Jia Jie (Taiwan) Market Value
| 4109 Stock | TWD 24.40 0.05 0.21% |
| Symbol | Jia |
Jia Jie '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 Jia Jie'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 Jia Jie.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Jia Jie on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Jia Jie Biomedical or generate 0.0% return on investment in Jia Jie over 30 days. Jia Jie is related to or competes with Uni President, Tingyi Holding, Lien Hwa, Great Wall, Standard Foods, Microbio, and TTET Union. Jia Jie Biomedical Co., Ltd. provides natural terrapin related nutrition supplements in Taiwan, Japan, and Mainland Chin... More
Jia Jie 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 Jia Jie'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 Jia Jie Biomedical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 7.7 | |||
| Value At Risk | (3.63) | |||
| Potential Upside | 3.1 |
Jia Jie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jia Jie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jia Jie's standard deviation. In reality, there are many statistical measures that can use Jia Jie historical prices to predict the future Jia Jie's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 2.83 |
Jia Jie Biomedical Backtested Returns
Jia Jie Biomedical holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had a -0.18% return per unit of risk over the last 3 months. Jia Jie Biomedical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jia Jie's Risk Adjusted Performance of (0.15), standard deviation of 1.84, and Market Risk Adjusted Performance of 2.84 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jia Jie are expected to decrease at a much lower rate. During the bear market, Jia Jie is likely to outperform the market. At this point, Jia Jie Biomedical has a negative expected return of -0.32%. Please make sure to check out Jia Jie's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Jia Jie Biomedical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.78 |
Good predictability
Jia Jie Biomedical has good predictability. Overlapping area represents the amount of predictability between Jia Jie time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Jia Jie Biomedical price movement. The serial correlation of 0.78 indicates that around 78.0% of current Jia Jie price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Jia Jie Biomedical lagged returns against current returns
Autocorrelation, which is Jia Jie 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 Jia Jie's stock expected returns. We can calculate the autocorrelation of Jia Jie returns to help us make a trade decision. For example, suppose you find that Jia Jie 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 |
Jia Jie 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 Jia Jie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jia Jie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jia Jie stock over time.
Current vs Lagged Prices |
| Timeline |
Jia Jie Lagged Returns
When evaluating Jia Jie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jia Jie stock have on its future price. Jia Jie 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, Jia Jie autocorrelation shows the relationship between Jia Jie stock current value and its past values and can show if there is a momentum factor associated with investing in Jia Jie Biomedical.
Regressed Prices |
| Timeline |
Pair Trading with Jia Jie
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Jia Jie position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Jia Jie will appreciate offsetting losses from the drop in the long position's value.Moving together with Jia Stock
Moving against Jia Stock
| 0.78 | 1231 | Lian Hwa Foods | PairCorr |
| 0.75 | 1235 | Shin Tai Industry Split | PairCorr |
| 0.69 | 910322 | Tingyi Holding Corp | PairCorr |
| 0.67 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.62 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Jia Jie could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jia Jie when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jia Jie - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jia Jie Biomedical to buy it.
The correlation of Jia Jie is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jia Jie moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jia Jie Biomedical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Jia Jie can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Jia Stock Analysis
When running Jia Jie's price analysis, check to measure Jia Jie'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 Jia Jie is operating at the current time. Most of Jia Jie's value examination focuses on studying past and present price action to predict the probability of Jia Jie's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jia Jie's price. Additionally, you may evaluate how the addition of Jia Jie to your portfolios can decrease your overall portfolio volatility.