Posiflex Technology (Taiwan) Market Value
| 8114 Stock | TWD 299.00 25.00 9.12% |
| Symbol | Posiflex |
Posiflex 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 Posiflex 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 Posiflex Technology.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Posiflex Technology on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Posiflex Technology or generate 0.0% return on investment in Posiflex Technology over 360 days. Posiflex Technology is related to or competes with Novatek Microelectronics, Quanta Computer, and United Microelectronics. Posiflex Technology, Inc. designs, manufactures, and sells point of sale systems and peripherals in Taiwan, the United S... More
Posiflex 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 Posiflex 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 Posiflex Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.2022 | |||
| Maximum Drawdown | 13.8 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 7.82 |
Posiflex Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Posiflex Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Posiflex Technology's standard deviation. In reality, there are many statistical measures that can use Posiflex Technology historical prices to predict the future Posiflex Technology's volatility.| Risk Adjusted Performance | 0.1943 | |||
| Jensen Alpha | 0.7989 | |||
| Total Risk Alpha | 0.262 | |||
| Sortino Ratio | 0.2684 | |||
| Treynor Ratio | (2.35) |
Posiflex Technology Backtested Returns
Posiflex Technology appears to be very steady, given 3 months investment horizon. Posiflex Technology maintains Sharpe Ratio (i.e., Efficiency) of 0.25, which implies the firm had a 0.25% return per unit of risk over the last 3 months. By analyzing Posiflex Technology's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please evaluate Posiflex Technology's Risk Adjusted Performance of 0.1943, semi deviation of 1.71, and Coefficient Of Variation of 410.63 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Posiflex Technology holds a performance score of 19. The company holds a Beta of -0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Posiflex Technology are expected to decrease at a much lower rate. During the bear market, Posiflex Technology is likely to outperform the market. Please check Posiflex Technology's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Posiflex Technology's historical price patterns will revert.
Auto-correlation | 0.21 |
Weak predictability
Posiflex Technology has weak predictability. Overlapping area represents the amount of predictability between Posiflex Technology time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Posiflex Technology price movement. The serial correlation of 0.21 indicates that over 21.0% of current Posiflex Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 535.16 |
Posiflex Technology lagged returns against current returns
Autocorrelation, which is Posiflex 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 Posiflex Technology's stock expected returns. We can calculate the autocorrelation of Posiflex Technology returns to help us make a trade decision. For example, suppose you find that Posiflex 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 |
Posiflex 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 Posiflex Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Posiflex Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Posiflex Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Posiflex Technology Lagged Returns
When evaluating Posiflex Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Posiflex Technology stock have on its future price. Posiflex 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, Posiflex Technology autocorrelation shows the relationship between Posiflex Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Posiflex Technology.
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 Posiflex Stock Analysis
When running Posiflex Technology's price analysis, check to measure Posiflex 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 Posiflex Technology is operating at the current time. Most of Posiflex Technology's value examination focuses on studying past and present price action to predict the probability of Posiflex 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 Posiflex Technology's price. Additionally, you may evaluate how the addition of Posiflex Technology to your portfolios can decrease your overall portfolio volatility.