Ever Supreme (Taiwan) Market Value
| 6712 Stock | TWD 177.00 0.50 0.28% |
| Symbol | Ever |
Ever Supreme '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 Ever Supreme'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 Ever Supreme.
| 09/29/2024 |
| 12/28/2024 |
If you would invest 0.00 in Ever Supreme on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ever Supreme Bio or generate 0.0% return on investment in Ever Supreme over 90 days. Ever Supreme is related to or competes with EirGenix, TaiMed Biologics, Adimmune Corp, and . Ever Supreme Bio Technology Co., Ltd engages in the research and development of cell gene therapies based on immune cell... More
Ever Supreme 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 Ever Supreme'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 Ever Supreme Bio upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.15 |
Ever Supreme Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ever Supreme's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ever Supreme's standard deviation. In reality, there are many statistical measures that can use Ever Supreme historical prices to predict the future Ever Supreme's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (1.19) |
Ever Supreme Bio Backtested Returns
Ever Supreme Bio secures Sharpe Ratio (or Efficiency) of -0.0958, which denotes the company had a -0.0958% return per unit of risk over the last 3 months. Ever Supreme Bio exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ever Supreme's Mean Deviation of 0.5387, standard deviation of 0.7804, and Variance of 0.609 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0518, which means not very significant fluctuations relative to the market. As returns on the market increase, Ever Supreme's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ever Supreme is expected to be smaller as well. At this point, Ever Supreme Bio has a negative expected return of -0.0734%. Please make sure to confirm Ever Supreme's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Ever Supreme Bio performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Ever Supreme Bio has very weak reverse predictability. Overlapping area represents the amount of predictability between Ever Supreme time series from 29th of September 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Ever Supreme Bio price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Ever Supreme price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 4.74 |
Ever Supreme Bio lagged returns against current returns
Autocorrelation, which is Ever Supreme 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 Ever Supreme's stock expected returns. We can calculate the autocorrelation of Ever Supreme returns to help us make a trade decision. For example, suppose you find that Ever Supreme 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 |
Ever Supreme 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 Ever Supreme stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ever Supreme stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ever Supreme stock over time.
Current vs Lagged Prices |
| Timeline |
Ever Supreme Lagged Returns
When evaluating Ever Supreme's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ever Supreme stock have on its future price. Ever Supreme 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, Ever Supreme autocorrelation shows the relationship between Ever Supreme stock current value and its past values and can show if there is a momentum factor associated with investing in Ever Supreme Bio.
Regressed Prices |
| Timeline |
Pair Trading with Ever Supreme
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 Ever Supreme 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 Ever Supreme will appreciate offsetting losses from the drop in the long position's value.Moving together with Ever Stock
| 0.9 | 4743 | Oneness Biotech | PairCorr |
| 0.91 | 6547 | Medigen Vaccine Biologics | PairCorr |
| 0.82 | 4174 | OBI Pharma | PairCorr |
Moving against Ever Stock
| 0.81 | 2881A | Fubon Financial Holding | PairCorr |
| 0.81 | 2891 | CTBC Financial Holding | PairCorr |
| 0.79 | 2345 | Accton Technology Corp | PairCorr |
| 0.78 | 2618 | Eva Airways Corp | PairCorr |
| 0.76 | 8284 | Mitake Information | PairCorr |
The ability to find closely correlated positions to Ever Supreme could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ever Supreme 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 Ever Supreme - 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 Ever Supreme Bio to buy it.
The correlation of Ever Supreme 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 Ever Supreme moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ever Supreme Bio 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 Ever Supreme 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 Ever Stock Analysis
When running Ever Supreme's price analysis, check to measure Ever Supreme'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 Ever Supreme is operating at the current time. Most of Ever Supreme's value examination focuses on studying past and present price action to predict the probability of Ever Supreme's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ever Supreme's price. Additionally, you may evaluate how the addition of Ever Supreme to your portfolios can decrease your overall portfolio volatility.