DV Biomed (Taiwan) Market Value
| 6539 Stock | TWD 44.40 0.20 0.45% |
| Symbol | 6539 |
DV Biomed '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 DV Biomed'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 DV Biomed.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in DV Biomed on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding DV Biomed Co or generate 0.0% return on investment in DV Biomed over 30 days. DV Biomed is related to or competes with Synmosa Biopharma, and GeneFerm Biotechnology. DV Biomed Co., Ltd. manufactures and sells medical-grade skin care products in Taiwan and internationally More
DV Biomed 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 DV Biomed'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 DV Biomed Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 70.29 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 2.48 |
DV Biomed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DV Biomed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DV Biomed's standard deviation. In reality, there are many statistical measures that can use DV Biomed historical prices to predict the future DV Biomed's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (1.19) | |||
| Total Risk Alpha | (1.78) | |||
| Treynor Ratio | (1.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DV Biomed's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
DV Biomed Backtested Returns
DV Biomed retains Efficiency (Sharpe Ratio) of -0.15, which denotes the company had a -0.15% return per unit of price deviation over the last 3 months. DV Biomed exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm DV Biomed's Information Ratio of (0.14), standard deviation of 8.29, and Market Risk Adjusted Performance of (1.10) to check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 1.02, which means a somewhat significant risk relative to the market. DV Biomed returns are very sensitive to returns on the market. As the market goes up or down, DV Biomed is expected to follow. DV Biomed has an expected return of -1.4%. Please make sure to confirm DV Biomed Co coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if DV Biomed performance from the past will be repeated sooner or later.
Auto-correlation | 0.20 |
Weak predictability
DV Biomed Co has weak predictability. Overlapping area represents the amount of predictability between DV Biomed time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd of May 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 DV Biomed price movement. The serial correlation of 0.2 indicates that over 20.0% of current DV Biomed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
DV Biomed lagged returns against current returns
Autocorrelation, which is DV Biomed 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 DV Biomed's stock expected returns. We can calculate the autocorrelation of DV Biomed returns to help us make a trade decision. For example, suppose you find that DV Biomed 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 |
DV Biomed 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 DV Biomed stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DV Biomed stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DV Biomed stock over time.
Current vs Lagged Prices |
| Timeline |
DV Biomed Lagged Returns
When evaluating DV Biomed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DV Biomed stock have on its future price. DV Biomed 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, DV Biomed autocorrelation shows the relationship between DV Biomed stock current value and its past values and can show if there is a momentum factor associated with investing in DV Biomed Co.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DV Biomed in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DV Biomed's short interest history, or implied volatility extrapolated from DV Biomed options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out DV Biomed Correlation, DV Biomed Volatility and DV Biomed Alpha and Beta module to complement your research on DV Biomed. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for 6539 Stock analysis
When running DV Biomed's price analysis, check to measure DV Biomed'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 DV Biomed is operating at the current time. Most of DV Biomed's value examination focuses on studying past and present price action to predict the probability of DV Biomed's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DV Biomed's price. Additionally, you may evaluate how the addition of DV Biomed to your portfolios can decrease your overall portfolio volatility.
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DV Biomed technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.