PCL Technologies (Taiwan) Market Value
| 4977 Stock | TWD 130.00 0.50 0.39% |
| Symbol | PCL |
PCL Technologies '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 PCL Technologies' 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 PCL Technologies.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in PCL Technologies on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding PCL Technologies or generate 0.0% return on investment in PCL Technologies over 720 days. PCL Technologies is related to or competes with Phison Electronics, Transcend Information, Infortrend Technology, Panram International, and Promise Technology. PCL Technologies, Inc., together with its subsidiaries, researches, manufactures, and sells optical transceiver products... More
PCL Technologies 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 PCL Technologies' 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 PCL Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.62 | |||
| Information Ratio | 0.1927 | |||
| Maximum Drawdown | 16.56 | |||
| Value At Risk | (5.16) | |||
| Potential Upside | 9.75 |
PCL Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PCL Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PCL Technologies' standard deviation. In reality, there are many statistical measures that can use PCL Technologies historical prices to predict the future PCL Technologies' volatility.| Risk Adjusted Performance | 0.1757 | |||
| Jensen Alpha | 0.8695 | |||
| Total Risk Alpha | 0.3451 | |||
| Sortino Ratio | 0.225 | |||
| Treynor Ratio | 2.01 |
PCL Technologies Backtested Returns
PCL Technologies appears to be very steady, given 3 months investment horizon. PCL Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the company had a 0.23% return per unit of volatility over the last 3 months. By evaluating PCL Technologies' technical indicators, you can evaluate if the expected return of 0.95% is justified by implied risk. Please evaluate PCL Technologies' coefficient of variation of 455.45, and Market Risk Adjusted Performance of 2.02 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PCL Technologies holds a performance score of 17. The firm holds a Beta of 0.46, which implies possible diversification benefits within a given portfolio. As returns on the market increase, PCL Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding PCL Technologies is expected to be smaller as well. Please check PCL Technologies' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether PCL Technologies' historical price patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
PCL Technologies has modest reverse predictability. Overlapping area represents the amount of predictability between PCL Technologies time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 PCL Technologies price movement. The serial correlation of -0.46 indicates that about 46.0% of current PCL Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 249.92 |
PCL Technologies lagged returns against current returns
Autocorrelation, which is PCL Technologies 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 PCL Technologies' stock expected returns. We can calculate the autocorrelation of PCL Technologies returns to help us make a trade decision. For example, suppose you find that PCL Technologies 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 |
PCL Technologies 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 PCL Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PCL Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PCL Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
PCL Technologies Lagged Returns
When evaluating PCL Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PCL Technologies stock have on its future price. PCL Technologies 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, PCL Technologies autocorrelation shows the relationship between PCL Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in PCL Technologies.
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 PCL Stock Analysis
When running PCL Technologies' price analysis, check to measure PCL Technologies' 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 PCL Technologies is operating at the current time. Most of PCL Technologies' value examination focuses on studying past and present price action to predict the probability of PCL Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PCL Technologies' price. Additionally, you may evaluate how the addition of PCL Technologies to your portfolios can decrease your overall portfolio volatility.