Prosperity Dielectrics (Taiwan) Market Value
| 6173 Stock | TWD 47.80 0.25 0.52% |
| Symbol | Prosperity |
Prosperity Dielectrics '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 Prosperity Dielectrics' 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 Prosperity Dielectrics.
| 04/07/2024 |
| 05/07/2024 |
If you would invest 0.00 in Prosperity Dielectrics on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding Prosperity Dielectrics Co or generate 0.0% return on investment in Prosperity Dielectrics over 30 days. Prosperity Dielectrics is related to or competes with Phison Electronics, Greatek Electronics, and Wafer Works. Prosperity Dielectrics Co., Ltd. manufactures and exports ceramic dielectric powders and multilayer ceramic chip capacit... More
Prosperity Dielectrics 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 Prosperity Dielectrics' 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 Prosperity Dielectrics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.49 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.58 |
Prosperity Dielectrics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prosperity Dielectrics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prosperity Dielectrics' standard deviation. In reality, there are many statistical measures that can use Prosperity Dielectrics historical prices to predict the future Prosperity Dielectrics' volatility.| Risk Adjusted Performance | 0.0274 | |||
| Jensen Alpha | 0.026 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1296 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Prosperity Dielectrics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Prosperity Dielectrics Backtested Returns
We consider Prosperity Dielectrics very steady. Prosperity Dielectrics maintains Sharpe Ratio (i.e., Efficiency) of 0.0498, which implies the firm had a 0.0498% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Prosperity Dielectrics, which you can use to evaluate the volatility of the company. Please check Prosperity Dielectrics' Risk Adjusted Performance of 0.0274, coefficient of variation of 3010.75, and Semi Deviation of 1.28 to confirm if the risk estimate we provide is consistent with the expected return of 0.0983%. Prosperity Dielectrics has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Prosperity Dielectrics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Prosperity Dielectrics is expected to be smaller as well. Prosperity Dielectrics right now holds a risk of 1.97%. Please check Prosperity Dielectrics information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Prosperity Dielectrics will be following its historical price patterns.
Auto-correlation | -0.82 |
Excellent reverse predictability
Prosperity Dielectrics Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Prosperity Dielectrics time series from 7th of April 2024 to 22nd of April 2024 and 22nd of April 2024 to 7th of May 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 Prosperity Dielectrics price movement. The serial correlation of -0.82 indicates that around 82.0% of current Prosperity Dielectrics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 4.72 |
Prosperity Dielectrics lagged returns against current returns
Autocorrelation, which is Prosperity Dielectrics 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 Prosperity Dielectrics' stock expected returns. We can calculate the autocorrelation of Prosperity Dielectrics returns to help us make a trade decision. For example, suppose you find that Prosperity Dielectrics 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 |
Prosperity Dielectrics 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 Prosperity Dielectrics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prosperity Dielectrics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prosperity Dielectrics stock over time.
Current vs Lagged Prices |
| Timeline |
Prosperity Dielectrics Lagged Returns
When evaluating Prosperity Dielectrics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prosperity Dielectrics stock have on its future price. Prosperity Dielectrics 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, Prosperity Dielectrics autocorrelation shows the relationship between Prosperity Dielectrics stock current value and its past values and can show if there is a momentum factor associated with investing in Prosperity Dielectrics Co.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Prosperity Dielectrics Correlation, Prosperity Dielectrics Volatility and Prosperity Dielectrics Alpha and Beta module to complement your research on Prosperity Dielectrics. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Prosperity Stock analysis
When running Prosperity Dielectrics' price analysis, check to measure Prosperity Dielectrics' 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 Prosperity Dielectrics is operating at the current time. Most of Prosperity Dielectrics' value examination focuses on studying past and present price action to predict the probability of Prosperity Dielectrics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prosperity Dielectrics' price. Additionally, you may evaluate how the addition of Prosperity Dielectrics to your portfolios can decrease your overall portfolio volatility.
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Prosperity Dielectrics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.