Hong Tai (Taiwan) Market Value
| 1612 Stock | TWD 34.60 0.15 0.44% |
| Symbol | Hong |
Hong Tai '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 Tai'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 Tai.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Hong Tai on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Hong Tai Electric or generate 0.0% return on investment in Hong Tai over 720 days. Hong Tai is related to or competes with Ta Ya, Hua Eng, Walsin Lihwa, Sampo Corp, and UPC Technology. Hong Tai Electric Industrial Co., Ltd. primarily manufactures and sells electrical wires and cables More
Hong Tai 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 Tai'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 Tai Electric upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 2.4 |
Hong Tai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hong Tai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hong Tai's standard deviation. In reality, there are many statistical measures that can use Hong Tai historical prices to predict the future Hong Tai's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 0.548 |
Hong Tai Electric Backtested Returns
Hong Tai Electric holds Efficiency (Sharpe) Ratio of -0.0353, which attests that the entity had a -0.0353% return per unit of risk over the last 3 months. Hong Tai Electric exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hong Tai's Standard Deviation of 1.54, risk adjusted performance of (0.03), and Market Risk Adjusted Performance of 0.558 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hong Tai are expected to decrease at a much lower rate. During the bear market, Hong Tai is likely to outperform the market. At this point, Hong Tai Electric has a negative expected return of -0.0553%. Please make sure to check out Hong Tai's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Hong Tai Electric performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Hong Tai Electric has good predictability. Overlapping area represents the amount of predictability between Hong Tai time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Tai Electric price movement. The serial correlation of 0.73 indicates that around 73.0% of current Hong Tai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 18.12 |
Hong Tai Electric lagged returns against current returns
Autocorrelation, which is Hong Tai 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 Tai's stock expected returns. We can calculate the autocorrelation of Hong Tai returns to help us make a trade decision. For example, suppose you find that Hong Tai 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 Tai 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 Tai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hong Tai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hong Tai stock over time.
Current vs Lagged Prices |
| Timeline |
Hong Tai Lagged Returns
When evaluating Hong Tai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hong Tai stock have on its future price. Hong Tai 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 Tai autocorrelation shows the relationship between Hong Tai stock current value and its past values and can show if there is a momentum factor associated with investing in Hong Tai Electric.
Regressed Prices |
| Timeline |
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When running Hong Tai's price analysis, check to measure Hong Tai'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 Tai is operating at the current time. Most of Hong Tai's value examination focuses on studying past and present price action to predict the probability of Hong Tai'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 Tai's price. Additionally, you may evaluate how the addition of Hong Tai to your portfolios can decrease your overall portfolio volatility.