TaiMed Biologics (Taiwan) Market Value
| 4147 Stock | TWD 83.60 0.30 0.36% |
| Symbol | TaiMed |
TaiMed Biologics '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 TaiMed Biologics' 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 TaiMed Biologics.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in TaiMed Biologics on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding TaiMed Biologics or generate 0.0% return on investment in TaiMed Biologics over 90 days. TaiMed Biologics is related to or competes with OBI Pharma, PharmaEngine, Medigen Biotechnology, and TTY Biopharm. TaiMed Biologics Inc., a biotechnology company, develops health-care products More
TaiMed Biologics 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 TaiMed Biologics' 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 TaiMed Biologics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.48 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.56 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.52 |
TaiMed Biologics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TaiMed Biologics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TaiMed Biologics' standard deviation. In reality, there are many statistical measures that can use TaiMed Biologics historical prices to predict the future TaiMed Biologics' volatility.| Risk Adjusted Performance | 0.0351 | |||
| Jensen Alpha | 0.0453 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.5205 |
TaiMed Biologics Backtested Returns
At this stage we consider TaiMed Stock to be very steady. TaiMed Biologics owns Efficiency Ratio (i.e., Sharpe Ratio) of 3.0E-4, which indicates the firm had a 3.0E-4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for TaiMed Biologics, which you can use to evaluate the volatility of the company. Please validate TaiMed Biologics' Semi Deviation of 1.33, coefficient of variation of 2608.35, and Risk Adjusted Performance of 0.0351 to confirm if the risk estimate we provide is consistent with the expected return of 6.0E-4%. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TaiMed Biologics' returns are expected to increase less than the market. However, during the bear market, the loss of holding TaiMed Biologics is expected to be smaller as well. TaiMed Biologics right now has a risk of 1.8%. Please validate TaiMed Biologics mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if TaiMed Biologics will be following its existing price patterns.
Auto-correlation | -0.51 |
Good reverse predictability
TaiMed Biologics has good reverse predictability. Overlapping area represents the amount of predictability between TaiMed Biologics time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 TaiMed Biologics price movement. The serial correlation of -0.51 indicates that about 51.0% of current TaiMed Biologics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 8.57 |
TaiMed Biologics lagged returns against current returns
Autocorrelation, which is TaiMed Biologics 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 TaiMed Biologics' stock expected returns. We can calculate the autocorrelation of TaiMed Biologics returns to help us make a trade decision. For example, suppose you find that TaiMed Biologics 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 |
TaiMed Biologics 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 TaiMed Biologics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TaiMed Biologics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TaiMed Biologics stock over time.
Current vs Lagged Prices |
| Timeline |
TaiMed Biologics Lagged Returns
When evaluating TaiMed Biologics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TaiMed Biologics stock have on its future price. TaiMed Biologics 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, TaiMed Biologics autocorrelation shows the relationship between TaiMed Biologics stock current value and its past values and can show if there is a momentum factor associated with investing in TaiMed Biologics.
Regressed Prices |
| Timeline |
Pair Trading with TaiMed Biologics
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 TaiMed Biologics 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 TaiMed Biologics will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to TaiMed Biologics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TaiMed Biologics 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 TaiMed Biologics - 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 TaiMed Biologics to buy it.
The correlation of TaiMed Biologics 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 TaiMed Biologics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TaiMed Biologics 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 TaiMed Biologics 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 TaiMed Stock Analysis
When running TaiMed Biologics' price analysis, check to measure TaiMed Biologics' 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 TaiMed Biologics is operating at the current time. Most of TaiMed Biologics' value examination focuses on studying past and present price action to predict the probability of TaiMed Biologics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TaiMed Biologics' price. Additionally, you may evaluate how the addition of TaiMed Biologics to your portfolios can decrease your overall portfolio volatility.