Abnova Taiwan (Taiwan) Market Value
| 4133 Stock | TWD 29.10 0.05 0.17% |
| Symbol | Abnova |
Abnova Taiwan '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 Abnova Taiwan'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 Abnova Taiwan.
| 09/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Abnova Taiwan on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding Abnova Taiwan Corp or generate 0.0% return on investment in Abnova Taiwan over 420 days. Abnova Taiwan is related to or competes with Sinphar Pharmaceutical, Wellell, Phytohealth Corp, YungShin Global, and Excelsior Medical. Abnova Corporation manufactures and sells various recombinant proteins and antibodies More
Abnova Taiwan 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 Abnova Taiwan'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 Abnova Taiwan Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 4.5 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.678 |
Abnova Taiwan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Abnova Taiwan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Abnova Taiwan's standard deviation. In reality, there are many statistical measures that can use Abnova Taiwan historical prices to predict the future Abnova Taiwan's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.38) |
Abnova Taiwan Corp Backtested Returns
Abnova Taiwan Corp secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Abnova Taiwan Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Abnova Taiwan's Standard Deviation of 0.6533, mean deviation of 0.4146, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Abnova Taiwan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Abnova Taiwan is expected to be smaller as well. At this point, Abnova Taiwan Corp has a negative expected return of -0.0879%. Please make sure to confirm Abnova Taiwan's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Abnova Taiwan Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.52 |
Modest predictability
Abnova Taiwan Corp has modest predictability. Overlapping area represents the amount of predictability between Abnova Taiwan time series from 30th of September 2023 to 27th of April 2024 and 27th of April 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 Abnova Taiwan Corp price movement. The serial correlation of 0.52 indicates that about 52.0% of current Abnova Taiwan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2.14 |
Abnova Taiwan Corp lagged returns against current returns
Autocorrelation, which is Abnova Taiwan 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 Abnova Taiwan's stock expected returns. We can calculate the autocorrelation of Abnova Taiwan returns to help us make a trade decision. For example, suppose you find that Abnova Taiwan 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 |
Abnova Taiwan 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 Abnova Taiwan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Abnova Taiwan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Abnova Taiwan stock over time.
Current vs Lagged Prices |
| Timeline |
Abnova Taiwan Lagged Returns
When evaluating Abnova Taiwan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Abnova Taiwan stock have on its future price. Abnova Taiwan 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, Abnova Taiwan autocorrelation shows the relationship between Abnova Taiwan stock current value and its past values and can show if there is a momentum factor associated with investing in Abnova Taiwan Corp.
Regressed Prices |
| Timeline |
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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 Abnova Stock Analysis
When running Abnova Taiwan's price analysis, check to measure Abnova Taiwan'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 Abnova Taiwan is operating at the current time. Most of Abnova Taiwan's value examination focuses on studying past and present price action to predict the probability of Abnova Taiwan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abnova Taiwan's price. Additionally, you may evaluate how the addition of Abnova Taiwan to your portfolios can decrease your overall portfolio volatility.