Adimmune Corp (Taiwan) Market Value
| 4142 Stock | TWD 21.20 0.10 0.47% |
| Symbol | Adimmune |
Adimmune Corp '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 Adimmune Corp'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 Adimmune Corp.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Adimmune Corp on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Adimmune Corp or generate 0.0% return on investment in Adimmune Corp over 720 days. Adimmune Corp is related to or competes with Sinphar Pharmaceutical, Apex Biotechnology, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Adimmune Corporation manufactures and sells human vaccines in Taiwan More
Adimmune Corp 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 Adimmune Corp'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 Adimmune Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 5.67 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 1.22 |
Adimmune Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adimmune Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adimmune Corp's standard deviation. In reality, there are many statistical measures that can use Adimmune Corp historical prices to predict the future Adimmune Corp's volatility.| Risk Adjusted Performance | (0.31) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 10.29 |
Adimmune Corp Backtested Returns
Adimmune Corp secures Sharpe Ratio (or Efficiency) of -0.41, which signifies that the company had a -0.41% return per unit of risk over the last 3 months. Adimmune Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Adimmune Corp's Standard Deviation of 1.16, risk adjusted performance of (0.31), and Mean Deviation of 0.8507 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0471, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Adimmune Corp are expected to decrease at a much lower rate. During the bear market, Adimmune Corp is likely to outperform the market. At this point, Adimmune Corp has a negative expected return of -0.47%. Please make sure to confirm Adimmune Corp's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Adimmune Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Adimmune Corp has poor predictability. Overlapping area represents the amount of predictability between Adimmune Corp time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Adimmune Corp price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Adimmune Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 6.62 |
Adimmune Corp lagged returns against current returns
Autocorrelation, which is Adimmune Corp 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 Adimmune Corp's stock expected returns. We can calculate the autocorrelation of Adimmune Corp returns to help us make a trade decision. For example, suppose you find that Adimmune Corp 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 |
Adimmune Corp 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 Adimmune Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adimmune Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adimmune Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Adimmune Corp Lagged Returns
When evaluating Adimmune Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adimmune Corp stock have on its future price. Adimmune Corp 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, Adimmune Corp autocorrelation shows the relationship between Adimmune Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Adimmune Corp.
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 Adimmune Stock Analysis
When running Adimmune Corp's price analysis, check to measure Adimmune Corp'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 Adimmune Corp is operating at the current time. Most of Adimmune Corp's value examination focuses on studying past and present price action to predict the probability of Adimmune Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adimmune Corp's price. Additionally, you may evaluate how the addition of Adimmune Corp to your portfolios can decrease your overall portfolio volatility.