Primax Electronics (Taiwan) Market Value
| 4915 Stock | TWD 78.90 1.50 1.87% |
| Symbol | Primax |
Primax Electronics '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 Primax Electronics' 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 Primax Electronics.
| 11/07/2024 |
| 12/07/2024 |
If you would invest 0.00 in Primax Electronics on November 7, 2024 and sell it all today you would earn a total of 0.00 from holding Primax Electronics or generate 0.0% return on investment in Primax Electronics over 30 days. Primax Electronics is related to or competes with Flexium Interconnect, Radiant Opto, Merry Electronics, BizLink Holding, and Powertech Technology. Primax Electronics Ltd., together with its subsidiaries, manufactures and sells computer peripherals and non-computer pe... More
Primax Electronics 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 Primax Electronics' 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 Primax Electronics upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 16.94 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 3.46 |
Primax Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Primax Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Primax Electronics' standard deviation. In reality, there are many statistical measures that can use Primax Electronics historical prices to predict the future Primax Electronics' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (6.77) |
Primax Electronics Backtested Returns
Primax Electronics maintains Sharpe Ratio (i.e., Efficiency) of -0.056, which implies the firm had a -0.056% return per unit of risk over the last 3 months. Primax Electronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Primax Electronics' Coefficient Of Variation of (1,547), risk adjusted performance of (0.04), and Variance of 6.07 to confirm the risk estimate we provide. The company holds a Beta of 0.025, which implies not very significant fluctuations relative to the market. As returns on the market increase, Primax Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Primax Electronics is expected to be smaller as well. At this point, Primax Electronics has a negative expected return of -0.14%. Please make sure to check Primax Electronics' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Primax Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Primax Electronics has below average predictability. Overlapping area represents the amount of predictability between Primax Electronics time series from 7th of November 2024 to 22nd of November 2024 and 22nd of November 2024 to 7th 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 Primax Electronics price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Primax Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.86 |
Primax Electronics lagged returns against current returns
Autocorrelation, which is Primax Electronics 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 Primax Electronics' stock expected returns. We can calculate the autocorrelation of Primax Electronics returns to help us make a trade decision. For example, suppose you find that Primax Electronics 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 |
Primax Electronics 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 Primax Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Primax Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Primax Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Primax Electronics Lagged Returns
When evaluating Primax Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Primax Electronics stock have on its future price. Primax Electronics 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, Primax Electronics autocorrelation shows the relationship between Primax Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Primax Electronics.
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 Primax Stock Analysis
When running Primax Electronics' price analysis, check to measure Primax Electronics' 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 Primax Electronics is operating at the current time. Most of Primax Electronics' value examination focuses on studying past and present price action to predict the probability of Primax Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Primax Electronics' price. Additionally, you may evaluate how the addition of Primax Electronics to your portfolios can decrease your overall portfolio volatility.