Pontex Polyblend (Taiwan) Market Value
| 8935 Stock | TWD 23.85 0.85 3.70% |
| Symbol | Pontex |
Pontex Polyblend '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 Pontex Polyblend'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 Pontex Polyblend.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Pontex Polyblend on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Pontex Polyblend CoLtd or generate 0.0% return on investment in Pontex Polyblend over 720 days. Pontex Polyblend is related to or competes with Cheng Shin, Nankang Rubber, USI Corp, Asia Polymer, Yem Chio, Ocean Plastics, and Formosan Rubber. Pontex Polyblend Co., Ltd. engages in footwear injection molding and engineering plastics compound materials businesses ... More
Pontex Polyblend 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 Pontex Polyblend'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 Pontex Polyblend CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.1464 | |||
| Maximum Drawdown | 15.55 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 5.18 |
Pontex Polyblend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pontex Polyblend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pontex Polyblend's standard deviation. In reality, there are many statistical measures that can use Pontex Polyblend historical prices to predict the future Pontex Polyblend's volatility.| Risk Adjusted Performance | 0.1579 | |||
| Jensen Alpha | 0.5056 | |||
| Total Risk Alpha | 0.092 | |||
| Sortino Ratio | 0.1683 | |||
| Treynor Ratio | (14.58) |
Pontex Polyblend CoLtd Backtested Returns
Pontex Polyblend appears to be not too volatile, given 3 months investment horizon. Pontex Polyblend CoLtd maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Pontex Polyblend's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please evaluate Pontex Polyblend's Coefficient Of Variation of 508.41, semi deviation of 1.44, and Risk Adjusted Performance of 0.1579 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pontex Polyblend holds a performance score of 16. The company holds a Beta of -0.0344, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pontex Polyblend are expected to decrease at a much lower rate. During the bear market, Pontex Polyblend is likely to outperform the market. Please check Pontex Polyblend's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Pontex Polyblend's historical price patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Pontex Polyblend CoLtd has poor reverse predictability. Overlapping area represents the amount of predictability between Pontex Polyblend time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 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 Pontex Polyblend CoLtd price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Pontex Polyblend price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 10.87 |
Pontex Polyblend CoLtd lagged returns against current returns
Autocorrelation, which is Pontex Polyblend 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 Pontex Polyblend's stock expected returns. We can calculate the autocorrelation of Pontex Polyblend returns to help us make a trade decision. For example, suppose you find that Pontex Polyblend 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 |
Pontex Polyblend 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 Pontex Polyblend stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pontex Polyblend stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pontex Polyblend stock over time.
Current vs Lagged Prices |
| Timeline |
Pontex Polyblend Lagged Returns
When evaluating Pontex Polyblend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pontex Polyblend stock have on its future price. Pontex Polyblend 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, Pontex Polyblend autocorrelation shows the relationship between Pontex Polyblend stock current value and its past values and can show if there is a momentum factor associated with investing in Pontex Polyblend CoLtd.
Regressed Prices |
| Timeline |
Pair Trading with Pontex Polyblend
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 Pontex Polyblend 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 Pontex Polyblend will appreciate offsetting losses from the drop in the long position's value.Moving against Pontex Stock
| 0.83 | 2891C | CTBC Financial Holding | PairCorr |
| 0.81 | 1321 | Ocean Plastics | PairCorr |
| 0.75 | 4306 | Yem Chio | PairCorr |
| 0.71 | 2888A | Shin Kong Financial Earnings Call This Week | PairCorr |
| 0.65 | 2888 | Shin Kong Financial Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Pontex Polyblend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pontex Polyblend 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 Pontex Polyblend - 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 Pontex Polyblend CoLtd to buy it.
The correlation of Pontex Polyblend 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 Pontex Polyblend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pontex Polyblend CoLtd 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 Pontex Polyblend 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 Pontex Stock Analysis
When running Pontex Polyblend's price analysis, check to measure Pontex Polyblend'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 Pontex Polyblend is operating at the current time. Most of Pontex Polyblend's value examination focuses on studying past and present price action to predict the probability of Pontex Polyblend's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pontex Polyblend's price. Additionally, you may evaluate how the addition of Pontex Polyblend to your portfolios can decrease your overall portfolio volatility.