Ok Biotech (Taiwan) Market Value
| 4155 Stock | 22.30 0.10 0.45% |
| Symbol | 4155 |
Ok Biotech '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 Ok Biotech'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 Ok Biotech.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Ok Biotech on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Ok Biotech Co or generate 0.0% return on investment in Ok Biotech over 180 days. Ok Biotech is related to or competes with Universal Vision, Excelsior Medical, Delta Asia, Hi Clearance, Pacific Hospital, Brighten Optix, and Medtecs International. More
Ok Biotech 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 Ok Biotech'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 Ok Biotech Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.54 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.42 |
Ok Biotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ok Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ok Biotech's standard deviation. In reality, there are many statistical measures that can use Ok Biotech historical prices to predict the future Ok Biotech's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.50) |
Ok Biotech Backtested Returns
Ok Biotech retains Efficiency (Sharpe Ratio) of -0.16, which implies the firm had a -0.16% return per unit of price deviation over the last 3 months. Ok Biotech exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ok Biotech's market risk adjusted performance of (0.49), and Information Ratio of (0.17) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ok Biotech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ok Biotech is expected to be smaller as well. At this point, Ok Biotech has a negative expected return of -0.19%. Please make sure to check Ok Biotech's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Ok Biotech performance from the past will be repeated in the future.
Auto-correlation | 0.55 |
Modest predictability
Ok Biotech Co has modest predictability. Overlapping area represents the amount of predictability between Ok Biotech time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Ok Biotech price movement. The serial correlation of 0.55 indicates that about 55.0% of current Ok Biotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
Ok Biotech lagged returns against current returns
Autocorrelation, which is Ok Biotech 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 Ok Biotech's stock expected returns. We can calculate the autocorrelation of Ok Biotech returns to help us make a trade decision. For example, suppose you find that Ok Biotech 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 |
Ok Biotech 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 Ok Biotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ok Biotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ok Biotech stock over time.
Current vs Lagged Prices |
| Timeline |
Ok Biotech Lagged Returns
When evaluating Ok Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ok Biotech stock have on its future price. Ok Biotech 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, Ok Biotech autocorrelation shows the relationship between Ok Biotech stock current value and its past values and can show if there is a momentum factor associated with investing in Ok Biotech Co.
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 4155 Stock Analysis
When running Ok Biotech's price analysis, check to measure Ok Biotech'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 Ok Biotech is operating at the current time. Most of Ok Biotech's value examination focuses on studying past and present price action to predict the probability of Ok Biotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ok Biotech's price. Additionally, you may evaluate how the addition of Ok Biotech to your portfolios can decrease your overall portfolio volatility.