Orient Pharma (Taiwan) Market Value
| 4166 Stock | TWD 37.00 0.05 0.14% |
| Symbol | Orient |
Orient Pharma '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 Orient Pharma'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 Orient Pharma.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Orient Pharma on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Orient Pharma Co or generate 0.0% return on investment in Orient Pharma over 720 days. Orient Pharma is related to or competes with Fu Burg, I Jang, Hunya Foods, Yi Jinn, International CSRC, Sunspring Metal, and Tehmag Foods. Orient Pharma Co., Ltd. researches, develops, manufactures, and sells drugs in Taiwan and internationally More
Orient Pharma 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 Orient Pharma'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 Orient Pharma Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.19 | |||
| Information Ratio | 0.1331 | |||
| Maximum Drawdown | 31.12 | |||
| Value At Risk | (5.03) | |||
| Potential Upside | 8.81 |
Orient Pharma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Orient Pharma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Orient Pharma's standard deviation. In reality, there are many statistical measures that can use Orient Pharma historical prices to predict the future Orient Pharma's volatility.| Risk Adjusted Performance | 0.1192 | |||
| Jensen Alpha | 0.6828 | |||
| Total Risk Alpha | 0.5041 | |||
| Sortino Ratio | 0.1177 | |||
| Treynor Ratio | (0.28) |
Orient Pharma Backtested Returns
Orient Pharma appears to be not too volatile, given 3 months investment horizon. Orient Pharma maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Orient Pharma's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please evaluate Orient Pharma's Coefficient Of Variation of 713.88, risk adjusted performance of 0.1192, and Semi Deviation of 3.8 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Orient Pharma holds a performance score of 11. The company holds a Beta of -2.27, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Orient Pharma are expected to decrease by larger amounts. On the other hand, during market turmoil, Orient Pharma is expected to outperform it. Please check Orient Pharma's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Orient Pharma's historical price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Orient Pharma Co has modest reverse predictability. Overlapping area represents the amount of predictability between Orient Pharma time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 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 Orient Pharma price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Orient Pharma price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 29.95 |
Orient Pharma lagged returns against current returns
Autocorrelation, which is Orient Pharma 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 Orient Pharma's stock expected returns. We can calculate the autocorrelation of Orient Pharma returns to help us make a trade decision. For example, suppose you find that Orient Pharma 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 |
Orient Pharma 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 Orient Pharma stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Orient Pharma stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Orient Pharma stock over time.
Current vs Lagged Prices |
| Timeline |
Orient Pharma Lagged Returns
When evaluating Orient Pharma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Orient Pharma stock have on its future price. Orient Pharma 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, Orient Pharma autocorrelation shows the relationship between Orient Pharma stock current value and its past values and can show if there is a momentum factor associated with investing in Orient Pharma Co.
Regressed Prices |
| Timeline |
Pair Trading with Orient Pharma
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 Orient Pharma 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 Orient Pharma will appreciate offsetting losses from the drop in the long position's value.Moving against Orient Stock
| 0.89 | 4102 | Yung Zip Chemical | PairCorr |
| 0.85 | 2884 | ESUN Financial Holding | PairCorr |
| 0.77 | 4108 | Phytohealth Corp | PairCorr |
The ability to find closely correlated positions to Orient Pharma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orient Pharma 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 Orient Pharma - 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 Orient Pharma Co to buy it.
The correlation of Orient Pharma 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 Orient Pharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orient Pharma 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 Orient Pharma 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 Orient Stock Analysis
When running Orient Pharma's price analysis, check to measure Orient Pharma'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 Orient Pharma is operating at the current time. Most of Orient Pharma's value examination focuses on studying past and present price action to predict the probability of Orient Pharma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orient Pharma's price. Additionally, you may evaluate how the addition of Orient Pharma to your portfolios can decrease your overall portfolio volatility.