DV Biomed (Taiwan) Market Value
| 6539 Stock | TWD 66.80 0.20 0.30% |
| Symbol | 6539 |
DV Biomed '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 DV Biomed'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 DV Biomed.
| 09/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in DV Biomed on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding DV Biomed Co or generate 0.0% return on investment in DV Biomed over 450 days. DV Biomed is related to or competes with Ambassador Hotel, WINSON Machinery, Landis Taipei, Hung Sheng, FarGlory Hotel, and Ruentex Engineering. DV Biomed Co., Ltd. manufactures and sells medical-grade skin care products in Taiwan and internationally More
DV Biomed 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 DV Biomed'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 DV Biomed Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 8.02 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.43 |
DV Biomed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DV Biomed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DV Biomed's standard deviation. In reality, there are many statistical measures that can use DV Biomed historical prices to predict the future DV Biomed's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 0.1712 |
DV Biomed Backtested Returns
DV Biomed retains Efficiency (Sharpe Ratio) of -0.12, which denotes the company had a -0.12% return per unit of price deviation over the last 3 months. DV Biomed exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DV Biomed's Market Risk Adjusted Performance of 0.1812, standard deviation of 1.17, and Information Ratio of (0.17) to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of -0.44, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DV Biomed are expected to decrease at a much lower rate. During the bear market, DV Biomed is likely to outperform the market. At this point, DV Biomed has a negative expected return of -0.12%. Please make sure to confirm DV Biomed's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if DV Biomed performance from the past will be repeated sooner or later.
Auto-correlation | 0.45 |
Average predictability
DV Biomed Co has average predictability. Overlapping area represents the amount of predictability between DV Biomed time series from 4th of September 2023 to 16th of April 2024 and 16th of April 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 DV Biomed price movement. The serial correlation of 0.45 indicates that just about 45.0% of current DV Biomed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 956.0 |
DV Biomed lagged returns against current returns
Autocorrelation, which is DV Biomed 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 DV Biomed's stock expected returns. We can calculate the autocorrelation of DV Biomed returns to help us make a trade decision. For example, suppose you find that DV Biomed 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 |
DV Biomed 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 DV Biomed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DV Biomed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DV Biomed stock over time.
Current vs Lagged Prices |
| Timeline |
DV Biomed Lagged Returns
When evaluating DV Biomed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DV Biomed stock have on its future price. DV Biomed 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, DV Biomed autocorrelation shows the relationship between DV Biomed stock current value and its past values and can show if there is a momentum factor associated with investing in DV Biomed Co.
Regressed Prices |
| Timeline |
Pair Trading with DV Biomed
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 DV Biomed 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 DV Biomed will appreciate offsetting losses from the drop in the long position's value.Moving together with 6539 Stock
Moving against 6539 Stock
| 0.67 | 2881B | Fubon Financial Holding | PairCorr |
| 0.66 | 9904 | Pou Chen Corp | PairCorr |
| 0.6 | 2881A | Fubon Financial Holding | PairCorr |
| 0.55 | 2882B | Cathay Financial Holding | PairCorr |
| 0.54 | 0057 | Fubon MSCI Taiwan | PairCorr |
The ability to find closely correlated positions to DV Biomed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DV Biomed 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 DV Biomed - 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 DV Biomed Co to buy it.
The correlation of DV Biomed 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 DV Biomed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DV Biomed 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 DV Biomed 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 6539 Stock Analysis
When running DV Biomed's price analysis, check to measure DV Biomed'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 DV Biomed is operating at the current time. Most of DV Biomed's value examination focuses on studying past and present price action to predict the probability of DV Biomed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DV Biomed's price. Additionally, you may evaluate how the addition of DV Biomed to your portfolios can decrease your overall portfolio volatility.