Hey Song (Taiwan) Market Value
| 1234 Stock | TWD 41.70 0.15 0.36% |
| Symbol | Hey |
Hey Song '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 Hey Song'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 Hey Song.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Hey Song on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Hey Song Corp or generate 0.0% return on investment in Hey Song over 30 days. Hey Song is related to or competes with Great Wall, and Uni President. Hey-Song Corporation produces and sells beverages primarily in Taiwan More
Hey Song 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 Hey Song'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 Hey Song Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.91 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 0.5959 |
Hey Song Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hey Song's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hey Song's standard deviation. In reality, there are many statistical measures that can use Hey Song historical prices to predict the future Hey Song's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.55) |
Hey Song Corp Backtested Returns
Hey Song Corp holds Efficiency (Sharpe) Ratio of -0.0626, which attests that the entity had a -0.0626% return per unit of risk over the last 3 months. Hey Song Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hey Song's Risk Adjusted Performance of (0.05), standard deviation of 0.4602, and Market Risk Adjusted Performance of (0.54) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0657, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hey Song's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hey Song is expected to be smaller as well. At this point, Hey Song Corp has a negative expected return of -0.0295%. Please make sure to check out Hey Song's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Hey Song Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.03 |
Very weak reverse predictability
Hey Song Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Hey Song time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Hey Song Corp price movement. The serial correlation of -0.03 indicates that only 3.0% of current Hey Song price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Hey Song Corp lagged returns against current returns
Autocorrelation, which is Hey Song 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 Hey Song's stock expected returns. We can calculate the autocorrelation of Hey Song returns to help us make a trade decision. For example, suppose you find that Hey Song 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 |
Hey Song 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 Hey Song stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hey Song stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hey Song stock over time.
Current vs Lagged Prices |
| Timeline |
Hey Song Lagged Returns
When evaluating Hey Song's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hey Song stock have on its future price. Hey Song 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, Hey Song autocorrelation shows the relationship between Hey Song stock current value and its past values and can show if there is a momentum factor associated with investing in Hey Song 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 Hey Stock Analysis
When running Hey Song's price analysis, check to measure Hey Song'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 Hey Song is operating at the current time. Most of Hey Song's value examination focuses on studying past and present price action to predict the probability of Hey Song's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hey Song's price. Additionally, you may evaluate how the addition of Hey Song to your portfolios can decrease your overall portfolio volatility.