PHINMA Corp (Philippines) Market Value
| PHN Stock | 19.80 0.10 0.51% |
| Symbol | PHINMA |
PHINMA Corp '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 PHINMA Corp'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 PHINMA Corp.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in PHINMA Corp on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding PHINMA Corp or generate 0.0% return on investment in PHINMA Corp over 180 days. PHINMA Corp is related to or competes with Cebu Air, Apex Mining, STI Education, Bank of the, East West, Sun Life, and Philippine Business. More
PHINMA Corp 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 PHINMA Corp'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 PHINMA Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 4.21 |
PHINMA Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PHINMA Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PHINMA Corp's standard deviation. In reality, there are many statistical measures that can use PHINMA Corp historical prices to predict the future PHINMA Corp's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.4777 |
PHINMA Corp Backtested Returns
PHINMA Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.0437, which implies the firm had a -0.0437% return per unit of volatility over the last 3 months. PHINMA Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PHINMA Corp's coefficient of variation of (1,254), and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The company holds a Beta of -0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PHINMA Corp are expected to decrease at a much lower rate. During the bear market, PHINMA Corp is likely to outperform the market. At this point, PHINMA Corp has a negative expected return of -0.0909%. Please make sure to check PHINMA Corp's total risk alpha, daily balance of power, relative strength index, as well as the relationship between the potential upside and day typical price , to decide if PHINMA Corp performance from the past will be repeated at future time.
Auto-correlation | -0.4 |
Poor reverse predictability
PHINMA Corp has poor reverse predictability. Overlapping area represents the amount of predictability between PHINMA Corp time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 PHINMA Corp price movement. The serial correlation of -0.4 indicates that just about 40.0% of current PHINMA Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
PHINMA Corp lagged returns against current returns
Autocorrelation, which is PHINMA Corp 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 PHINMA Corp's stock expected returns. We can calculate the autocorrelation of PHINMA Corp returns to help us make a trade decision. For example, suppose you find that PHINMA Corp 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 |
PHINMA Corp 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 PHINMA Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PHINMA Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PHINMA Corp stock over time.
Current vs Lagged Prices |
| Timeline |
PHINMA Corp Lagged Returns
When evaluating PHINMA Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PHINMA Corp stock have on its future price. PHINMA Corp 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, PHINMA Corp autocorrelation shows the relationship between PHINMA Corp stock current value and its past values and can show if there is a momentum factor associated with investing in PHINMA Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in PHINMA Stock
PHINMA Corp financial ratios help investors to determine whether PHINMA 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 PHINMA with respect to the benefits of owning PHINMA Corp security.