I Hwa (Taiwan) Market Value
| 1456 Stock | TWD 17.45 0.40 2.24% |
| Symbol | 1456 |
I Hwa '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 I Hwa'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 I Hwa.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in I Hwa on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding I Hwa Industrial Co or generate 0.0% return on investment in I Hwa over 60 days. I Hwa is related to or competes with Yulon Finance, Taiwan Secom, Pou Chen, and Great Wall. IHWA Industrial Co., Ltd. engages in the manufacture, dyeing, and finishing of textiles in Taiwan. More
I Hwa 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 I Hwa'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 I Hwa Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 13.97 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 3.92 |
I Hwa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for I Hwa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as I Hwa's standard deviation. In reality, there are many statistical measures that can use I Hwa historical prices to predict the future I Hwa's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (2.17) |
I Hwa Industrial Backtested Returns
I Hwa Industrial holds Efficiency (Sharpe) Ratio of -0.1, which attests that the company had a -0.1% return per unit of risk over the last 3 months. I Hwa Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out I Hwa's coefficient of variation of (955.65), and Standard Deviation of 2.35 to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, I Hwa's returns are expected to increase less than the market. However, during the bear market, the loss of holding I Hwa is expected to be smaller as well. At this point, I Hwa Industrial has a negative expected return of -0.24%. Please make sure to check out I Hwa's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if I Hwa Industrial performance from the past will be repeated sooner or later.
Auto-correlation | 0.11 |
Insignificant predictability
I Hwa Industrial Co has insignificant predictability. Overlapping area represents the amount of predictability between I Hwa time series from 28th of September 2024 to 28th of October 2024 and 28th 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 I Hwa Industrial price movement. The serial correlation of 0.11 indicates that less than 11.0% of current I Hwa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
I Hwa Industrial lagged returns against current returns
Autocorrelation, which is I Hwa 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 I Hwa's stock expected returns. We can calculate the autocorrelation of I Hwa returns to help us make a trade decision. For example, suppose you find that I Hwa 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 |
I Hwa 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 I Hwa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if I Hwa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in I Hwa stock over time.
Current vs Lagged Prices |
| Timeline |
I Hwa Lagged Returns
When evaluating I Hwa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of I Hwa stock have on its future price. I Hwa 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, I Hwa autocorrelation shows the relationship between I Hwa stock current value and its past values and can show if there is a momentum factor associated with investing in I Hwa Industrial 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 1456 Stock Analysis
When running I Hwa's price analysis, check to measure I Hwa'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 I Hwa is operating at the current time. Most of I Hwa's value examination focuses on studying past and present price action to predict the probability of I Hwa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move I Hwa's price. Additionally, you may evaluate how the addition of I Hwa to your portfolios can decrease your overall portfolio volatility.