Hong Ho (Taiwan) Market Value
| 1446 Stock | TWD 54.80 0.70 1.29% |
| Symbol | Hong |
Hong Ho '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 Hong Ho'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 Hong Ho.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Hong Ho on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Hong Ho Precision or generate 0.0% return on investment in Hong Ho over 360 days. Hong Ho is related to or competes with Everest Textile, Hong Yi, Yi Jinn, Carnival Industrial, and Chyang Sheng. Hong Ho Precision Textile Co. Ltd. operates as a vertical integrated fabric manufacturer from textured yarn production through preparation, weaving, and dyeing process in Taiwan. More
Hong Ho 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 Hong Ho'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 Hong Ho Precision upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.88 | |||
| Information Ratio | 0.0371 | |||
| Maximum Drawdown | 16.47 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 5.13 |
Hong Ho Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hong Ho's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hong Ho's standard deviation. In reality, there are many statistical measures that can use Hong Ho historical prices to predict the future Hong Ho's volatility.| Risk Adjusted Performance | 0.0734 | |||
| Jensen Alpha | 0.2564 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0359 | |||
| Treynor Ratio | (1.16) |
Hong Ho Precision Backtested Returns
Hong Ho appears to be very steady, given 3 months investment horizon. Hong Ho Precision holds Efficiency (Sharpe) Ratio of 0.0768, which attests that the entity had a 0.0768% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hong Ho Precision, which you can use to evaluate the volatility of the firm. Please utilize Hong Ho's Market Risk Adjusted Performance of (1.15), downside deviation of 2.88, and Risk Adjusted Performance of 0.0734 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hong Ho holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hong Ho are expected to decrease at a much lower rate. During the bear market, Hong Ho is likely to outperform the market. Please check Hong Ho's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Hong Ho's current trending patterns will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Hong Ho Precision has modest reverse predictability. Overlapping area represents the amount of predictability between Hong Ho time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Hong Ho Precision price movement. The serial correlation of -0.46 indicates that about 46.0% of current Hong Ho price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 17.69 |
Hong Ho Precision lagged returns against current returns
Autocorrelation, which is Hong Ho 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 Hong Ho's stock expected returns. We can calculate the autocorrelation of Hong Ho returns to help us make a trade decision. For example, suppose you find that Hong Ho 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 |
Hong Ho 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 Hong Ho stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hong Ho stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hong Ho stock over time.
Current vs Lagged Prices |
| Timeline |
Hong Ho Lagged Returns
When evaluating Hong Ho's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hong Ho stock have on its future price. Hong Ho 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, Hong Ho autocorrelation shows the relationship between Hong Ho stock current value and its past values and can show if there is a momentum factor associated with investing in Hong Ho Precision.
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 Hong Stock Analysis
When running Hong Ho's price analysis, check to measure Hong Ho'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 Hong Ho is operating at the current time. Most of Hong Ho's value examination focuses on studying past and present price action to predict the probability of Hong Ho's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hong Ho's price. Additionally, you may evaluate how the addition of Hong Ho to your portfolios can decrease your overall portfolio volatility.