TR Biofab (Korea) Market Value
| 246710 Stock | KRW 5,240 130.00 2.42% |
| Symbol | 246710 |
TR Biofab '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 TR Biofab'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 TR Biofab.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in TR Biofab on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding TR Biofab Co or generate 0.0% return on investment in TR Biofab over 720 days. TR Biofab is related to or competes with Dongwon Metal, SK Chemicals, Polaris Office, Shinhan Inverse, Nice Information, Kbi Metal, and Daejung Chemicals. TR Biofab Co., Ltd. researches and develops medical devices for transplantation and tissue regeneration in the areas of ... More
TR Biofab 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 TR Biofab'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 TR Biofab Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 16.24 | |||
| Value At Risk | (5.23) | |||
| Potential Upside | 5.92 |
TR Biofab Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TR Biofab's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TR Biofab's standard deviation. In reality, there are many statistical measures that can use TR Biofab historical prices to predict the future TR Biofab's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | (2.49) |
TR Biofab Backtested Returns
TR Biofab retains Efficiency (Sharpe Ratio) of -0.0536, which indicates the firm had a -0.0536% return per unit of price deviation over the last 3 months. TR Biofab exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TR Biofab's Risk Adjusted Performance of (0.06), mean deviation of 2.33, and Standard Deviation of 3.2 to confirm the risk estimate we provide. The entity owns a Beta (Systematic Risk) of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TR Biofab's returns are expected to increase less than the market. However, during the bear market, the loss of holding TR Biofab is expected to be smaller as well. At this point, TR Biofab has a negative expected return of -0.17%. Please make sure to validate TR Biofab's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if TR Biofab performance from the past will be repeated at some future date.
Auto-correlation | 0.48 |
Average predictability
TR Biofab Co has average predictability. Overlapping area represents the amount of predictability between TR Biofab time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 TR Biofab price movement. The serial correlation of 0.48 indicates that about 48.0% of current TR Biofab price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 M |
TR Biofab lagged returns against current returns
Autocorrelation, which is TR Biofab 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 TR Biofab's stock expected returns. We can calculate the autocorrelation of TR Biofab returns to help us make a trade decision. For example, suppose you find that TR Biofab 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 |
TR Biofab 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 TR Biofab stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TR Biofab stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TR Biofab stock over time.
Current vs Lagged Prices |
| Timeline |
TR Biofab Lagged Returns
When evaluating TR Biofab's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TR Biofab stock have on its future price. TR Biofab 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, TR Biofab autocorrelation shows the relationship between TR Biofab stock current value and its past values and can show if there is a momentum factor associated with investing in TR Biofab Co.
Regressed Prices |
| Timeline |
Pair Trading with TR Biofab
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 TR Biofab 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 TR Biofab will appreciate offsetting losses from the drop in the long position's value.Moving together with 246710 Stock
Moving against 246710 Stock
The ability to find closely correlated positions to TR Biofab could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TR Biofab 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 TR Biofab - 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 TR Biofab Co to buy it.
The correlation of TR Biofab 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 TR Biofab moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TR Biofab 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 TR Biofab 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.Other Information on Investing in 246710 Stock
TR Biofab financial ratios help investors to determine whether 246710 Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 246710 with respect to the benefits of owning TR Biofab security.