Hotel Holiday (Taiwan) Market Value
| 2702 Stock | TWD 16.80 0.05 0.30% |
| Symbol | Hotel |
Hotel Holiday '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 Hotel Holiday'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 Hotel Holiday.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Hotel Holiday on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hotel Holiday Garden or generate 0.0% return on investment in Hotel Holiday over 30 days. Hotel Holiday is related to or competes with First Hotel, Leofoo Development, Taiwan Tea, China Container, and Far Eastern. The company operates Holiday Garden Hotel, an international tourist hotel with 270 guest rooms, lobby, banquet hall, swi... More
Hotel Holiday 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 Hotel Holiday'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 Hotel Holiday Garden upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 4.23 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 1.15 |
Hotel Holiday Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hotel Holiday's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hotel Holiday's standard deviation. In reality, there are many statistical measures that can use Hotel Holiday historical prices to predict the future Hotel Holiday's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.78) |
Hotel Holiday Garden Backtested Returns
Hotel Holiday Garden holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Hotel Holiday Garden exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hotel Holiday's Risk Adjusted Performance of (0.1), market risk adjusted performance of (0.77), and Standard Deviation of 0.8035 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, Hotel Holiday's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hotel Holiday is expected to be smaller as well. At this point, Hotel Holiday Garden has a negative expected return of -0.0839%. Please make sure to check out Hotel Holiday's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Hotel Holiday Garden performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.84 |
Very good predictability
Hotel Holiday Garden has very good predictability. Overlapping area represents the amount of predictability between Hotel Holiday time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Hotel Holiday Garden price movement. The serial correlation of 0.84 indicates that around 84.0% of current Hotel Holiday price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hotel Holiday Garden lagged returns against current returns
Autocorrelation, which is Hotel Holiday 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 Hotel Holiday's stock expected returns. We can calculate the autocorrelation of Hotel Holiday returns to help us make a trade decision. For example, suppose you find that Hotel Holiday 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 |
Hotel Holiday 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 Hotel Holiday stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hotel Holiday stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hotel Holiday stock over time.
Current vs Lagged Prices |
| Timeline |
Hotel Holiday Lagged Returns
When evaluating Hotel Holiday's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hotel Holiday stock have on its future price. Hotel Holiday 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, Hotel Holiday autocorrelation shows the relationship between Hotel Holiday stock current value and its past values and can show if there is a momentum factor associated with investing in Hotel Holiday Garden.
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 Hotel Stock Analysis
When running Hotel Holiday's price analysis, check to measure Hotel Holiday'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 Hotel Holiday is operating at the current time. Most of Hotel Holiday's value examination focuses on studying past and present price action to predict the probability of Hotel Holiday's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hotel Holiday's price. Additionally, you may evaluate how the addition of Hotel Holiday to your portfolios can decrease your overall portfolio volatility.