Hwa Fong (Taiwan) Market Value
| 2109 Stock | TWD 18.25 0.10 0.55% |
| Symbol | Hwa |
Hwa Fong '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 Hwa Fong'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 Hwa Fong.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Hwa Fong on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Hwa Fong Rubber or generate 0.0% return on investment in Hwa Fong over 720 days. Hwa Fong is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Co., Ltd. manufactures and sells rubber and tires in Taiwan and internationally More
Hwa Fong 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 Hwa Fong'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 Hwa Fong Rubber upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.35 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.35 |
Hwa Fong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hwa Fong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hwa Fong's standard deviation. In reality, there are many statistical measures that can use Hwa Fong historical prices to predict the future Hwa Fong's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.7977 |
Hwa Fong Rubber Backtested Returns
Hwa Fong Rubber holds Efficiency (Sharpe) Ratio of -0.0671, which attests that the entity had a -0.0671% return per unit of standard deviation over the last 3 months. Hwa Fong Rubber exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hwa Fong's market risk adjusted performance of 0.8077, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0992, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hwa Fong are expected to decrease at a much lower rate. During the bear market, Hwa Fong is likely to outperform the market. At this point, Hwa Fong Rubber has a negative expected return of -0.0563%. Please make sure to check out Hwa Fong's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Hwa Fong Rubber performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Hwa Fong Rubber has modest reverse predictability. Overlapping area represents the amount of predictability between Hwa Fong time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Hwa Fong Rubber price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Hwa Fong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 2.97 |
Hwa Fong Rubber lagged returns against current returns
Autocorrelation, which is Hwa Fong 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 Hwa Fong's stock expected returns. We can calculate the autocorrelation of Hwa Fong returns to help us make a trade decision. For example, suppose you find that Hwa Fong 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 |
Hwa Fong 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 Hwa Fong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hwa Fong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hwa Fong stock over time.
Current vs Lagged Prices |
| Timeline |
Hwa Fong Lagged Returns
When evaluating Hwa Fong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hwa Fong stock have on its future price. Hwa Fong 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, Hwa Fong autocorrelation shows the relationship between Hwa Fong stock current value and its past values and can show if there is a momentum factor associated with investing in Hwa Fong Rubber.
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 Hwa Stock Analysis
When running Hwa Fong's price analysis, check to measure Hwa Fong'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 Hwa Fong is operating at the current time. Most of Hwa Fong's value examination focuses on studying past and present price action to predict the probability of Hwa Fong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hwa Fong's price. Additionally, you may evaluate how the addition of Hwa Fong to your portfolios can decrease your overall portfolio volatility.