Tsh Biopharmoration (Taiwan) Market Value
| 8432 Stock | TWD 57.30 0.20 0.35% |
| Symbol | Tsh |
Tsh Biopharmoration '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 Tsh Biopharmoration'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 Tsh Biopharmoration.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Tsh Biopharmoration on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding tsh biopharmoration or generate 0.0% return on investment in Tsh Biopharmoration over 90 days. Tsh Biopharmoration is related to or competes with Mega Financial, Lian Hwa, Shin Kong, Pontex Polyblend, Central Reinsurance, ESUN Financial, and An Shin. TSH Biopharm Corporation Limited develops, manufactures, and markets drugs for various chronic diseases in Taiwan and Ch... More
Tsh Biopharmoration 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 Tsh Biopharmoration'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 tsh biopharmoration upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.63 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 1.75 |
Tsh Biopharmoration Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tsh Biopharmoration's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tsh Biopharmoration's standard deviation. In reality, there are many statistical measures that can use Tsh Biopharmoration historical prices to predict the future Tsh Biopharmoration's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | 0.0491 | |||
| Treynor Ratio | 1.36 |
tsh biopharmoration Backtested Returns
tsh biopharmoration owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.12, which indicates the firm had a -0.12 % return per unit of risk over the last 3 months. tsh biopharmoration exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tsh Biopharmoration's Variance of 1.38, risk adjusted performance of (0.1), and Coefficient Of Variation of (846.42) to confirm the risk estimate we provide. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tsh Biopharmoration are expected to decrease at a much lower rate. During the bear market, Tsh Biopharmoration is likely to outperform the market. At this point, tsh biopharmoration has a negative expected return of -0.13%. Please make sure to validate Tsh Biopharmoration's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if tsh biopharmoration performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
tsh biopharmoration has modest predictability. Overlapping area represents the amount of predictability between Tsh Biopharmoration time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 tsh biopharmoration price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Tsh Biopharmoration price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 1.37 |
tsh biopharmoration lagged returns against current returns
Autocorrelation, which is Tsh Biopharmoration 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 Tsh Biopharmoration's stock expected returns. We can calculate the autocorrelation of Tsh Biopharmoration returns to help us make a trade decision. For example, suppose you find that Tsh Biopharmoration 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 |
Tsh Biopharmoration 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 Tsh Biopharmoration stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tsh Biopharmoration stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tsh Biopharmoration stock over time.
Current vs Lagged Prices |
| Timeline |
Tsh Biopharmoration Lagged Returns
When evaluating Tsh Biopharmoration's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tsh Biopharmoration stock have on its future price. Tsh Biopharmoration 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, Tsh Biopharmoration autocorrelation shows the relationship between Tsh Biopharmoration stock current value and its past values and can show if there is a momentum factor associated with investing in tsh biopharmoration.
Regressed Prices |
| Timeline |
Pair Trading with Tsh Biopharmoration
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 Tsh Biopharmoration 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 Tsh Biopharmoration will appreciate offsetting losses from the drop in the long position's value.Moving against Tsh Stock
| 0.79 | 2887F | Taishin Financial Holding | PairCorr |
| 0.77 | 6803 | ECOVE Environment Corp | PairCorr |
| 0.72 | 2887E | Taishin Financial Holding | PairCorr |
| 0.67 | 2412 | Chunghwa Telecom | PairCorr |
| 0.65 | 1783 | Maxigen Biotech | PairCorr |
The ability to find closely correlated positions to Tsh Biopharmoration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tsh Biopharmoration 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 Tsh Biopharmoration - 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 tsh biopharmoration to buy it.
The correlation of Tsh Biopharmoration 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 Tsh Biopharmoration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if tsh biopharmoration 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 Tsh Biopharmoration 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 Tsh Stock Analysis
When running Tsh Biopharmoration's price analysis, check to measure Tsh Biopharmoration'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 Tsh Biopharmoration is operating at the current time. Most of Tsh Biopharmoration's value examination focuses on studying past and present price action to predict the probability of Tsh Biopharmoration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tsh Biopharmoration's price. Additionally, you may evaluate how the addition of Tsh Biopharmoration to your portfolios can decrease your overall portfolio volatility.