Nien Hsing (Taiwan) Market Value
| 1451 Stock | TWD 20.90 0.10 0.48% |
| Symbol | Nien |
Nien Hsing '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 Nien Hsing'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 Nien Hsing.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Nien Hsing on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nien Hsing Textile or generate 0.0% return on investment in Nien Hsing over 90 days. Nien Hsing is related to or competes with Tainan Enterprises, De Licacy, Taiwan Styrene, Kaulin Mfg, and Tex Ray. Nien Hsing Textile Co., Ltd. manufactures and sells yarns, denim fabrics, jeans, and knitwear worldwide More
Nien Hsing 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 Nien Hsing'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 Nien Hsing Textile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6975 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.72 | |||
| Value At Risk | (1.00) | |||
| Potential Upside | 1.22 |
Nien Hsing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nien Hsing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nien Hsing's standard deviation. In reality, there are many statistical measures that can use Nien Hsing historical prices to predict the future Nien Hsing's volatility.| Risk Adjusted Performance | 0.0591 | |||
| Jensen Alpha | 0.0486 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (12.03) |
Nien Hsing Textile Backtested Returns
At this stage we consider Nien Stock to be very steady. Nien Hsing Textile has Sharpe Ratio of 0.0818, which conveys that the firm had a 0.0818% return per unit of risk over the last 3 months. We have found thirty technical indicators for Nien Hsing, which you can use to evaluate the volatility of the firm. Please verify Nien Hsing's Risk Adjusted Performance of 0.0591, mean deviation of 0.5535, and Downside Deviation of 0.6975 to check out if the risk estimate we provide is consistent with the expected return of 0.0618%. Nien Hsing has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.004, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nien Hsing are expected to decrease at a much lower rate. During the bear market, Nien Hsing is likely to outperform the market. Nien Hsing Textile right now secures a risk of 0.75%. Please verify Nien Hsing Textile market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Nien Hsing Textile will be following its current price movements.
Auto-correlation | 0.49 |
Average predictability
Nien Hsing Textile has average predictability. Overlapping area represents the amount of predictability between Nien Hsing time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Nien Hsing Textile price movement. The serial correlation of 0.49 indicates that about 49.0% of current Nien Hsing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Nien Hsing Textile lagged returns against current returns
Autocorrelation, which is Nien Hsing 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 Nien Hsing's stock expected returns. We can calculate the autocorrelation of Nien Hsing returns to help us make a trade decision. For example, suppose you find that Nien Hsing 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 |
Nien Hsing 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 Nien Hsing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nien Hsing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nien Hsing stock over time.
Current vs Lagged Prices |
| Timeline |
Nien Hsing Lagged Returns
When evaluating Nien Hsing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nien Hsing stock have on its future price. Nien Hsing 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, Nien Hsing autocorrelation shows the relationship between Nien Hsing stock current value and its past values and can show if there is a momentum factor associated with investing in Nien Hsing Textile.
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 Nien Stock Analysis
When running Nien Hsing's price analysis, check to measure Nien Hsing'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 Nien Hsing is operating at the current time. Most of Nien Hsing's value examination focuses on studying past and present price action to predict the probability of Nien Hsing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nien Hsing's price. Additionally, you may evaluate how the addition of Nien Hsing to your portfolios can decrease your overall portfolio volatility.