Hiwin Technologies (Taiwan) Market Value
| 2049 Stock | TWD 235.00 3.50 1.51% |
| Symbol | Hiwin |
Hiwin Technologies '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 Hiwin Technologies' 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 Hiwin Technologies.
| 05/13/2023 |
| 12/03/2024 |
If you would invest 0.00 in Hiwin Technologies on May 13, 2023 and sell it all today you would earn a total of 0.00 from holding Hiwin Technologies Corp or generate 0.0% return on investment in Hiwin Technologies over 570 days. Hiwin Technologies is related to or competes with Universal Microelectronics, AVerMedia Technologies, Symtek Automation, WiseChip Semiconductor, Novatek Microelectronics, Information Technology, and Kinko Optical. Hiwin Technologies Corp. manufactures and sells motion control and systematic technology products worldwide More
Hiwin Technologies 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 Hiwin Technologies' 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 Hiwin Technologies Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.0277 | |||
| Maximum Drawdown | 11.86 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 4.54 |
Hiwin Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hiwin Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hiwin Technologies' standard deviation. In reality, there are many statistical measures that can use Hiwin Technologies historical prices to predict the future Hiwin Technologies' volatility.| Risk Adjusted Performance | 0.0656 | |||
| Jensen Alpha | 0.0874 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0311 | |||
| Treynor Ratio | 0.2169 |
Hiwin Technologies Corp Backtested Returns
Hiwin Technologies appears to be very steady, given 3 months investment horizon. Hiwin Technologies Corp holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hiwin Technologies Corp, which you can use to evaluate the volatility of the firm. Please utilize Hiwin Technologies' Market Risk Adjusted Performance of 0.2269, risk adjusted performance of 0.0656, and Downside Deviation of 2.26 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hiwin Technologies holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. Hiwin Technologies returns are very sensitive to returns on the market. As the market goes up or down, Hiwin Technologies is expected to follow. Please check Hiwin Technologies' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Hiwin Technologies' current trending patterns will revert.
Auto-correlation | 0.60 |
Good predictability
Hiwin Technologies Corp has good predictability. Overlapping area represents the amount of predictability between Hiwin Technologies time series from 13th of May 2023 to 22nd of February 2024 and 22nd of February 2024 to 3rd 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 Hiwin Technologies Corp price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Hiwin Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 379.53 |
Hiwin Technologies Corp lagged returns against current returns
Autocorrelation, which is Hiwin Technologies 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 Hiwin Technologies' stock expected returns. We can calculate the autocorrelation of Hiwin Technologies returns to help us make a trade decision. For example, suppose you find that Hiwin Technologies 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 |
Hiwin Technologies 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 Hiwin Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hiwin Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hiwin Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Hiwin Technologies Lagged Returns
When evaluating Hiwin Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hiwin Technologies stock have on its future price. Hiwin Technologies 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, Hiwin Technologies autocorrelation shows the relationship between Hiwin Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Hiwin Technologies Corp.
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 Hiwin Stock Analysis
When running Hiwin Technologies' price analysis, check to measure Hiwin Technologies' 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 Hiwin Technologies is operating at the current time. Most of Hiwin Technologies' value examination focuses on studying past and present price action to predict the probability of Hiwin Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hiwin Technologies' price. Additionally, you may evaluate how the addition of Hiwin Technologies to your portfolios can decrease your overall portfolio volatility.