PharmaEngine (Taiwan) Market Value
| 4162 Stock | TWD 105.00 1.50 1.45% |
| Symbol | PharmaEngine |
PharmaEngine '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 PharmaEngine'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 PharmaEngine.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in PharmaEngine on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding PharmaEngine or generate 0.0% return on investment in PharmaEngine over 90 days. PharmaEngine is related to or competes with TaiMed Biologics, OBI Pharma, TTY Biopharm, and Medigen Biotechnology. More
PharmaEngine 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 PharmaEngine'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 PharmaEngine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | 0.1626 | |||
| Maximum Drawdown | 17.73 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 5.02 |
PharmaEngine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PharmaEngine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PharmaEngine's standard deviation. In reality, there are many statistical measures that can use PharmaEngine historical prices to predict the future PharmaEngine's volatility.| Risk Adjusted Performance | 0.12 | |||
| Jensen Alpha | 0.3524 | |||
| Total Risk Alpha | 0.755 | |||
| Sortino Ratio | 0.1403 | |||
| Treynor Ratio | (1.55) |
PharmaEngine Backtested Returns
PharmaEngine appears to be very steady, given 3 months investment horizon. PharmaEngine maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for PharmaEngine, which you can use to evaluate the volatility of the company. Please evaluate PharmaEngine's Semi Deviation of 2.85, risk adjusted performance of 0.12, and Coefficient Of Variation of 771.35 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PharmaEngine holds a performance score of 10. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PharmaEngine are expected to decrease at a much lower rate. During the bear market, PharmaEngine is likely to outperform the market. Please check PharmaEngine's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether PharmaEngine's historical price patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
PharmaEngine has very weak reverse predictability. Overlapping area represents the amount of predictability between PharmaEngine time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 PharmaEngine price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current PharmaEngine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 21.76 |
PharmaEngine lagged returns against current returns
Autocorrelation, which is PharmaEngine 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 PharmaEngine's stock expected returns. We can calculate the autocorrelation of PharmaEngine returns to help us make a trade decision. For example, suppose you find that PharmaEngine 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 |
PharmaEngine 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 PharmaEngine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PharmaEngine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PharmaEngine stock over time.
Current vs Lagged Prices |
| Timeline |
PharmaEngine Lagged Returns
When evaluating PharmaEngine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PharmaEngine stock have on its future price. PharmaEngine 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, PharmaEngine autocorrelation shows the relationship between PharmaEngine stock current value and its past values and can show if there is a momentum factor associated with investing in PharmaEngine.
Regressed Prices |
| Timeline |
Pair Trading with PharmaEngine
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 PharmaEngine 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 PharmaEngine will appreciate offsetting losses from the drop in the long position's value.Moving together with PharmaEngine Stock
| 0.68 | 6547 | Medigen Vaccine Biologics | PairCorr |
| 0.67 | 4174 | OBI Pharma | PairCorr |
| 0.78 | 4147 | TaiMed Biologics | PairCorr |
Moving against PharmaEngine Stock
| 0.62 | 2308 | Delta Electronics | PairCorr |
| 0.36 | 2317 | Hon Hai Precision | PairCorr |
| 0.31 | 4743 | Oneness Biotech | PairCorr |
The ability to find closely correlated positions to PharmaEngine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PharmaEngine 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 PharmaEngine - 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 PharmaEngine to buy it.
The correlation of PharmaEngine 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 PharmaEngine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PharmaEngine 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 PharmaEngine 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 PharmaEngine Stock Analysis
When running PharmaEngine's price analysis, check to measure PharmaEngine'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 PharmaEngine is operating at the current time. Most of PharmaEngine's value examination focuses on studying past and present price action to predict the probability of PharmaEngine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PharmaEngine's price. Additionally, you may evaluate how the addition of PharmaEngine to your portfolios can decrease your overall portfolio volatility.