DRWu Skincare (Taiwan) Market Value
| 6523 Stock | 149.50 1.50 0.99% |
| Symbol | DRWu |
DRWu Skincare '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 DRWu Skincare'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 DRWu Skincare.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in DRWu Skincare on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding DRWu Skincare Co or generate 0.0% return on investment in DRWu Skincare over 30 days. DRWu Skincare is related to or competes with Chlitina Holding, Taiyen Biotech, Nan Liu, Jourdeness, Luo Lih, and Farcent Enterprise. More
DRWu Skincare 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 DRWu Skincare'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 DRWu Skincare Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.0436 | |||
| Maximum Drawdown | 9.31 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.37 |
DRWu Skincare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DRWu Skincare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DRWu Skincare's standard deviation. In reality, there are many statistical measures that can use DRWu Skincare historical prices to predict the future DRWu Skincare's volatility.| Risk Adjusted Performance | 0.0588 | |||
| Jensen Alpha | 0.0659 | |||
| Total Risk Alpha | 0.0415 | |||
| Sortino Ratio | 0.0519 | |||
| Treynor Ratio | 0.1651 |
DRWu Skincare Backtested Returns
At this stage we consider DRWu Stock to be very steady. DRWu Skincare secures Sharpe Ratio (or Efficiency) of 0.0544, which denotes the company had a 0.0544% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for DRWu Skincare Co, which you can use to evaluate the volatility of the firm. Please confirm DRWu Skincare's Mean Deviation of 0.7912, market risk adjusted performance of 0.1751, and Downside Deviation of 1.04 to check if the risk estimate we provide is consistent with the expected return of 0.0678%. DRWu Skincare has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, DRWu Skincare's returns are expected to increase less than the market. However, during the bear market, the loss of holding DRWu Skincare is expected to be smaller as well. DRWu Skincare currently shows a risk of 1.25%. Please confirm DRWu Skincare sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if DRWu Skincare will be following its price patterns.
Auto-correlation | 0.44 |
Average predictability
DRWu Skincare Co has average predictability. Overlapping area represents the amount of predictability between DRWu Skincare time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 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 DRWu Skincare price movement. The serial correlation of 0.44 indicates that just about 44.0% of current DRWu Skincare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 1.67 |
DRWu Skincare lagged returns against current returns
Autocorrelation, which is DRWu Skincare 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 DRWu Skincare's stock expected returns. We can calculate the autocorrelation of DRWu Skincare returns to help us make a trade decision. For example, suppose you find that DRWu Skincare 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 |
DRWu Skincare 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 DRWu Skincare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DRWu Skincare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DRWu Skincare stock over time.
Current vs Lagged Prices |
| Timeline |
DRWu Skincare Lagged Returns
When evaluating DRWu Skincare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DRWu Skincare stock have on its future price. DRWu Skincare 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, DRWu Skincare autocorrelation shows the relationship between DRWu Skincare stock current value and its past values and can show if there is a momentum factor associated with investing in DRWu Skincare Co.
Regressed Prices |
| Timeline |
Pair Trading with DRWu Skincare
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 DRWu Skincare 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 DRWu Skincare will appreciate offsetting losses from the drop in the long position's value.Moving against DRWu Stock
| 0.69 | 4137 | Chlitina Holding | PairCorr |
| 0.67 | 1737 | Taiyen Biotech | PairCorr |
| 0.61 | 8436 | TCI Co | PairCorr |
| 0.57 | 6666 | Luo Lih Fen | PairCorr |
| 0.53 | 9919 | KNH Enterprise | PairCorr |
The ability to find closely correlated positions to DRWu Skincare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DRWu Skincare 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 DRWu Skincare - 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 DRWu Skincare Co to buy it.
The correlation of DRWu Skincare 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 DRWu Skincare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DRWu Skincare 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 DRWu Skincare 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 DRWu Stock Analysis
When running DRWu Skincare's price analysis, check to measure DRWu Skincare'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 DRWu Skincare is operating at the current time. Most of DRWu Skincare's value examination focuses on studying past and present price action to predict the probability of DRWu Skincare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DRWu Skincare's price. Additionally, you may evaluate how the addition of DRWu Skincare to your portfolios can decrease your overall portfolio volatility.