Grand Plastic (Taiwan) Market Value
| 3131 Stock | TWD 1,130 20.00 1.80% |
| Symbol | Grand |
Grand Plastic '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 Grand Plastic'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 Grand Plastic.
| 04/23/2024 |
| 05/23/2024 |
If you would invest 0.00 in Grand Plastic on April 23, 2024 and sell it all today you would earn a total of 0.00 from holding Grand Plastic Technology or generate 0.0% return on investment in Grand Plastic over 30 days. Grand Plastic is related to or competes with Sino American, Powertech Technology, Tong Hsing, Topco Scientific, Elan Microelectronics, and Greatek Electronics. Grand Plastic Technology Corporation engages in the design, development, system customization, assembly, testing, produc... More
Grand Plastic 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 Grand Plastic'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 Grand Plastic Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.17 | |||
| Information Ratio | 0.1502 | |||
| Maximum Drawdown | 23.99 | |||
| Value At Risk | (5.86) | |||
| Potential Upside | 9.99 |
Grand Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grand Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grand Plastic's standard deviation. In reality, there are many statistical measures that can use Grand Plastic historical prices to predict the future Grand Plastic's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.8801 | |||
| Total Risk Alpha | 0.2289 | |||
| Sortino Ratio | 0.1818 | |||
| Treynor Ratio | (1.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Grand Plastic'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.
Grand Plastic Technology Backtested Returns
Grand Plastic appears to be very steady, given 3 months investment horizon. Grand Plastic Technology holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of standard deviation over the last 3 months. By evaluating Grand Plastic's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Grand Plastic's market risk adjusted performance of (1.01), and Risk Adjusted Performance of 0.1042 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grand Plastic holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Grand Plastic are expected to decrease at a much lower rate. During the bear market, Grand Plastic is likely to outperform the market. Please check Grand Plastic's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Grand Plastic's current trending patterns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
Grand Plastic Technology has good reverse predictability. Overlapping area represents the amount of predictability between Grand Plastic time series from 23rd of April 2024 to 8th of May 2024 and 8th of May 2024 to 23rd of May 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 Grand Plastic Technology price movement. The serial correlation of -0.55 indicates that about 55.0% of current Grand Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 2438.15 |
Grand Plastic Technology lagged returns against current returns
Autocorrelation, which is Grand Plastic 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 Grand Plastic's stock expected returns. We can calculate the autocorrelation of Grand Plastic returns to help us make a trade decision. For example, suppose you find that Grand Plastic 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 |
Grand Plastic 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 Grand Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grand Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grand Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
Grand Plastic Lagged Returns
When evaluating Grand Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grand Plastic stock have on its future price. Grand Plastic 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, Grand Plastic autocorrelation shows the relationship between Grand Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in Grand Plastic Technology.
Regressed Prices |
| Timeline |
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When running Grand Plastic's price analysis, check to measure Grand Plastic'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 Grand Plastic is operating at the current time. Most of Grand Plastic's value examination focuses on studying past and present price action to predict the probability of Grand Plastic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grand Plastic's price. Additionally, you may evaluate how the addition of Grand Plastic to your portfolios can decrease your overall portfolio volatility.
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Grand Plastic 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.