Hua Nan (Taiwan) Market Value
| 2880 Stock | TWD 26.05 0.10 0.38% |
| Symbol | Hua |
Hua Nan '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 Hua Nan'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 Hua Nan.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Hua Nan on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Hua Nan Financial or generate 0.0% return on investment in Hua Nan over 540 days. Hua Nan is related to or competes with First Financial, Mega Financial, CTBC Financial, ESUN Financial, and Taishin Financial. Hua Nan Financial Holdings Co., Ltd., together with its subsidiaries, provides financial services in Taiwan and internat... More
Hua Nan 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 Hua Nan'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 Hua Nan Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8803 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.73 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.56 |
Hua Nan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hua Nan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hua Nan's standard deviation. In reality, there are many statistical measures that can use Hua Nan historical prices to predict the future Hua Nan's volatility.| Risk Adjusted Performance | 0.0356 | |||
| Jensen Alpha | 0.0108 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.2033 |
Hua Nan Financial Backtested Returns
At this stage we consider Hua Stock to be very steady. Hua Nan Financial holds Efficiency (Sharpe) Ratio of 0.0466, which attests that the entity had a 0.0466% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Hua Nan Financial, which you can use to evaluate the volatility of the firm. Please check out Hua Nan's market risk adjusted performance of 0.2133, and Risk Adjusted Performance of 0.0356 to validate if the risk estimate we provide is consistent with the expected return of 0.0408%. Hua Nan has a performance score of 3 on a scale of 0 to 100. 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, Hua Nan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hua Nan is expected to be smaller as well. Hua Nan Financial right now retains a risk of 0.88%. Please check out Hua Nan market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Hua Nan will be following its current trending patterns.
Auto-correlation | -0.36 |
Poor reverse predictability
Hua Nan Financial has poor reverse predictability. Overlapping area represents the amount of predictability between Hua Nan time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Hua Nan Financial price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Hua Nan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2.32 |
Hua Nan Financial lagged returns against current returns
Autocorrelation, which is Hua Nan 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 Hua Nan's stock expected returns. We can calculate the autocorrelation of Hua Nan returns to help us make a trade decision. For example, suppose you find that Hua Nan 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 |
Hua Nan 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 Hua Nan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hua Nan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hua Nan stock over time.
Current vs Lagged Prices |
| Timeline |
Hua Nan Lagged Returns
When evaluating Hua Nan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hua Nan stock have on its future price. Hua Nan 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, Hua Nan autocorrelation shows the relationship between Hua Nan stock current value and its past values and can show if there is a momentum factor associated with investing in Hua Nan Financial.
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 Hua Stock Analysis
When running Hua Nan's price analysis, check to measure Hua Nan'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 Hua Nan is operating at the current time. Most of Hua Nan's value examination focuses on studying past and present price action to predict the probability of Hua Nan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hua Nan's price. Additionally, you may evaluate how the addition of Hua Nan to your portfolios can decrease your overall portfolio volatility.