Phytohealth Corp (Taiwan) Market Value
| 4108 Stock | TWD 16.40 0.20 1.23% |
| Symbol | Phytohealth |
Phytohealth Corp '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 Phytohealth Corp'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 Phytohealth Corp.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Phytohealth Corp on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Phytohealth Corp or generate 0.0% return on investment in Phytohealth Corp over 180 days. Phytohealth Corp is related to or competes with CHC Healthcare, GenMont Biotech, Sinphar Pharmaceutical, Abnova Taiwan, and Wellell. PhytoHealth Corporation engages in the development of botanical drugs in Asia More
Phytohealth Corp 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 Phytohealth Corp'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 Phytohealth Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 6.49 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 1.68 |
Phytohealth Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Phytohealth Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Phytohealth Corp's standard deviation. In reality, there are many statistical measures that can use Phytohealth Corp historical prices to predict the future Phytohealth Corp's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.48) |
Phytohealth Corp Backtested Returns
Phytohealth Corp maintains Sharpe Ratio (i.e., Efficiency) of -0.15, which implies the firm had a -0.15% return per unit of risk over the last 3 months. Phytohealth Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Phytohealth Corp's Risk Adjusted Performance of (0.10), coefficient of variation of (718.68), and Variance of 1.31 to confirm the risk estimate we provide. The company holds a Beta of 0.35, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Phytohealth Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Phytohealth Corp is expected to be smaller as well. At this point, Phytohealth Corp has a negative expected return of -0.18%. Please make sure to check Phytohealth Corp's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Phytohealth Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Phytohealth Corp has good predictability. Overlapping area represents the amount of predictability between Phytohealth Corp time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Phytohealth Corp price movement. The serial correlation of 0.75 indicates that around 75.0% of current Phytohealth Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Phytohealth Corp lagged returns against current returns
Autocorrelation, which is Phytohealth Corp 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 Phytohealth Corp's stock expected returns. We can calculate the autocorrelation of Phytohealth Corp returns to help us make a trade decision. For example, suppose you find that Phytohealth Corp 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 |
Phytohealth Corp 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 Phytohealth Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Phytohealth Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Phytohealth Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Phytohealth Corp Lagged Returns
When evaluating Phytohealth Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Phytohealth Corp stock have on its future price. Phytohealth Corp 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, Phytohealth Corp autocorrelation shows the relationship between Phytohealth Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Phytohealth Corp.
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.Additional Tools for Phytohealth Stock Analysis
When running Phytohealth Corp's price analysis, check to measure Phytohealth Corp'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 Phytohealth Corp is operating at the current time. Most of Phytohealth Corp's value examination focuses on studying past and present price action to predict the probability of Phytohealth Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phytohealth Corp's price. Additionally, you may evaluate how the addition of Phytohealth Corp to your portfolios can decrease your overall portfolio volatility.