Hsinli Chemical (Taiwan) Market Value
| 4303 Stock | TWD 55.80 5.00 9.84% |
| Symbol | Hsinli |
Hsinli Chemical '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 Hsinli Chemical'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 Hsinli Chemical.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Hsinli Chemical on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Hsinli Chemical Industrial or generate 0.0% return on investment in Hsinli Chemical over 720 days. Hsinli Chemical is related to or competes with Feng Tay, Pou Chen, and . HsinLi Chemical Industrial Corp. manufactures and sells PU and PVC products in Taiwan and internationally More
Hsinli Chemical 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 Hsinli Chemical'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 Hsinli Chemical Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.0057 | |||
| Maximum Drawdown | 18.09 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 5.98 |
Hsinli Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hsinli Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hsinli Chemical's standard deviation. In reality, there are many statistical measures that can use Hsinli Chemical historical prices to predict the future Hsinli Chemical's volatility.| Risk Adjusted Performance | 0.0401 | |||
| Jensen Alpha | 0.1359 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0057 | |||
| Treynor Ratio | (6.75) |
Hsinli Chemical Indu Backtested Returns
Hsinli Chemical appears to be very steady, given 3 months investment horizon. Hsinli Chemical Indu holds Efficiency (Sharpe) Ratio of 0.0943, which attests that the entity had a 0.0943% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hsinli Chemical Indu, which you can use to evaluate the volatility of the firm. Please utilize Hsinli Chemical's Market Risk Adjusted Performance of (6.74), risk adjusted performance of 0.0401, and Downside Deviation of 3.4 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hsinli Chemical holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.0198, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hsinli Chemical are expected to decrease at a much lower rate. During the bear market, Hsinli Chemical is likely to outperform the market. Please check Hsinli Chemical's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Hsinli Chemical's current trending patterns will revert.
Auto-correlation | 0.76 |
Good predictability
Hsinli Chemical Industrial has good predictability. Overlapping area represents the amount of predictability between Hsinli Chemical time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 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 Hsinli Chemical Indu price movement. The serial correlation of 0.76 indicates that around 76.0% of current Hsinli Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 106.92 |
Hsinli Chemical Indu lagged returns against current returns
Autocorrelation, which is Hsinli Chemical 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 Hsinli Chemical's stock expected returns. We can calculate the autocorrelation of Hsinli Chemical returns to help us make a trade decision. For example, suppose you find that Hsinli Chemical 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 |
Hsinli Chemical 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 Hsinli Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hsinli Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hsinli Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Hsinli Chemical Lagged Returns
When evaluating Hsinli Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hsinli Chemical stock have on its future price. Hsinli Chemical 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, Hsinli Chemical autocorrelation shows the relationship between Hsinli Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Hsinli Chemical Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Hsinli Chemical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hsinli Chemical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hsinli Chemical will appreciate offsetting losses from the drop in the long position's value.Moving against Hsinli Stock
The ability to find closely correlated positions to Hsinli Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hsinli Chemical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hsinli Chemical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hsinli Chemical Industrial to buy it.
The correlation of Hsinli Chemical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hsinli Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hsinli Chemical Indu moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hsinli Chemical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Hsinli Stock Analysis
When running Hsinli Chemical's price analysis, check to measure Hsinli Chemical'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 Hsinli Chemical is operating at the current time. Most of Hsinli Chemical's value examination focuses on studying past and present price action to predict the probability of Hsinli Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hsinli Chemical's price. Additionally, you may evaluate how the addition of Hsinli Chemical to your portfolios can decrease your overall portfolio volatility.