Hannstar Display (Taiwan) Market Value

6116 Stock  TWD 9.01  0.05  0.56%   
Hannstar Display's market value is the price at which a share of Hannstar Display trades on a public exchange. It measures the collective expectations of Hannstar Display Corp investors about its performance. Hannstar Display is selling for under 9.01 as of the 5th of December 2024; that is 0.56% increase since the beginning of the trading day. The stock's lowest day price was 8.93.
With this module, you can estimate the performance of a buy and hold strategy of Hannstar Display Corp and determine expected loss or profit from investing in Hannstar Display over a given investment horizon. Check out Hannstar Display Correlation, Hannstar Display Volatility and Hannstar Display Alpha and Beta module to complement your research on Hannstar Display.
Symbol

Please note, there is a significant difference between Hannstar Display's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hannstar Display is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hannstar Display's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Hannstar Display '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 Hannstar Display'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 Hannstar Display.
0.00
12/11/2023
No Change 0.00  0.0 
In 11 months and 27 days
12/05/2024
0.00
If you would invest  0.00  in Hannstar Display on December 11, 2023 and sell it all today you would earn a total of 0.00 from holding Hannstar Display Corp or generate 0.0% return on investment in Hannstar Display over 360 days. Hannstar Display is related to or competes with AU Optronics, Innolux Corp, Winbond Electronics, Qisda Corp, and Macronix International. HannStar Display Corporation engages in the research and development, design, manufacture, sale, service, and maintenanc... More

Hannstar Display 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 Hannstar Display'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 Hannstar Display Corp upside and downside potential and time the market with a certain degree of confidence.

Hannstar Display Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hannstar Display's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hannstar Display's standard deviation. In reality, there are many statistical measures that can use Hannstar Display historical prices to predict the future Hannstar Display's volatility.
Hype
Prediction
LowEstimatedHigh
7.749.0110.28
Details
Intrinsic
Valuation
LowRealHigh
7.769.0310.30
Details
Naive
Forecast
LowNextHigh
7.869.1310.41
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.828.929.03
Details

Hannstar Display Corp Backtested Returns

At this stage we consider Hannstar Stock to be not too volatile. Hannstar Display Corp holds Efficiency (Sharpe) Ratio of 0.0614, which attests that the entity had a 0.0614% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Hannstar Display Corp, which you can use to evaluate the volatility of the firm. Please check out Hannstar Display's Standard Deviation of 1.38, market risk adjusted performance of (0.02), and Risk Adjusted Performance of 0.0042 to validate if the risk estimate we provide is consistent with the expected return of 0.0782%. Hannstar Display has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hannstar Display's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hannstar Display is expected to be smaller as well. Hannstar Display Corp right now retains a risk of 1.27%. Please check out Hannstar Display standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Hannstar Display will be following its current trending patterns.

Auto-correlation

    
  0.26  

Poor predictability

Hannstar Display Corp has poor predictability. Overlapping area represents the amount of predictability between Hannstar Display time series from 11th of December 2023 to 8th of June 2024 and 8th of June 2024 to 5th 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 Hannstar Display Corp price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Hannstar Display price fluctuation can be explain by its past prices.
Correlation Coefficient0.26
Spearman Rank Test0.36
Residual Average0.0
Price Variance0.18

Hannstar Display Corp lagged returns against current returns

Autocorrelation, which is Hannstar Display 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 Hannstar Display's stock expected returns. We can calculate the autocorrelation of Hannstar Display returns to help us make a trade decision. For example, suppose you find that Hannstar Display 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  

Hannstar Display 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 Hannstar Display stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hannstar Display stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hannstar Display stock over time.
   Current vs Lagged Prices   
       Timeline  

Hannstar Display Lagged Returns

When evaluating Hannstar Display's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hannstar Display stock have on its future price. Hannstar Display 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, Hannstar Display autocorrelation shows the relationship between Hannstar Display stock current value and its past values and can show if there is a momentum factor associated with investing in Hannstar Display Corp.
   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 Hannstar Stock Analysis

When running Hannstar Display's price analysis, check to measure Hannstar Display'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 Hannstar Display is operating at the current time. Most of Hannstar Display's value examination focuses on studying past and present price action to predict the probability of Hannstar Display's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hannstar Display's price. Additionally, you may evaluate how the addition of Hannstar Display to your portfolios can decrease your overall portfolio volatility.