Hong Yi (Taiwan) Market Value
| 1452 Stock | TWD 16.00 0.15 0.95% |
| Symbol | Hong |
Hong Yi '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 Hong Yi'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 Hong Yi.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Hong Yi on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hong Yi Fiber or generate 0.0% return on investment in Hong Yi over 180 days. Hong Yi is related to or competes with Yi Jinn, Zig Sheng, Lan Fa, Tainan Spinning, and Everest Textile. Co., Ltd. manufactures and sells polyester textured yarns in Taiwan More
Hong Yi 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 Hong Yi'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 Hong Yi Fiber upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 3.99 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 0.9404 |
Hong Yi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hong Yi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hong Yi's standard deviation. In reality, there are many statistical measures that can use Hong Yi historical prices to predict the future Hong Yi's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.84) |
Hong Yi Fiber Backtested Returns
Hong Yi Fiber holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Hong Yi Fiber exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hong Yi's Risk Adjusted Performance of (0.10), standard deviation of 0.7626, and Market Risk Adjusted Performance of (0.83) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hong Yi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hong Yi is expected to be smaller as well. At this point, Hong Yi Fiber has a negative expected return of -0.0979%. Please make sure to check out Hong Yi's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Hong Yi Fiber performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Hong Yi Fiber has very weak reverse predictability. Overlapping area represents the amount of predictability between Hong Yi time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Hong Yi Fiber price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Hong Yi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Hong Yi Fiber lagged returns against current returns
Autocorrelation, which is Hong Yi 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 Hong Yi's stock expected returns. We can calculate the autocorrelation of Hong Yi returns to help us make a trade decision. For example, suppose you find that Hong Yi 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 |
Hong Yi 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 Hong Yi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hong Yi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hong Yi stock over time.
Current vs Lagged Prices |
| Timeline |
Hong Yi Lagged Returns
When evaluating Hong Yi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hong Yi stock have on its future price. Hong Yi 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, Hong Yi autocorrelation shows the relationship between Hong Yi stock current value and its past values and can show if there is a momentum factor associated with investing in Hong Yi Fiber.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Hong Stock Analysis
When running Hong Yi's price analysis, check to measure Hong Yi'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 Hong Yi is operating at the current time. Most of Hong Yi's value examination focuses on studying past and present price action to predict the probability of Hong Yi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hong Yi's price. Additionally, you may evaluate how the addition of Hong Yi to your portfolios can decrease your overall portfolio volatility.