Zeng Hsing (Taiwan) Market Value
| 1558 Stock | TWD 103.50 0.50 0.49% |
| Symbol | Zeng |
Zeng Hsing '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 Zeng Hsing'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 Zeng Hsing.
| 12/22/2022 |
| 12/11/2024 |
If you would invest 0.00 in Zeng Hsing on December 22, 2022 and sell it all today you would earn a total of 0.00 from holding Zeng Hsing Industrial or generate 0.0% return on investment in Zeng Hsing over 720 days. Zeng Hsing is related to or competes with TTET Union, Shinkong Insurance, Huaku Development, China Steel, and Taiwan Secom. Zeng Hsing Industrial Co., Ltd., together with its subsidiaries, manufactures and sells household sewing machines, vacuu... More
Zeng Hsing 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 Zeng Hsing'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 Zeng Hsing Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 6.71 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.16 |
Zeng Hsing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zeng Hsing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zeng Hsing's standard deviation. In reality, there are many statistical measures that can use Zeng Hsing historical prices to predict the future Zeng Hsing's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.61) |
Zeng Hsing Industrial Backtested Returns
Zeng Hsing Industrial shows Sharpe Ratio of -0.15, which attests that the company had a -0.15% return per unit of risk over the last 3 months. Zeng Hsing Industrial exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zeng Hsing's Standard Deviation of 1.27, market risk adjusted performance of (0.60), and Mean Deviation of 0.9593 to validate the risk estimate we provide. The firm maintains a market beta of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zeng Hsing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zeng Hsing is expected to be smaller as well. At this point, Zeng Hsing Industrial has a negative expected return of -0.17%. Please make sure to check out Zeng Hsing's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Zeng Hsing Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Zeng Hsing Industrial has insignificant reverse predictability. Overlapping area represents the amount of predictability between Zeng Hsing time series from 22nd of December 2022 to 17th of December 2023 and 17th of December 2023 to 11th 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 Zeng Hsing Industrial price movement. The serial correlation of -0.18 indicates that over 18.0% of current Zeng Hsing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 25.35 |
Zeng Hsing Industrial lagged returns against current returns
Autocorrelation, which is Zeng Hsing 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 Zeng Hsing's stock expected returns. We can calculate the autocorrelation of Zeng Hsing returns to help us make a trade decision. For example, suppose you find that Zeng Hsing 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 |
Zeng Hsing 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 Zeng Hsing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zeng Hsing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zeng Hsing stock over time.
Current vs Lagged Prices |
| Timeline |
Zeng Hsing Lagged Returns
When evaluating Zeng Hsing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zeng Hsing stock have on its future price. Zeng Hsing 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, Zeng Hsing autocorrelation shows the relationship between Zeng Hsing stock current value and its past values and can show if there is a momentum factor associated with investing in Zeng Hsing Industrial.
Regressed Prices |
| Timeline |
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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 Zeng Stock Analysis
When running Zeng Hsing's price analysis, check to measure Zeng Hsing'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 Zeng Hsing is operating at the current time. Most of Zeng Hsing's value examination focuses on studying past and present price action to predict the probability of Zeng Hsing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zeng Hsing's price. Additionally, you may evaluate how the addition of Zeng Hsing to your portfolios can decrease your overall portfolio volatility.