Microbio (Taiwan) Market Value
| 4128 Stock | TWD 38.95 0.95 2.50% |
| Symbol | Microbio |
Microbio '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 Microbio'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 Microbio.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Microbio on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Microbio Co or generate 0.0% return on investment in Microbio over 30 days. Microbio is related to or competes with Uni President, Lien Hwa, Great Wall, Standard Foods, TTET Union, Charoen Pokphand, and Lian Hwa. More
Microbio 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 Microbio'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 Microbio Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 13.1 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 2.76 |
Microbio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Microbio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Microbio's standard deviation. In reality, there are many statistical measures that can use Microbio historical prices to predict the future Microbio's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.98) |
Microbio Backtested Returns
Microbio has Sharpe Ratio of -0.0666, which conveys that the firm had a -0.0666% return per unit of risk over the last 3 months. Microbio exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Microbio's Risk Adjusted Performance of (0.04), mean deviation of 1.35, and Standard Deviation of 1.95 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Microbio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Microbio is expected to be smaller as well. At this point, Microbio has a negative expected return of -0.13%. Please make sure to verify Microbio's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Microbio performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Microbio Co has very weak predictability. Overlapping area represents the amount of predictability between Microbio time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Microbio price movement. The serial correlation of 0.18 indicates that over 18.0% of current Microbio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Microbio lagged returns against current returns
Autocorrelation, which is Microbio 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 Microbio's stock expected returns. We can calculate the autocorrelation of Microbio returns to help us make a trade decision. For example, suppose you find that Microbio 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 |
Microbio 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 Microbio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Microbio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Microbio stock over time.
Current vs Lagged Prices |
| Timeline |
Microbio Lagged Returns
When evaluating Microbio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Microbio stock have on its future price. Microbio 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, Microbio autocorrelation shows the relationship between Microbio stock current value and its past values and can show if there is a momentum factor associated with investing in Microbio Co.
Regressed Prices |
| Timeline |
Pair Trading with Microbio
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 Microbio 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 Microbio will appreciate offsetting losses from the drop in the long position's value.Moving together with Microbio Stock
Moving against Microbio Stock
| 0.74 | 1231 | Lian Hwa Foods | PairCorr |
| 0.66 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.65 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.57 | 1235 | Shin Tai Industry Split | PairCorr |
| 0.55 | 0053 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Microbio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microbio 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 Microbio - 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 Microbio Co to buy it.
The correlation of Microbio 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 Microbio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microbio 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 Microbio 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 Microbio Stock Analysis
When running Microbio's price analysis, check to measure Microbio'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 Microbio is operating at the current time. Most of Microbio's value examination focuses on studying past and present price action to predict the probability of Microbio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Microbio's price. Additionally, you may evaluate how the addition of Microbio to your portfolios can decrease your overall portfolio volatility.