Nan Pao (Taiwan) Market Value
| 4766 Stock | 331.50 9.50 2.95% |
| Symbol | Nan |
Nan Pao '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 Nan Pao'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 Nan Pao.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Nan Pao on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Nan Pao Resins or generate 0.0% return on investment in Nan Pao over 720 days. Nan Pao is related to or competes with Formosa Petrochemical, and Cathay Financial. More
Nan Pao 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 Nan Pao'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 Nan Pao Resins upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.0428 | |||
| Maximum Drawdown | 9.41 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 3.17 |
Nan Pao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nan Pao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nan Pao's standard deviation. In reality, there are many statistical measures that can use Nan Pao historical prices to predict the future Nan Pao's volatility.| Risk Adjusted Performance | 0.0895 | |||
| Jensen Alpha | 0.2121 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0487 | |||
| Treynor Ratio | (1.25) |
Nan Pao Resins Backtested Returns
At this stage we consider Nan Stock to be very steady. Nan Pao Resins has Sharpe Ratio of 0.0961, which conveys that the firm had a 0.0961% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nan Pao, which you can use to evaluate the volatility of the firm. Please verify Nan Pao's Risk Adjusted Performance of 0.0895, downside deviation of 1.64, and Mean Deviation of 1.43 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Nan Pao has a performance score of 7 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nan Pao are expected to decrease at a much lower rate. During the bear market, Nan Pao is likely to outperform the market. Nan Pao Resins right now secures a risk of 1.82%. Please verify Nan Pao Resins downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Nan Pao Resins will be following its current price movements.
Auto-correlation | -0.06 |
Very weak reverse predictability
Nan Pao Resins has very weak reverse predictability. Overlapping area represents the amount of predictability between Nan Pao time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Nan Pao Resins price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Nan Pao price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 764.25 |
Nan Pao Resins lagged returns against current returns
Autocorrelation, which is Nan Pao 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 Nan Pao's stock expected returns. We can calculate the autocorrelation of Nan Pao returns to help us make a trade decision. For example, suppose you find that Nan Pao 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 |
Nan Pao 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 Nan Pao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nan Pao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nan Pao stock over time.
Current vs Lagged Prices |
| Timeline |
Nan Pao Lagged Returns
When evaluating Nan Pao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nan Pao stock have on its future price. Nan Pao 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, Nan Pao autocorrelation shows the relationship between Nan Pao stock current value and its past values and can show if there is a momentum factor associated with investing in Nan Pao Resins.
Regressed Prices |
| Timeline |
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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 Nan Stock Analysis
When running Nan Pao's price analysis, check to measure Nan Pao'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 Nan Pao is operating at the current time. Most of Nan Pao's value examination focuses on studying past and present price action to predict the probability of Nan Pao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nan Pao's price. Additionally, you may evaluate how the addition of Nan Pao to your portfolios can decrease your overall portfolio volatility.