Paiho Shih (Taiwan) Market Value
| 8404 Stock | TWD 29.75 0.10 0.34% |
| Symbol | Paiho |
Paiho Shih '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 Paiho Shih'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 Paiho Shih.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Paiho Shih on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Paiho Shih Holdings or generate 0.0% return on investment in Paiho Shih over 30 days. Paiho Shih is related to or competes with Chaintech Technology, AVerMedia Technologies, Avision, Clevo, and Elitegroup Computer. Paiho Shih Holdings Corporation, through its subsidiaries, manufactures and sells touch fastener, webbing, elastic, jacq... More
Paiho Shih 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 Paiho Shih'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 Paiho Shih Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.1839 | |||
| Maximum Drawdown | 16.66 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 9.76 |
Paiho Shih Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Paiho Shih's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Paiho Shih's standard deviation. In reality, there are many statistical measures that can use Paiho Shih historical prices to predict the future Paiho Shih's volatility.| Risk Adjusted Performance | 0.1776 | |||
| Jensen Alpha | 0.7499 | |||
| Total Risk Alpha | 0.1889 | |||
| Sortino Ratio | 0.2536 | |||
| Treynor Ratio | 2.43 |
Paiho Shih Holdings Backtested Returns
Paiho Shih appears to be not too volatile, given 3 months investment horizon. Paiho Shih Holdings maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the firm had a 0.23% return per unit of risk over the last 3 months. By analyzing Paiho Shih's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please evaluate Paiho Shih's Semi Deviation of 2.03, risk adjusted performance of 0.1776, and Coefficient Of Variation of 450.37 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Paiho Shih holds a performance score of 18. The company holds a Beta of 0.33, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Paiho Shih's returns are expected to increase less than the market. However, during the bear market, the loss of holding Paiho Shih is expected to be smaller as well. Please check Paiho Shih's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Paiho Shih's historical price patterns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Paiho Shih Holdings has very good reverse predictability. Overlapping area represents the amount of predictability between Paiho Shih time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Paiho Shih Holdings price movement. The serial correlation of -0.7 indicates that around 70.0% of current Paiho Shih price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Paiho Shih Holdings lagged returns against current returns
Autocorrelation, which is Paiho Shih 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 Paiho Shih's stock expected returns. We can calculate the autocorrelation of Paiho Shih returns to help us make a trade decision. For example, suppose you find that Paiho Shih 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 |
Paiho Shih 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 Paiho Shih stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Paiho Shih stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Paiho Shih stock over time.
Current vs Lagged Prices |
| Timeline |
Paiho Shih Lagged Returns
When evaluating Paiho Shih's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Paiho Shih stock have on its future price. Paiho Shih 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, Paiho Shih autocorrelation shows the relationship between Paiho Shih stock current value and its past values and can show if there is a momentum factor associated with investing in Paiho Shih Holdings.
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 Paiho Stock Analysis
When running Paiho Shih's price analysis, check to measure Paiho Shih'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 Paiho Shih is operating at the current time. Most of Paiho Shih's value examination focuses on studying past and present price action to predict the probability of Paiho Shih's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paiho Shih's price. Additionally, you may evaluate how the addition of Paiho Shih to your portfolios can decrease your overall portfolio volatility.