Phihong Technology (Taiwan) Market Value
| 2457 Stock | TWD 52.30 1.30 2.55% |
| Symbol | Phihong |
Phihong 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 Phihong 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 Phihong Technology.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Phihong Technology on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Phihong Technology Co or generate 0.0% return on investment in Phihong Technology over 90 days. Phihong Technology is related to or competes with Ichia Technologies, Elan Microelectronics, Amtran Technology, Sunplus Technology, and Pan Jit. Phihong Technology Co., Ltd. manufactures and sells power supply products in Taiwan and internationally More
Phihong 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 Phihong 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 Phihong Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 4.45 |
Phihong Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phihong Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phihong Technology's standard deviation. In reality, there are many statistical measures that can use Phihong Technology historical prices to predict the future Phihong Technology's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | 0.3738 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Phihong Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Phihong Technology Backtested Returns
Phihong Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0611, which implies the firm had a -0.0611% return per unit of risk over the last 3 months. Phihong Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Phihong Technology's Variance of 4.73, coefficient of variation of (1,636), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The company holds a Beta of -0.38, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Phihong Technology are expected to decrease at a much lower rate. During the bear market, Phihong Technology is likely to outperform the market. Phihong Technology has an expected return of -0.13%. Please make sure to check Phihong Technology mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Phihong Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Phihong Technology Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Phihong Technology time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 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 Phihong Technology price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Phihong Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
Phihong Technology lagged returns against current returns
Autocorrelation, which is Phihong 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 Phihong Technology's stock expected returns. We can calculate the autocorrelation of Phihong Technology returns to help us make a trade decision. For example, suppose you find that Phihong 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 |
Phihong 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 Phihong Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phihong Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phihong Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Phihong Technology Lagged Returns
When evaluating Phihong Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phihong Technology stock have on its future price. Phihong 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, Phihong Technology autocorrelation shows the relationship between Phihong Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Phihong Technology Co.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Phihong Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Phihong Technology's short interest history, or implied volatility extrapolated from Phihong Technology options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Phihong Technology Correlation, Phihong Technology Volatility and Phihong Technology Alpha and Beta module to complement your research on Phihong Technology. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Phihong Stock analysis
When running Phihong Technology's price analysis, check to measure Phihong 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 Phihong Technology is operating at the current time. Most of Phihong Technology's value examination focuses on studying past and present price action to predict the probability of Phihong 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 Phihong Technology's price. Additionally, you may evaluate how the addition of Phihong Technology to your portfolios can decrease your overall portfolio volatility.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |
Phihong Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.