Hua Hong's market value is the price at which a share of Hua Hong trades on a public exchange. It measures the collective expectations of Hua Hong Semiconductor investors about its performance. Hua Hong is trading at 2.48 as of the 7th of January 2025. This is a 1.59 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.48. With this module, you can estimate the performance of a buy and hold strategy of Hua Hong Semiconductor and determine expected loss or profit from investing in Hua Hong over a given investment horizon. Check out Hua Hong Correlation, Hua Hong Volatility and Hua Hong Alpha and Beta module to complement your research on Hua Hong.
Please note, there is a significant difference between Hua Hong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hua Hong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hua Hong's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hua Hong '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 Hua Hong'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 Hua Hong.
0.00
12/08/2024
No Change 0.00
0.0
In 30 days
01/07/2025
0.00
If you would invest 0.00 in Hua Hong on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Hua Hong Semiconductor or generate 0.0% return on investment in Hua Hong over 30 days. Hua Hong is related to or competes with Coor Service, Sims Metal, SANOK RUBBER, THRACE PLASTICS, Rayonier Advanced, Vulcan Materials, and Perdoceo Education. Hua Hong Semiconductor Limited, an investment holding company, manufactures and sells semiconductor products More
Hua Hong 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 Hua Hong'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 Hua Hong Semiconductor upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hua Hong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hua Hong's standard deviation. In reality, there are many statistical measures that can use Hua Hong historical prices to predict the future Hua Hong's volatility.
Hua Hong Semiconductor holds Efficiency (Sharpe) Ratio of -0.0421, which attests that the entity had a -0.0421% return per unit of standard deviation over the last 3 months. Hua Hong Semiconductor exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hua Hong's market risk adjusted performance of (0.30), and Risk Adjusted Performance of 0.0619 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.27, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Hua Hong are expected to decrease by larger amounts. On the other hand, during market turmoil, Hua Hong is expected to outperform it. At this point, Hua Hong Semiconductor has a negative expected return of -0.15%. Please make sure to check out Hua Hong's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Hua Hong Semiconductor performance from the past will be repeated at some point in the near future.
Auto-correlation
0.44
Average predictability
Hua Hong Semiconductor has average predictability. Overlapping area represents the amount of predictability between Hua Hong time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hua Hong Semiconductor price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Hua Hong price fluctuation can be explain by its past prices.
Correlation Coefficient
0.44
Spearman Rank Test
-0.03
Residual Average
0.0
Price Variance
0.01
Hua Hong Semiconductor lagged returns against current returns
Autocorrelation, which is Hua Hong 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 Hua Hong's stock expected returns. We can calculate the autocorrelation of Hua Hong returns to help us make a trade decision. For example, suppose you find that Hua Hong 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
Hua Hong 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 Hua Hong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hua Hong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hua Hong stock over time.
Current vs Lagged Prices
Timeline
Hua Hong Lagged Returns
When evaluating Hua Hong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hua Hong stock have on its future price. Hua Hong 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, Hua Hong autocorrelation shows the relationship between Hua Hong stock current value and its past values and can show if there is a momentum factor associated with investing in Hua Hong Semiconductor.
Hua Hong financial ratios help investors to determine whether Hua Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hua with respect to the benefits of owning Hua Hong security.