Phoenix Silicon (Taiwan) Market Value
| 8028 Stock | TWD 54.00 1.00 1.89% |
| Symbol | Phoenix |
Phoenix Silicon '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 Phoenix Silicon'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 Phoenix Silicon.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Phoenix Silicon on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Phoenix Silicon International or generate 0.0% return on investment in Phoenix Silicon over 30 days. Phoenix Silicon is related to or competes with Taiwan Semiconductor, MediaTek, United Microelectronics, Novatek Microelectronics, Silergy Corp, GlobalWafers, and Realtek Semiconductor. Phoenix Silicon International Corporation operates in the wafer and energy industries in Taiwan More
Phoenix Silicon 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 Phoenix Silicon'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 Phoenix Silicon International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.56 | |||
| Information Ratio | 0.0111 | |||
| Maximum Drawdown | 11.09 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.7 |
Phoenix Silicon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phoenix Silicon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phoenix Silicon's standard deviation. In reality, there are many statistical measures that can use Phoenix Silicon historical prices to predict the future Phoenix Silicon's volatility.| Risk Adjusted Performance | 0.0424 | |||
| Jensen Alpha | 0.1299 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0138 | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Phoenix Silicon'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.
Phoenix Silicon Inte Backtested Returns
We consider Phoenix Silicon very steady. Phoenix Silicon Inte maintains Sharpe Ratio (i.e., Efficiency) of 0.0579, which implies the firm had a 0.0579% return per unit of risk over the last 3 months. We have found thirty technical indicators for Phoenix Silicon Inte, which you can use to evaluate the volatility of the company. Please check Phoenix Silicon's Risk Adjusted Performance of 0.0424, coefficient of variation of 1750.74, and Semi Deviation of 1.39 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. Phoenix Silicon has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of -0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Phoenix Silicon are expected to decrease at a much lower rate. During the bear market, Phoenix Silicon is likely to outperform the market. Phoenix Silicon Inte right now holds a risk of 2.05%. Please check Phoenix Silicon Inte coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Phoenix Silicon Inte will be following its historical price patterns.
Auto-correlation | -0.21 |
Weak reverse predictability
Phoenix Silicon International has weak reverse predictability. Overlapping area represents the amount of predictability between Phoenix Silicon time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Phoenix Silicon Inte price movement. The serial correlation of -0.21 indicates that over 21.0% of current Phoenix Silicon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
Phoenix Silicon Inte lagged returns against current returns
Autocorrelation, which is Phoenix Silicon 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 Phoenix Silicon's stock expected returns. We can calculate the autocorrelation of Phoenix Silicon returns to help us make a trade decision. For example, suppose you find that Phoenix Silicon 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 |
Phoenix Silicon 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 Phoenix Silicon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phoenix Silicon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phoenix Silicon stock over time.
Current vs Lagged Prices |
| Timeline |
Phoenix Silicon Lagged Returns
When evaluating Phoenix Silicon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phoenix Silicon stock have on its future price. Phoenix Silicon 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, Phoenix Silicon autocorrelation shows the relationship between Phoenix Silicon stock current value and its past values and can show if there is a momentum factor associated with investing in Phoenix Silicon 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 Phoenix Silicon 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, Phoenix Silicon's short interest history, or implied volatility extrapolated from Phoenix Silicon options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Phoenix Silicon Correlation, Phoenix Silicon Volatility and Phoenix Silicon Alpha and Beta module to complement your research on Phoenix Silicon. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Phoenix Stock analysis
When running Phoenix Silicon's price analysis, check to measure Phoenix Silicon'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 Phoenix Silicon is operating at the current time. Most of Phoenix Silicon's value examination focuses on studying past and present price action to predict the probability of Phoenix Silicon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phoenix Silicon's price. Additionally, you may evaluate how the addition of Phoenix Silicon to your portfolios can decrease your overall portfolio volatility.
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Phoenix Silicon 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.