Hunya Foods (Taiwan) Market Value
| 1236 Stock | TWD 23.10 0.05 0.22% |
| Symbol | Hunya |
Hunya Foods '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 Hunya Foods' 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 Hunya Foods.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Hunya Foods on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hunya Foods Co or generate 0.0% return on investment in Hunya Foods over 270 days. Hunya Foods is related to or competes with Lian Hwa, Uni President, Taiwan Cement, Ruentex Development, Symtek Automation, CTCI Corp, and Information Technology. Hunya Foods Co., Ltd. manufactures, processes, and sells food solutions in Taiwan. More
Hunya Foods 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 Hunya Foods' 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 Hunya Foods Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 5.22 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.28 |
Hunya Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hunya Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hunya Foods' standard deviation. In reality, there are many statistical measures that can use Hunya Foods historical prices to predict the future Hunya Foods' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.25) |
Hunya Foods Backtested Returns
Hunya Foods holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Hunya Foods exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hunya Foods' Standard Deviation of 0.7974, market risk adjusted performance of (0.24), and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hunya Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hunya Foods is expected to be smaller as well. At this point, Hunya Foods has a negative expected return of -0.0863%. Please make sure to check out Hunya Foods' coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Hunya Foods performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
Hunya Foods Co has good reverse predictability. Overlapping area represents the amount of predictability between Hunya Foods time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 Hunya Foods price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Hunya Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Hunya Foods lagged returns against current returns
Autocorrelation, which is Hunya Foods 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 Hunya Foods' stock expected returns. We can calculate the autocorrelation of Hunya Foods returns to help us make a trade decision. For example, suppose you find that Hunya Foods 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 |
Hunya Foods 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 Hunya Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hunya Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hunya Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Hunya Foods Lagged Returns
When evaluating Hunya Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hunya Foods stock have on its future price. Hunya Foods 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, Hunya Foods autocorrelation shows the relationship between Hunya Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Hunya Foods Co.
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 Hunya Stock Analysis
When running Hunya Foods' price analysis, check to measure Hunya Foods' 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 Hunya Foods is operating at the current time. Most of Hunya Foods' value examination focuses on studying past and present price action to predict the probability of Hunya Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hunya Foods' price. Additionally, you may evaluate how the addition of Hunya Foods to your portfolios can decrease your overall portfolio volatility.