Johnson Health (Taiwan) Market Value
| 1736 Stock | TWD 193.00 2.50 1.31% |
| Symbol | Johnson |
Johnson Health '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 Johnson Health'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 Johnson Health.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Johnson Health on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Johnson Health Tech or generate 0.0% return on investment in Johnson Health over 30 days. Johnson Health is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. The company offers electric treadmills, indoor exercise bikesflywheels, elliptical training products, and weight trainin... More
Johnson Health 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 Johnson Health'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 Johnson Health Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.74 | |||
| Information Ratio | 0.1717 | |||
| Maximum Drawdown | 19.81 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 8.21 |
Johnson Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Johnson Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Johnson Health's standard deviation. In reality, there are many statistical measures that can use Johnson Health historical prices to predict the future Johnson Health's volatility.| Risk Adjusted Performance | 0.1562 | |||
| Jensen Alpha | 0.7615 | |||
| Total Risk Alpha | 0.1639 | |||
| Sortino Ratio | 0.1712 | |||
| Treynor Ratio | (11.95) |
Johnson Health Tech Backtested Returns
Johnson Health appears to be very steady, given 3 months investment horizon. Johnson Health Tech holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. By evaluating Johnson Health's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize Johnson Health's Downside Deviation of 3.74, risk adjusted performance of 0.1562, and Market Risk Adjusted Performance of (11.94) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Johnson Health holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of -0.0631, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Johnson Health are expected to decrease at a much lower rate. During the bear market, Johnson Health is likely to outperform the market. Please check Johnson Health's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Johnson Health's current trending patterns will revert.
Auto-correlation | 0.60 |
Good predictability
Johnson Health Tech has good predictability. Overlapping area represents the amount of predictability between Johnson Health time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Johnson Health Tech price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Johnson Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 270.31 |
Johnson Health Tech lagged returns against current returns
Autocorrelation, which is Johnson Health 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 Johnson Health's stock expected returns. We can calculate the autocorrelation of Johnson Health returns to help us make a trade decision. For example, suppose you find that Johnson Health 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 |
Johnson Health 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 Johnson Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Johnson Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Johnson Health stock over time.
Current vs Lagged Prices |
| Timeline |
Johnson Health Lagged Returns
When evaluating Johnson Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Johnson Health stock have on its future price. Johnson Health 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, Johnson Health autocorrelation shows the relationship between Johnson Health stock current value and its past values and can show if there is a momentum factor associated with investing in Johnson Health Tech.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Johnson Stock Analysis
When running Johnson Health's price analysis, check to measure Johnson Health'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 Johnson Health is operating at the current time. Most of Johnson Health's value examination focuses on studying past and present price action to predict the probability of Johnson Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Johnson Health's price. Additionally, you may evaluate how the addition of Johnson Health to your portfolios can decrease your overall portfolio volatility.