Energenesis Biomedical (Taiwan) Market Value
| 6657 Stock | 54.80 4.20 7.12% |
| Symbol | Energenesis |
Energenesis Biomedical '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 Energenesis Biomedical'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 Energenesis Biomedical.
| 07/18/2023 |
| 12/09/2024 |
If you would invest 0.00 in Energenesis Biomedical on July 18, 2023 and sell it all today you would earn a total of 0.00 from holding Energenesis Biomedical Co or generate 0.0% return on investment in Energenesis Biomedical over 510 days.
Energenesis Biomedical 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 Energenesis Biomedical'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 Energenesis Biomedical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 7.92 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 3.34 |
Energenesis Biomedical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energenesis Biomedical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energenesis Biomedical's standard deviation. In reality, there are many statistical measures that can use Energenesis Biomedical historical prices to predict the future Energenesis Biomedical's volatility.| Risk Adjusted Performance | 0.0657 | |||
| Jensen Alpha | 0.0821 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.3641 |
Energenesis Biomedical Backtested Returns
At this stage we consider Energenesis Stock to be very steady. Energenesis Biomedical secures Sharpe Ratio (or Efficiency) of 0.0768, which denotes the company had a 0.0768% return per unit of risk over the last 3 months. We have found thirty technical indicators for Energenesis Biomedical Co, which you can use to evaluate the volatility of the firm. Please confirm Energenesis Biomedical's Downside Deviation of 1.59, mean deviation of 1.05, and Coefficient Of Variation of 1233.98 to check if the risk estimate we provide is consistent with the expected return of 0.13%. Energenesis Biomedical has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.35, which means possible diversification benefits within a given portfolio. As returns on the market increase, Energenesis Biomedical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Energenesis Biomedical is expected to be smaller as well. Energenesis Biomedical right now shows a risk of 1.71%. Please confirm Energenesis Biomedical market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Energenesis Biomedical will be following its price patterns.
Auto-correlation | 0.54 |
Modest predictability
Energenesis Biomedical Co has modest predictability. Overlapping area represents the amount of predictability between Energenesis Biomedical time series from 18th of July 2023 to 29th of March 2024 and 29th of March 2024 to 9th 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 Energenesis Biomedical price movement. The serial correlation of 0.54 indicates that about 54.0% of current Energenesis Biomedical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 6.8 |
Energenesis Biomedical lagged returns against current returns
Autocorrelation, which is Energenesis Biomedical 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 Energenesis Biomedical's stock expected returns. We can calculate the autocorrelation of Energenesis Biomedical returns to help us make a trade decision. For example, suppose you find that Energenesis Biomedical 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 |
Energenesis Biomedical 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 Energenesis Biomedical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energenesis Biomedical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energenesis Biomedical stock over time.
Current vs Lagged Prices |
| Timeline |
Energenesis Biomedical Lagged Returns
When evaluating Energenesis Biomedical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energenesis Biomedical stock have on its future price. Energenesis Biomedical 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, Energenesis Biomedical autocorrelation shows the relationship between Energenesis Biomedical stock current value and its past values and can show if there is a momentum factor associated with investing in Energenesis Biomedical 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 Energenesis Stock Analysis
When running Energenesis Biomedical's price analysis, check to measure Energenesis Biomedical'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 Energenesis Biomedical is operating at the current time. Most of Energenesis Biomedical's value examination focuses on studying past and present price action to predict the probability of Energenesis Biomedical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energenesis Biomedical's price. Additionally, you may evaluate how the addition of Energenesis Biomedical to your portfolios can decrease your overall portfolio volatility.