Taiyen Biotech (Taiwan) Market Value
| 1737 Stock | TWD 32.00 0.15 0.47% |
| Symbol | Taiyen |
Taiyen 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 Taiyen 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 Taiyen Biotech.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Taiyen Biotech on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Taiyen Biotech Co or generate 0.0% return on investment in Taiyen Biotech over 720 days. Taiyen Biotech is related to or competes with Taisun Enterprise, De Licacy, Wisher Industrial, and Tainan Enterprises. Taiyen Biotech Co., Ltd. provides various health and beauty products under the TAIYEN brand Hong Kong, Taiwan, Mainland ... More
Taiyen 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 Taiyen 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 Taiyen Biotech Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 2.1 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.4651 |
Taiyen Biotech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiyen Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiyen Biotech's standard deviation. In reality, there are many statistical measures that can use Taiyen Biotech historical prices to predict the future Taiyen Biotech's volatility.| Risk Adjusted Performance | (0.28) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 5.48 |
Taiyen Biotech Backtested Returns
Taiyen Biotech owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.31, which indicates the firm had a -0.31% return per unit of risk over the last 3 months. Taiyen Biotech Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiyen Biotech's Variance of 0.2177, risk adjusted performance of (0.28), and Coefficient Of Variation of (294.96) to confirm the risk estimate we provide. The entity has a beta of -0.0307, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Taiyen Biotech are expected to decrease at a much lower rate. During the bear market, Taiyen Biotech is likely to outperform the market. At this point, Taiyen Biotech has a negative expected return of -0.14%. Please make sure to validate Taiyen Biotech's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Taiyen Biotech performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Taiyen Biotech Co has poor reverse predictability. Overlapping area represents the amount of predictability between Taiyen Biotech time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd of December 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 Taiyen Biotech price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Taiyen Biotech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Taiyen Biotech lagged returns against current returns
Autocorrelation, which is Taiyen 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 Taiyen Biotech's stock expected returns. We can calculate the autocorrelation of Taiyen Biotech returns to help us make a trade decision. For example, suppose you find that Taiyen 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 |
Taiyen 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 Taiyen Biotech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiyen Biotech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiyen Biotech stock over time.
Current vs Lagged Prices |
| Timeline |
Taiyen Biotech Lagged Returns
When evaluating Taiyen Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiyen Biotech stock have on its future price. Taiyen 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, Taiyen Biotech autocorrelation shows the relationship between Taiyen Biotech stock current value and its past values and can show if there is a momentum factor associated with investing in Taiyen 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 Taiyen Stock Analysis
When running Taiyen Biotech's price analysis, check to measure Taiyen 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 Taiyen Biotech is operating at the current time. Most of Taiyen Biotech's value examination focuses on studying past and present price action to predict the probability of Taiyen 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 Taiyen Biotech's price. Additionally, you may evaluate how the addition of Taiyen Biotech to your portfolios can decrease your overall portfolio volatility.