Alar Pharmaceuticals (Taiwan) Market Value
| 6785 Stock | TWD 150.00 1.00 0.67% |
| Symbol | Alar |
Alar Pharmaceuticals '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 Alar Pharmaceuticals' 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 Alar Pharmaceuticals.
| 02/02/2025 |
| 03/04/2025 |
If you would invest 0.00 in Alar Pharmaceuticals on February 2, 2025 and sell it all today you would earn a total of 0.00 from holding Alar Pharmaceuticals or generate 0.0% return on investment in Alar Pharmaceuticals over 30 days. Alar Pharmaceuticals is related to or competes with Shan Loong, Shian Yih, Rafael Microelectronics, Kenda Rubber, Sporton International, Gloria Material, and Fulin Plastic. Alar Pharmaceuticals Inc. operates as a drug development company More
Alar Pharmaceuticals 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 Alar Pharmaceuticals' 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 Alar Pharmaceuticals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.0334 | |||
| Maximum Drawdown | 14.52 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 5.61 |
Alar Pharmaceuticals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alar Pharmaceuticals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alar Pharmaceuticals' standard deviation. In reality, there are many statistical measures that can use Alar Pharmaceuticals historical prices to predict the future Alar Pharmaceuticals' volatility.| Risk Adjusted Performance | 0.0186 | |||
| Jensen Alpha | 0.0373 | |||
| Total Risk Alpha | 0.2555 | |||
| Sortino Ratio | 0.041 | |||
| Treynor Ratio | 0.3544 |
Alar Pharmaceuticals Backtested Returns
At this stage we consider Alar Stock to be very steady. Alar Pharmaceuticals secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Alar Pharmaceuticals, which you can use to evaluate the volatility of the firm. Please confirm Alar Pharmaceuticals' risk adjusted performance of 0.0186, and Mean Deviation of 1.95 to double-check if the risk estimate we provide is consistent with the expected return of 0.0034%. The firm shows a Beta (market volatility) of 0.0899, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Alar Pharmaceuticals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Alar Pharmaceuticals is expected to be smaller as well. Alar Pharmaceuticals right now shows a risk of 2.86%. Please confirm Alar Pharmaceuticals mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Alar Pharmaceuticals will be following its price patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Alar Pharmaceuticals has very good reverse predictability. Overlapping area represents the amount of predictability between Alar Pharmaceuticals 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 Alar Pharmaceuticals price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Alar Pharmaceuticals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 6.9 |
Alar Pharmaceuticals lagged returns against current returns
Autocorrelation, which is Alar Pharmaceuticals 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 Alar Pharmaceuticals' stock expected returns. We can calculate the autocorrelation of Alar Pharmaceuticals returns to help us make a trade decision. For example, suppose you find that Alar Pharmaceuticals 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 |
Alar Pharmaceuticals 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 Alar Pharmaceuticals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alar Pharmaceuticals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alar Pharmaceuticals stock over time.
Current vs Lagged Prices |
| Timeline |
Alar Pharmaceuticals Lagged Returns
When evaluating Alar Pharmaceuticals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alar Pharmaceuticals stock have on its future price. Alar Pharmaceuticals 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, Alar Pharmaceuticals autocorrelation shows the relationship between Alar Pharmaceuticals stock current value and its past values and can show if there is a momentum factor associated with investing in Alar Pharmaceuticals.
Regressed Prices |
| Timeline |
Pair Trading with Alar Pharmaceuticals
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 Alar Pharmaceuticals 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 Alar Pharmaceuticals will appreciate offsetting losses from the drop in the long position's value.Moving together with Alar Stock
Moving against Alar Stock
| 0.53 | 6669 | Wiwynn Corp | PairCorr |
| 0.33 | 3008 | LARGAN Precision | PairCorr |
| 0.31 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.31 | 0053 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Alar Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alar Pharmaceuticals 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 Alar Pharmaceuticals - 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 Alar Pharmaceuticals to buy it.
The correlation of Alar Pharmaceuticals 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 Alar Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alar Pharmaceuticals 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 Alar Pharmaceuticals 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 Alar Stock Analysis
When running Alar Pharmaceuticals' price analysis, check to measure Alar Pharmaceuticals' 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 Alar Pharmaceuticals is operating at the current time. Most of Alar Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Alar Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alar Pharmaceuticals' price. Additionally, you may evaluate how the addition of Alar Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.