Abvc Biopharma Stock Beta
| ABVC Stock | USD 1.35 0.31 29.81% |
ABVC Biopharma fundamentals help investors to digest information that contributes to ABVC Biopharma's financial success or failures. It also enables traders to predict the movement of ABVC Stock. The fundamental analysis module provides a way to measure ABVC Biopharma's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ABVC Biopharma stock.
ABVC | Beta |
ABVC Biopharma Company Beta Analysis
ABVC Biopharma's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current ABVC Biopharma Beta | 0.77 |
Most of ABVC Biopharma's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ABVC Biopharma is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ABVC Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for ABVC Biopharma is extremely important. It helps to project a fair market value of ABVC Stock properly, considering its historical fundamentals such as Beta. Since ABVC Biopharma's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ABVC Biopharma's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ABVC Biopharma's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, ABVC Biopharma has a Beta of 0.769. This is 10.58% lower than that of the Biotechnology sector and 44.68% lower than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
ABVC Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ABVC Biopharma's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ABVC Biopharma could also be used in its relative valuation, which is a method of valuing ABVC Biopharma by comparing valuation metrics of similar companies.ABVC Biopharma is currently under evaluation in beta category among related companies.
ABVC Biopharma Institutional Holders
Institutional Holdings refers to the ownership stake in ABVC Biopharma that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ABVC Biopharma's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ABVC Biopharma's value.| Shares | Virtu Financial Llc | 2023-12-31 | 0.0 | Blackrock Inc | 2023-09-30 | 0.0 | Renaissance Technologies Corp | 2023-12-31 | 36.1 K | Vanguard Group Inc | 2023-12-31 | 27.2 K | Geode Capital Management, Llc | 2023-12-31 | 19.5 K | Citadel Advisors Llc | 2023-09-30 | 15.6 K | Tower Research Capital Llc | 2023-12-31 | 578 | Spotlight Asset Group, Inc. | 2023-12-31 | 100.0 | Royal Bank Of Canada | 2023-12-31 | 37.0 | Wells Fargo & Co | 2023-12-31 | 20.0 | Northern Trust Corp | 2023-09-30 | 0.0 |
As returns on the market increase, ABVC Biopharma's returns are expected to increase less than the market. However, during the bear market, the loss of holding ABVC Biopharma is expected to be smaller as well.
ABVC Fundamentals
| Return On Equity | -1.92 | ||||
| Return On Asset | -0.43 | ||||
| Operating Margin | (906.06) % | ||||
| Current Valuation | 12.48 M | ||||
| Shares Outstanding | 10.56 M | ||||
| Shares Owned By Insiders | 26.97 % | ||||
| Shares Owned By Institutions | 2.43 % | ||||
| Number Of Shares Shorted | 1.32 M | ||||
| Price To Book | 1.36 X | ||||
| Price To Sales | 75.52 X | ||||
| Revenue | 152.43 K | ||||
| Gross Profit | 350.71 K | ||||
| EBITDA | (8.19 M) | ||||
| Net Income | (10.52 M) | ||||
| Cash And Equivalents | 2.99 M | ||||
| Cash Per Share | 0.09 X | ||||
| Total Debt | 2.45 M | ||||
| Debt To Equity | 0.34 % | ||||
| Current Ratio | 2.68 X | ||||
| Book Value Per Share | 1.06 X | ||||
| Cash Flow From Operations | (4.06 M) | ||||
| Short Ratio | 0.92 X | ||||
| Earnings Per Share | (2.43) X | ||||
| Target Price | 2.02 | ||||
| Number Of Employees | 16 | ||||
| Beta | 0.77 | ||||
| Market Capitalization | 10.98 M | ||||
| Total Asset | 14.94 M | ||||
| Retained Earnings | (65.42 M) | ||||
| Working Capital | (4.28 M) | ||||
| Net Asset | 14.94 M |
About ABVC Biopharma Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ABVC Biopharma's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ABVC Biopharma using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ABVC Biopharma based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with ABVC Biopharma
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 ABVC Biopharma 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 ABVC Biopharma will appreciate offsetting losses from the drop in the long position's value.Moving against ABVC Stock
| 0.64 | PAHC | Phibro Animal Health Financial Report 1st of May 2024 | PairCorr |
| 0.62 | CNTA | Centessa Pharmaceuticals Downward Rally | PairCorr |
| 0.58 | ANIP | ANI Pharmaceuticals Financial Report 13th of May 2024 | PairCorr |
| 0.54 | ELYM | Eliem Therapeutics | PairCorr |
| 0.51 | PBH | Prestige Brand Holdings Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to ABVC Biopharma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABVC Biopharma 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 ABVC Biopharma - 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 ABVC Biopharma to buy it.
The correlation of ABVC Biopharma 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 ABVC Biopharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABVC Biopharma 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 ABVC Biopharma 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.Check out ABVC Biopharma Piotroski F Score and ABVC Biopharma Altman Z Score analysis. For information on how to trade ABVC Stock refer to our How to Trade ABVC Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for ABVC Stock analysis
When running ABVC Biopharma's price analysis, check to measure ABVC Biopharma'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 ABVC Biopharma is operating at the current time. Most of ABVC Biopharma's value examination focuses on studying past and present price action to predict the probability of ABVC Biopharma's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABVC Biopharma's price. Additionally, you may evaluate how the addition of ABVC Biopharma to your portfolios can decrease your overall portfolio volatility.
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Is ABVC Biopharma's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ABVC Biopharma. If investors know ABVC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ABVC Biopharma listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.43) | Revenue Per Share 0.035 | Quarterly Revenue Growth (1.00) | Return On Assets (0.43) | Return On Equity (1.92) |
The market value of ABVC Biopharma is measured differently than its book value, which is the value of ABVC that is recorded on the company's balance sheet. Investors also form their own opinion of ABVC Biopharma's value that differs from its market value or its book value, called intrinsic value, which is ABVC Biopharma's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ABVC Biopharma's market value can be influenced by many factors that don't directly affect ABVC Biopharma's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ABVC Biopharma's value and its price as these two are different measures arrived at by different means. Investors typically determine if ABVC Biopharma is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABVC Biopharma's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.