Pacific Construction (Taiwan) Market Value
| 2506 Stock | TWD 12.65 0.40 3.27% |
| Symbol | Pacific |
Pacific Construction '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 Pacific Construction'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 Pacific Construction.
| 05/04/2024 |
| 06/03/2024 |
If you would invest 0.00 in Pacific Construction on May 4, 2024 and sell it all today you would earn a total of 0.00 from holding Pacific Construction Co or generate 0.0% return on investment in Pacific Construction over 30 days. Pacific Construction is related to or competes with Chainqui Construction, BES Engineering, and Sincere Navigation. Pacific Construction Co., Ltd. engages in the construction, development, and renewal of real estate properties in Taiwan More
Pacific Construction 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 Pacific Construction'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 Pacific Construction Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.1015 | |||
| Maximum Drawdown | 17.23 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 5.77 |
Pacific Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pacific Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pacific Construction's standard deviation. In reality, there are many statistical measures that can use Pacific Construction historical prices to predict the future Pacific Construction's volatility.| Risk Adjusted Performance | 0.0801 | |||
| Jensen Alpha | 0.3517 | |||
| Total Risk Alpha | 0.1834 | |||
| Sortino Ratio | 0.1283 | |||
| Treynor Ratio | 0.7565 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pacific Construction'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.
Pacific Construction Backtested Returns
Pacific Construction appears to be somewhat reliable, given 3 months investment horizon. Pacific Construction maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pacific Construction, which you can use to evaluate the volatility of the company. Please evaluate Pacific Construction's Coefficient Of Variation of 867.49, semi deviation of 2.38, and Risk Adjusted Performance of 0.0801 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pacific Construction holds a performance score of 9. The company holds a Beta of 0.49, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Pacific Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pacific Construction is expected to be smaller as well. Please check Pacific Construction's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Pacific Construction's historical price patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Pacific Construction Co has below average predictability. Overlapping area represents the amount of predictability between Pacific Construction time series from 4th of May 2024 to 19th of May 2024 and 19th of May 2024 to 3rd of June 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 Pacific Construction price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Pacific Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Pacific Construction lagged returns against current returns
Autocorrelation, which is Pacific Construction 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 Pacific Construction's stock expected returns. We can calculate the autocorrelation of Pacific Construction returns to help us make a trade decision. For example, suppose you find that Pacific Construction 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 |
Pacific Construction 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 Pacific Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pacific Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pacific Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Pacific Construction Lagged Returns
When evaluating Pacific Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pacific Construction stock have on its future price. Pacific Construction 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, Pacific Construction autocorrelation shows the relationship between Pacific Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Pacific Construction Co.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Check out Pacific Construction Correlation, Pacific Construction Volatility and Pacific Construction Alpha and Beta module to complement your research on Pacific Construction. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Pacific Stock analysis
When running Pacific Construction's price analysis, check to measure Pacific Construction'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 Pacific Construction is operating at the current time. Most of Pacific Construction's value examination focuses on studying past and present price action to predict the probability of Pacific Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pacific Construction's price. Additionally, you may evaluate how the addition of Pacific Construction to your portfolios can decrease your overall portfolio volatility.
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Pacific Construction 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.