last 3 months. P Duke Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check P Duke's Coefficient Of Variation of (3,500), variance of 0.4265, and Market Risk Adjusted Performance of 1.46 to confirm the risk estimate we provide. The firm holds a Beta of -0.0197, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning P Duke are expected to decrease at a much lower rate. During the bear market, P Duke is likely to outperform the market. At this point, P Duke Technology has a negative expected return of -0.0486%. Please make sure to check P Duke's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if P Duke Technology performance from the past will be repeated sooner or later.
Auto-correlation | -0.37 |
Poor reverse predictability
P Duke Technology Co has poor reverse predictability. Overlapping area represents the amount of predictability between P Duke 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 P Duke Technology price movement. The serial correlation of -0.37 indicates that just about 37.0% of current P Duke price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
P Duke Technology lagged returns against current returns
Autocorrelation, which is P Duke 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 P Duke's stock expected returns. We can calculate the autocorrelation of P Duke returns to help us make a trade decision. For example, suppose you find that P Duke 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 |
P Duke 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 P Duke stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if P Duke stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in P Duke stock over time.
Current vs Lagged Prices |
| Timeline |
P Duke Lagged Returns
When evaluating P Duke's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of P Duke stock have on its future price. P Duke 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, P Duke autocorrelation shows the relationship between P Duke stock current value and its past values and can show if there is a momentum factor associated with investing in P Duke Technology Co.
Regressed Prices |
| Timeline |
Pair Trading with P Duke
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if P Duke position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in P Duke will appreciate offsetting losses from the drop in the long position's value.Moving together with 8109 Stock
Moving against 8109 Stock
| 0.59 | 6781 | Advanced Energy Solution | PairCorr |
| 0.54 | 3211 | Dynapack International | PairCorr |
| 0.51 | 2317 | Hon Hai Precision | PairCorr |
| 0.49 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.45 | 4576 | Hiwin Mikrosystem Corp | PairCorr |
The ability to find closely correlated positions to P Duke could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace P Duke when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back P Duke - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling P Duke Technology Co to buy it.
The correlation of P Duke is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as P Duke moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if P Duke Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for P Duke can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for 8109 Stock Analysis
When running P Duke's price analysis, check to measure P Duke'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 P Duke is operating at the current time. Most of P Duke's value examination focuses on studying past and present price action to predict the probability of P Duke's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move P Duke's price. Additionally, you may evaluate how the addition of P Duke to your portfolios can decrease your overall portfolio volatility.