Dynamic Medical (Taiwan) Market Value
| 4138 Stock | TWD 91.80 0.20 0.22% |
| Symbol | Dynamic |
Dynamic Medical '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 Dynamic Medical'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 Dynamic Medical.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Dynamic Medical on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Dynamic Medical Technologies or generate 0.0% return on investment in Dynamic Medical over 30 days. Dynamic Medical is related to or competes with Tung Ho, Standard Chemical, Iron Force, Hsin Kuang, Sheng Yu, Tang Eng, and Pan Asia. More
Dynamic Medical 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 Dynamic Medical'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 Dynamic Medical Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.81 | |||
| Value At Risk | (2.06) | |||
| Potential Upside | 1.39 |
Dynamic Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynamic Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynamic Medical's standard deviation. In reality, there are many statistical measures that can use Dynamic Medical historical prices to predict the future Dynamic Medical's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 1.32 |
Dynamic Medical Tech Backtested Returns
Dynamic Medical Tech secures Sharpe Ratio (or Efficiency) of -0.0504, which denotes the company had a -0.0504% return per unit of risk over the last 3 months. Dynamic Medical Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dynamic Medical's Variance of 2.12, mean deviation of 0.8131, and Standard Deviation of 1.46 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0595, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Dynamic Medical are expected to decrease at a much lower rate. During the bear market, Dynamic Medical is likely to outperform the market. At this point, Dynamic Medical Tech has a negative expected return of -0.0749%. Please make sure to confirm Dynamic Medical's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Dynamic Medical Tech performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Dynamic Medical Technologies has excellent reverse predictability. Overlapping area represents the amount of predictability between Dynamic Medical time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Dynamic Medical Tech price movement. The serial correlation of -0.82 indicates that around 82.0% of current Dynamic Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 10.15 |
Dynamic Medical Tech lagged returns against current returns
Autocorrelation, which is Dynamic Medical 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 Dynamic Medical's stock expected returns. We can calculate the autocorrelation of Dynamic Medical returns to help us make a trade decision. For example, suppose you find that Dynamic Medical 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 |
Dynamic Medical 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 Dynamic Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynamic Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dynamic Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Dynamic Medical Lagged Returns
When evaluating Dynamic Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynamic Medical stock have on its future price. Dynamic Medical 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, Dynamic Medical autocorrelation shows the relationship between Dynamic Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Dynamic Medical Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Dynamic Medical
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 Dynamic Medical 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 Dynamic Medical will appreciate offsetting losses from the drop in the long position's value.Moving against Dynamic Stock
| 0.54 | 3293 | International Games | PairCorr |
| 0.43 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.38 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.31 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Dynamic Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynamic Medical 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 Dynamic Medical - 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 Dynamic Medical Technologies to buy it.
The correlation of Dynamic Medical 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 Dynamic Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynamic Medical Tech 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 Dynamic Medical 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 Dynamic Stock Analysis
When running Dynamic Medical's price analysis, check to measure Dynamic Medical'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 Dynamic Medical is operating at the current time. Most of Dynamic Medical's value examination focuses on studying past and present price action to predict the probability of Dynamic Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynamic Medical's price. Additionally, you may evaluate how the addition of Dynamic Medical to your portfolios can decrease your overall portfolio volatility.