Huang Hsiang (Taiwan) Market Value
| 2545 Stock | TWD 75.90 2.80 3.83% |
| Symbol | Huang |
Huang Hsiang '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 Huang Hsiang'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 Huang Hsiang.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Huang Hsiang on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Huang Hsiang Construction or generate 0.0% return on investment in Huang Hsiang over 720 days. Huang Hsiang is related to or competes with Huaku Development, Ruentex Development, Taiwan Cement, Symtek Automation, CTCI Corp, Information Technology, and Kinko Optical. Huang Hsiang Construction Corporation builds and sellsleases residential and office buildings in Taiwan More
Huang Hsiang 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 Huang Hsiang'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 Huang Hsiang Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.47 | |||
| Information Ratio | 0.0749 | |||
| Maximum Drawdown | 15.6 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 4.86 |
Huang Hsiang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huang Hsiang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huang Hsiang's standard deviation. In reality, there are many statistical measures that can use Huang Hsiang historical prices to predict the future Huang Hsiang's volatility.| Risk Adjusted Performance | 0.1032 | |||
| Jensen Alpha | 0.3284 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0823 | |||
| Treynor Ratio | 18.17 |
Huang Hsiang Construction Backtested Returns
Huang Hsiang appears to be very steady, given 3 months investment horizon. Huang Hsiang Construction holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Huang Hsiang Construction, which you can use to evaluate the volatility of the firm. Please utilize Huang Hsiang's risk adjusted performance of 0.1032, and Market Risk Adjusted Performance of 18.18 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Huang Hsiang holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.0182, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Huang Hsiang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Huang Hsiang is expected to be smaller as well. Please check Huang Hsiang's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Huang Hsiang's current trending patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Huang Hsiang Construction has poor reverse predictability. Overlapping area represents the amount of predictability between Huang Hsiang 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 Huang Hsiang Construction price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Huang Hsiang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 85.97 |
Huang Hsiang Construction lagged returns against current returns
Autocorrelation, which is Huang Hsiang 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 Huang Hsiang's stock expected returns. We can calculate the autocorrelation of Huang Hsiang returns to help us make a trade decision. For example, suppose you find that Huang Hsiang 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 |
Huang Hsiang 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 Huang Hsiang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huang Hsiang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huang Hsiang stock over time.
Current vs Lagged Prices |
| Timeline |
Huang Hsiang Lagged Returns
When evaluating Huang Hsiang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huang Hsiang stock have on its future price. Huang Hsiang 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, Huang Hsiang autocorrelation shows the relationship between Huang Hsiang stock current value and its past values and can show if there is a momentum factor associated with investing in Huang Hsiang Construction.
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 Huang Stock Analysis
When running Huang Hsiang's price analysis, check to measure Huang Hsiang'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 Huang Hsiang is operating at the current time. Most of Huang Hsiang's value examination focuses on studying past and present price action to predict the probability of Huang Hsiang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Huang Hsiang's price. Additionally, you may evaluate how the addition of Huang Hsiang to your portfolios can decrease your overall portfolio volatility.