Hana Microelectronics (Germany) Market Value
| HAA1 Stock | EUR 0.73 0.01 1.35% |
| Symbol | Hana |
Hana Microelectronics '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 Hana Microelectronics' 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 Hana Microelectronics.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Hana Microelectronics on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hana Microelectronics Public or generate 0.0% return on investment in Hana Microelectronics over 180 days. Hana Microelectronics is related to or competes with Hana Microelectronics, NISSHA, TAMURA P, ChemoMetec, and Richardson Electronics. Hana Microelectronics Public Company Limited, together with its subsidiaries, manufactures and trades in electronic comp... More
Hana Microelectronics 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 Hana Microelectronics' 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 Hana Microelectronics Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.0323 | |||
| Maximum Drawdown | 18.33 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.41 |
Hana Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hana Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hana Microelectronics' standard deviation. In reality, there are many statistical measures that can use Hana Microelectronics historical prices to predict the future Hana Microelectronics' volatility.| Risk Adjusted Performance | 0.0495 | |||
| Jensen Alpha | 0.3807 | |||
| Total Risk Alpha | (0.76) | |||
| Sortino Ratio | 0.0581 | |||
| Treynor Ratio | (1.10) |
Hana Microelectronics Backtested Returns
Hana Microelectronics appears to be out of control, given 3 months investment horizon. Hana Microelectronics holds Efficiency (Sharpe) Ratio of 0.05, which attests that the entity had a 0.05% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hana Microelectronics, which you can use to evaluate the volatility of the firm. Please utilize Hana Microelectronics' Risk Adjusted Performance of 0.0495, downside deviation of 3.68, and Market Risk Adjusted Performance of (1.09) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hana Microelectronics holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hana Microelectronics are expected to decrease at a much lower rate. During the bear market, Hana Microelectronics is likely to outperform the market. Please check Hana Microelectronics' information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Hana Microelectronics' current trending patterns will revert.
Auto-correlation | 0.62 |
Good predictability
Hana Microelectronics Public has good predictability. Overlapping area represents the amount of predictability between Hana Microelectronics time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 Hana Microelectronics price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Hana Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hana Microelectronics lagged returns against current returns
Autocorrelation, which is Hana Microelectronics 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 Hana Microelectronics' stock expected returns. We can calculate the autocorrelation of Hana Microelectronics returns to help us make a trade decision. For example, suppose you find that Hana Microelectronics 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 |
Hana Microelectronics 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 Hana Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hana Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hana Microelectronics stock over time.
Current vs Lagged Prices |
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Hana Microelectronics Lagged Returns
When evaluating Hana Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hana Microelectronics stock have on its future price. Hana Microelectronics 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, Hana Microelectronics autocorrelation shows the relationship between Hana Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Hana Microelectronics Public.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hana Stock
Hana Microelectronics financial ratios help investors to determine whether Hana Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hana with respect to the benefits of owning Hana Microelectronics security.