Ho Tung (Taiwan) Market Value
| 1714 Stock | TWD 8.46 0.02 0.24% |
| Symbol | 1714 |
Ho Tung '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 Ho Tung'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 Ho Tung.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Ho Tung on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Ho Tung Chemical or generate 0.0% return on investment in Ho Tung over 540 days. Ho Tung is related to or competes with Everlight Chemical, China Man, Oriental Union, Grand Pacific, and Sunko Ink. Ho Tung Chemical Corp. develops, manufactures, markets, exports, and sells various chemical products in Taiwan, China, S... More
Ho Tung 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 Ho Tung'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 Ho Tung Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 4.89 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.58 |
Ho Tung Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ho Tung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ho Tung's standard deviation. In reality, there are many statistical measures that can use Ho Tung historical prices to predict the future Ho Tung's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.98) |
Ho Tung Chemical Backtested Returns
Ho Tung Chemical retains Efficiency (Sharpe Ratio) of -0.091, which attests that the entity had a -0.091% return per unit of price deviation over the last 3 months. Ho Tung exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ho Tung's Coefficient Of Variation of (1,002), market risk adjusted performance of (0.97), and Information Ratio of (0.25) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Ho Tung's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ho Tung is expected to be smaller as well. At this point, Ho Tung Chemical has a negative expected return of -0.085%. Please make sure to check out Ho Tung's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Ho Tung Chemical performance from the past will be repeated in the future.
Auto-correlation | -0.69 |
Very good reverse predictability
Ho Tung Chemical has very good reverse predictability. Overlapping area represents the amount of predictability between Ho Tung time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Ho Tung Chemical price movement. The serial correlation of -0.69 indicates that around 69.0% of current Ho Tung price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Ho Tung Chemical lagged returns against current returns
Autocorrelation, which is Ho Tung 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 Ho Tung's stock expected returns. We can calculate the autocorrelation of Ho Tung returns to help us make a trade decision. For example, suppose you find that Ho Tung 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 |
Ho Tung 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 Ho Tung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ho Tung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ho Tung stock over time.
Current vs Lagged Prices |
| Timeline |
Ho Tung Lagged Returns
When evaluating Ho Tung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ho Tung stock have on its future price. Ho Tung 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, Ho Tung autocorrelation shows the relationship between Ho Tung stock current value and its past values and can show if there is a momentum factor associated with investing in Ho Tung Chemical.
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 1714 Stock Analysis
When running Ho Tung's price analysis, check to measure Ho Tung'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 Ho Tung is operating at the current time. Most of Ho Tung's value examination focuses on studying past and present price action to predict the probability of Ho Tung's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ho Tung's price. Additionally, you may evaluate how the addition of Ho Tung to your portfolios can decrease your overall portfolio volatility.