Prince Housing (Taiwan) Market Value
| 2511 Stock | TWD 10.50 0.15 1.41% |
| Symbol | Prince |
Prince Housing '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 Prince Housing'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 Prince Housing.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Prince Housing on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Prince Housing Development or generate 0.0% return on investment in Prince Housing over 390 days. Prince Housing is related to or competes with Huang Hsiang, Asia Electronic, Elite Material, Compal Broadband, Hwa Fong, and TECO Electric. Prince Housing Development Corp. engages in the construction business primarily in Taiwan More
Prince Housing 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 Prince Housing'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 Prince Housing Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.22 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 1.88 |
Prince Housing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prince Housing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prince Housing's standard deviation. In reality, there are many statistical measures that can use Prince Housing historical prices to predict the future Prince Housing's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.2906 |
Prince Housing Devel Backtested Returns
Prince Housing Devel maintains Sharpe Ratio (i.e., Efficiency) of -0.0537, which implies the firm had a -0.0537% return per unit of risk over the last 3 months. Prince Housing Devel exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Prince Housing's Variance of 0.9638, insignificant risk adjusted performance, and Coefficient Of Variation of (10,428) to confirm the risk estimate we provide. The company holds a Beta of -0.0668, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Prince Housing are expected to decrease at a much lower rate. During the bear market, Prince Housing is likely to outperform the market. At this point, Prince Housing Devel has a negative expected return of -0.0543%. Please make sure to check Prince Housing's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Prince Housing Devel performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.31 |
Poor reverse predictability
Prince Housing Development has poor reverse predictability. Overlapping area represents the amount of predictability between Prince Housing time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 Prince Housing Devel price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Prince Housing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Prince Housing Devel lagged returns against current returns
Autocorrelation, which is Prince Housing 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 Prince Housing's stock expected returns. We can calculate the autocorrelation of Prince Housing returns to help us make a trade decision. For example, suppose you find that Prince Housing 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 |
Prince Housing 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 Prince Housing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prince Housing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prince Housing stock over time.
Current vs Lagged Prices |
| Timeline |
Prince Housing Lagged Returns
When evaluating Prince Housing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prince Housing stock have on its future price. Prince Housing 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, Prince Housing autocorrelation shows the relationship between Prince Housing stock current value and its past values and can show if there is a momentum factor associated with investing in Prince Housing Development.
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.Additional Tools for Prince Stock Analysis
When running Prince Housing's price analysis, check to measure Prince Housing'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 Prince Housing is operating at the current time. Most of Prince Housing's value examination focuses on studying past and present price action to predict the probability of Prince Housing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prince Housing's price. Additionally, you may evaluate how the addition of Prince Housing to your portfolios can decrease your overall portfolio volatility.