Dynamic Medical (Taiwan) Market Value
| 4138 Stock | TWD 105.50 2.00 1.93% |
| Symbol | Dynamic |
Dynamic Medical '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 Dynamic Medical'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 Dynamic Medical.
| 02/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in Dynamic Medical on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Dynamic Medical Technologies or generate 0.0% return on investment in Dynamic Medical over 90 days. Dynamic Medical is related to or competes with Universal Vision, Excelsior Medical, Pacific Hospital, Ruentex Development, Symtek Automation, CTCI Corp, and Information Technology. More
Dynamic Medical 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 Dynamic Medical'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 Dynamic Medical Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.43 | |||
| Information Ratio | (0.0005) | |||
| Maximum Drawdown | 15.68 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 3.69 |
Dynamic Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dynamic Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dynamic Medical's standard deviation. In reality, there are many statistical measures that can use Dynamic Medical historical prices to predict the future Dynamic Medical's volatility.| Risk Adjusted Performance | 0.0183 | |||
| Jensen Alpha | 0.0589 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.0005) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dynamic Medical'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.
Dynamic Medical Tech Backtested Returns
We consider Dynamic Medical very steady. Dynamic Medical Tech secures Sharpe Ratio (or Efficiency) of 0.0064, which denotes the company had a 0.0064% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dynamic Medical Technologies, which you can use to evaluate the volatility of the firm. Please confirm Dynamic Medical's Downside Deviation of 2.43, mean deviation of 1.67, and Coefficient Of Variation of 5489.71 to check if the risk estimate we provide is consistent with the expected return of 0.0165%. The firm shows a Beta (market volatility) of -0.58, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dynamic Medical are expected to decrease at a much lower rate. During the bear market, Dynamic Medical is likely to outperform the market. Dynamic Medical Tech right now shows a risk of 2.57%. Please confirm Dynamic Medical Tech downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Dynamic Medical Tech will be following its price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Dynamic Medical Technologies has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Dynamic Medical time series from 28th of February 2024 to 13th of April 2024 and 13th of April 2024 to 28th 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 Dynamic Medical Tech price movement. The serial correlation of -0.72 indicates that around 72.0% of current Dynamic Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 52.02 |
Dynamic Medical Tech lagged returns against current returns
Autocorrelation, which is Dynamic Medical 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 Dynamic Medical's stock expected returns. We can calculate the autocorrelation of Dynamic Medical returns to help us make a trade decision. For example, suppose you find that Dynamic Medical 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 |
Dynamic Medical 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 Dynamic Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dynamic Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dynamic Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Dynamic Medical Lagged Returns
When evaluating Dynamic Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dynamic Medical stock have on its future price. Dynamic Medical 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, Dynamic Medical autocorrelation shows the relationship between Dynamic Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Dynamic Medical Technologies.
Regressed Prices |
| Timeline |
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Complementary Tools for Dynamic Stock analysis
When running Dynamic Medical's price analysis, check to measure Dynamic Medical'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 Dynamic Medical is operating at the current time. Most of Dynamic Medical's value examination focuses on studying past and present price action to predict the probability of Dynamic Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dynamic Medical's price. Additionally, you may evaluate how the addition of Dynamic Medical to your portfolios can decrease your overall portfolio volatility.
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Dynamic Medical 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.