Hsing Ta (Taiwan) Market Value
| 1109 Stock | TWD 18.45 0.15 0.82% |
| Symbol | Hsing |
Hsing Ta '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 Hsing Ta'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 Hsing Ta.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Hsing Ta on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hsing Ta Cement or generate 0.0% return on investment in Hsing Ta over 30 days. Hsing Ta is related to or competes with Cheng Shin, Taiwan Cement, China Steel, and Yulon. Hsing Ta Cement Company Limited primarily produces and markets cement and clinker in Taiwan More
Hsing Ta 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 Hsing Ta'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 Hsing Ta Cement upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6896 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.02 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 0.8357 |
Hsing Ta Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hsing Ta's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hsing Ta's standard deviation. In reality, there are many statistical measures that can use Hsing Ta historical prices to predict the future Hsing Ta's volatility.| Risk Adjusted Performance | 0.0046 | |||
| Jensen Alpha | 0.0018 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0694 |
Hsing Ta Cement Backtested Returns
At this stage we consider Hsing Stock to be very steady. Hsing Ta Cement holds Efficiency (Sharpe) Ratio of 0.003, which attests that the entity had a 0.003% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hsing Ta Cement, which you can use to evaluate the volatility of the firm. Please check out Hsing Ta's Market Risk Adjusted Performance of 0.0794, risk adjusted performance of 0.0046, and Downside Deviation of 0.6896 to validate if the risk estimate we provide is consistent with the expected return of 0.0018%. The company retains a Market Volatility (i.e., Beta) of -0.0599, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hsing Ta are expected to decrease at a much lower rate. During the bear market, Hsing Ta is likely to outperform the market. Hsing Ta Cement right now retains a risk of 0.6%. Please check out Hsing Ta downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Hsing Ta will be following its current trending patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Hsing Ta Cement has virtually no predictability. Overlapping area represents the amount of predictability between Hsing Ta time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 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 Hsing Ta Cement price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Hsing Ta price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hsing Ta Cement lagged returns against current returns
Autocorrelation, which is Hsing Ta 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 Hsing Ta's stock expected returns. We can calculate the autocorrelation of Hsing Ta returns to help us make a trade decision. For example, suppose you find that Hsing Ta 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 |
Hsing Ta 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 Hsing Ta stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hsing Ta stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hsing Ta stock over time.
Current vs Lagged Prices |
| Timeline |
Hsing Ta Lagged Returns
When evaluating Hsing Ta's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hsing Ta stock have on its future price. Hsing Ta 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, Hsing Ta autocorrelation shows the relationship between Hsing Ta stock current value and its past values and can show if there is a momentum factor associated with investing in Hsing Ta Cement.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Hsing Stock Analysis
When running Hsing Ta's price analysis, check to measure Hsing Ta'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 Hsing Ta is operating at the current time. Most of Hsing Ta's value examination focuses on studying past and present price action to predict the probability of Hsing Ta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hsing Ta's price. Additionally, you may evaluate how the addition of Hsing Ta to your portfolios can decrease your overall portfolio volatility.