Panram International (Taiwan) Market Value
| 8088 Stock | TWD 46.70 0.10 0.21% |
| Symbol | Panram |
Panram International '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 Panram International'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 Panram International.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Panram International on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Panram International or generate 0.0% return on investment in Panram International over 30 days. Panram International is related to or competes with Phison Electronics, Transcend Information, and Promise Technology. Panram International Corp. provides electronic manufacturing services in Taiwan More
Panram International 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 Panram International'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 Panram International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 11.32 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 4.91 |
Panram International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Panram International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Panram International's standard deviation. In reality, there are many statistical measures that can use Panram International historical prices to predict the future Panram International's volatility.| Risk Adjusted Performance | 0.0125 | |||
| Jensen Alpha | 0.0165 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Panram International's 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.
Panram International Backtested Returns
We consider Panram International very steady. Panram International maintains Sharpe Ratio (i.e., Efficiency) of 0.0775, which implies the firm had a 0.0775% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Panram International, which you can use to evaluate the volatility of the company. Please check Panram International's Semi Deviation of 1.77, coefficient of variation of 11863.39, and Risk Adjusted Performance of 0.0125 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Panram International has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Panram International are expected to decrease at a much lower rate. During the bear market, Panram International is likely to outperform the market. Panram International right now holds a risk of 2.33%. Please check Panram International downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Panram International will be following its historical price patterns.
Auto-correlation | 0.49 |
Average predictability
Panram International has average predictability. Overlapping area represents the amount of predictability between Panram International time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Panram International price movement. The serial correlation of 0.49 indicates that about 49.0% of current Panram International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.68 |
Panram International lagged returns against current returns
Autocorrelation, which is Panram International 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 Panram International's stock expected returns. We can calculate the autocorrelation of Panram International returns to help us make a trade decision. For example, suppose you find that Panram International 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 |
Panram International 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 Panram International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Panram International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Panram International stock over time.
Current vs Lagged Prices |
| Timeline |
Panram International Lagged Returns
When evaluating Panram International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Panram International stock have on its future price. Panram International 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, Panram International autocorrelation shows the relationship between Panram International stock current value and its past values and can show if there is a momentum factor associated with investing in Panram International.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Panram International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Panram International's short interest history, or implied volatility extrapolated from Panram International options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Panram International Correlation, Panram International Volatility and Panram International Alpha and Beta module to complement your research on Panram International. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Panram Stock analysis
When running Panram International's price analysis, check to measure Panram International'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 Panram International is operating at the current time. Most of Panram International's value examination focuses on studying past and present price action to predict the probability of Panram International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Panram International's price. Additionally, you may evaluate how the addition of Panram International to your portfolios can decrease your overall portfolio volatility.
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |
Panram International 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.