Excelsior Medical (Taiwan) Market Value
| 4104 Stock | TWD 87.80 0.70 0.80% |
| Symbol | Excelsior |
Excelsior Medical '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 Excelsior Medical'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 Excelsior Medical.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Excelsior Medical on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Excelsior Medical Co or generate 0.0% return on investment in Excelsior Medical over 30 days. Excelsior Medical is related to or competes with Wellell, YungShin Global, Abnova Taiwan, Phytohealth Corp, and CHC Healthcare. Excelsior Medical Co., Ltd. distributes medical related systems in Taiwan, China, Japan, Korea, Malaysia, and the Philip... More
Excelsior Medical 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 Excelsior Medical'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 Excelsior Medical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3276 | |||
| Information Ratio | 0.2025 | |||
| Maximum Drawdown | 1.87 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.8055 |
Excelsior Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Excelsior Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Excelsior Medical's standard deviation. In reality, there are many statistical measures that can use Excelsior Medical historical prices to predict the future Excelsior Medical's volatility.| Risk Adjusted Performance | 0.0372 | |||
| Jensen Alpha | 0.0131 | |||
| Total Risk Alpha | 0.0427 | |||
| Sortino Ratio | 0.2251 | |||
| Treynor Ratio | (5.30) |
Excelsior Medical Backtested Returns
At this stage we consider Excelsior Stock to be very steady. Excelsior Medical secures Sharpe Ratio (or Efficiency) of 0.0402, which denotes the company had a 0.0402 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Excelsior Medical Co, which you can use to evaluate the volatility of the firm. Please confirm Excelsior Medical's Downside Deviation of 0.3276, semi deviation of 0.2103, and Mean Deviation of 0.2644 to check if the risk estimate we provide is consistent with the expected return of 0.0153%. Excelsior Medical has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0025, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Excelsior Medical are expected to decrease at a much lower rate. During the bear market, Excelsior Medical is likely to outperform the market. Excelsior Medical right now shows a risk of 0.38%. Please confirm Excelsior Medical downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Excelsior Medical will be following its price patterns.
Auto-correlation | 0.71 |
Good predictability
Excelsior Medical Co has good predictability. Overlapping area represents the amount of predictability between Excelsior Medical time series from 2nd of February 2025 to 17th of February 2025 and 17th of February 2025 to 4th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Excelsior Medical price movement. The serial correlation of 0.71 indicates that around 71.0% of current Excelsior Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Excelsior Medical lagged returns against current returns
Autocorrelation, which is Excelsior Medical 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 Excelsior Medical's stock expected returns. We can calculate the autocorrelation of Excelsior Medical returns to help us make a trade decision. For example, suppose you find that Excelsior Medical 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 |
Excelsior Medical 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 Excelsior Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Excelsior Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Excelsior Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Excelsior Medical Lagged Returns
When evaluating Excelsior Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Excelsior Medical stock have on its future price. Excelsior Medical 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, Excelsior Medical autocorrelation shows the relationship between Excelsior Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Excelsior Medical 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 Excelsior Stock Analysis
When running Excelsior Medical's price analysis, check to measure Excelsior Medical'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 Excelsior Medical is operating at the current time. Most of Excelsior Medical's value examination focuses on studying past and present price action to predict the probability of Excelsior Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Excelsior Medical's price. Additionally, you may evaluate how the addition of Excelsior Medical to your portfolios can decrease your overall portfolio volatility.