Hua Hong Semiconductor Stock Market Value
| HHUSF Stock | USD 3.43 0.00 0.00% |
| Symbol | Hua |
Hua Hong '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 Hong's pink sheet 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 Hong.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Hua Hong on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hua Hong Semiconductor or generate 0.0% return on investment in Hua Hong over 30 days. Hua Hong is related to or competes with Advanced Micro, Intel, Taiwan Semiconductor, Marvell Technology, Broadcom, NVIDIA, and Micron Technology. Hua Hong Semiconductor Limited, an investment holding company, manufactures and sells semiconductor products More
Hua Hong 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 Hong's pink sheet 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 Hong Semiconductor upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1265 | |||
| Maximum Drawdown | 77.06 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 11.03 |
Hua Hong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hua Hong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hua Hong's standard deviation. In reality, there are many statistical measures that can use Hua Hong historical prices to predict the future Hua Hong's volatility.| Risk Adjusted Performance | 0.1074 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | 0.2765 | |||
| Treynor Ratio | 1.57 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hua Hong's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hua Hong Semiconductor Backtested Returns
Hua Hong is dangerous given 3 months investment horizon. Hua Hong Semiconductor holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of standard deviation over the last 3 months. We are able to interpolate and collect eighteen different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use Hua Hong Semiconductor risk adjusted performance of 0.1074, and Market Risk Adjusted Performance of 1.58 to evaluate company specific risk that cannot be diversified away. Hua Hong holds a performance score of 10 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hua Hong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hua Hong is expected to be smaller as well. Use Hua Hong Semiconductor variance, as well as the relationship between the potential upside and day typical price , to analyze future returns on Hua Hong Semiconductor.
Auto-correlation | -0.83 |
Excellent reverse predictability
Hua Hong Semiconductor has excellent reverse predictability. Overlapping area represents the amount of predictability between Hua Hong time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Hua Hong Semiconductor price movement. The serial correlation of -0.83 indicates that around 83.0% of current Hua Hong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Hua Hong Semiconductor lagged returns against current returns
Autocorrelation, which is Hua Hong pink sheet'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 Hong's pink sheet expected returns. We can calculate the autocorrelation of Hua Hong returns to help us make a trade decision. For example, suppose you find that Hua Hong has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Hong 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 Hong pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hua Hong pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hua Hong pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hua Hong Lagged Returns
When evaluating Hua Hong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hua Hong pink sheet have on its future price. Hua Hong 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 Hong autocorrelation shows the relationship between Hua Hong pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hua Hong Semiconductor.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hua Pink Sheet
Hua Hong financial ratios help investors to determine whether Hua Pink Sheet 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 Hua with respect to the benefits of owning Hua Hong security.