Hana Microelectronics (Thailand) Market Value
| HANA Stock | THB 26.00 0.25 0.95% |
| 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.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Hana Microelectronics on August 19, 2023 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 480 days. Hana Microelectronics is related to or competes with KCE Electronics, Land, Delta Electronics, Siam Cement, and Bangkok Bank. 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.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 20.93 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 3.27 |
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 | (0.13) | |||
| Jensen Alpha | (0.67) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | (0.63) |
Hana Microelectronics Backtested Returns
Hana Microelectronics holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of risk over the last 3 months. Hana Microelectronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hana Microelectronics' Market Risk Adjusted Performance of (0.62), standard deviation of 2.86, and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.9, which attests to possible diversification benefits within a given portfolio. Hana Microelectronics returns are very sensitive to returns on the market. As the market goes up or down, Hana Microelectronics is expected to follow. At this point, Hana Microelectronics has a negative expected return of -0.58%. Please make sure to check out Hana Microelectronics' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Hana Microelectronics performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Hana Microelectronics Public has average predictability. Overlapping area represents the amount of predictability between Hana Microelectronics time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 0.41 indicates that just about 41.0% of current Hana Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 28.88 |
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 |
| Timeline |
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 |
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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.