Hi Lai (Taiwan) Market Value
| 1268 Stock | TWD 149.00 1.50 1.00% |
| Symbol | 1268 |
Hi Lai '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 Hi Lai'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 Hi Lai.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hi Lai on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Hi Lai Foods Co or generate 0.0% return on investment in Hi Lai over 30 days. Hi Lai is related to or competes with EnTie Commercial, Great China, Central Reinsurance, Camellia Metal, Compal Broadband, and Kings Town. It operates restaurants under the Hi-Lai Harbour, Hi-Lai Vegetarian, Cantonese Jade Garden, Celebrity Cuisine, and Shang... More
Hi Lai 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 Hi Lai'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 Hi Lai Foods Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.37 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 0.9772 |
Hi Lai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hi Lai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hi Lai's standard deviation. In reality, there are many statistical measures that can use Hi Lai historical prices to predict the future Hi Lai's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.29) |
Hi Lai Foods Backtested Returns
Hi Lai Foods retains Efficiency (Sharpe Ratio) of -0.0552, which attests that the entity had a -0.0552% return per unit of price deviation over the last 3 months. Hi Lai exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hi Lai's Information Ratio of (0.22), coefficient of variation of (2,424), and Market Risk Adjusted Performance of (0.28) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hi Lai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hi Lai is expected to be smaller as well. At this point, Hi Lai Foods has a negative expected return of -0.0433%. Please make sure to check out Hi Lai's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Hi Lai Foods performance from the past will be repeated in the future.
Auto-correlation | 0.79 |
Good predictability
Hi Lai Foods Co has good predictability. Overlapping area represents the amount of predictability between Hi Lai time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Hi Lai Foods price movement. The serial correlation of 0.79 indicates that around 79.0% of current Hi Lai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.6 |
Hi Lai Foods lagged returns against current returns
Autocorrelation, which is Hi Lai 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 Hi Lai's stock expected returns. We can calculate the autocorrelation of Hi Lai returns to help us make a trade decision. For example, suppose you find that Hi Lai 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 |
Hi Lai 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 Hi Lai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hi Lai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hi Lai stock over time.
Current vs Lagged Prices |
| Timeline |
Hi Lai Lagged Returns
When evaluating Hi Lai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hi Lai stock have on its future price. Hi Lai 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, Hi Lai autocorrelation shows the relationship between Hi Lai stock current value and its past values and can show if there is a momentum factor associated with investing in Hi Lai Foods Co.
Regressed Prices |
| Timeline |
Pair Trading with Hi Lai
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 Hi Lai 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 Hi Lai will appreciate offsetting losses from the drop in the long position's value.Moving together with 1268 Stock
The ability to find closely correlated positions to Hi Lai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hi Lai 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 Hi Lai - 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 Hi Lai Foods Co to buy it.
The correlation of Hi Lai 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 Hi Lai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hi Lai Foods 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 Hi Lai 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 1268 Stock Analysis
When running Hi Lai's price analysis, check to measure Hi Lai'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 Hi Lai is operating at the current time. Most of Hi Lai's value examination focuses on studying past and present price action to predict the probability of Hi Lai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hi Lai's price. Additionally, you may evaluate how the addition of Hi Lai to your portfolios can decrease your overall portfolio volatility.