HORNG SHIUE (Taiwan) Market Value
| 2243 Stock | TWD 12.00 0.20 1.69% |
| Symbol | HORNG |
HORNG SHIUE '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 HORNG SHIUE'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 HORNG SHIUE.
| 12/21/2025 |
| 01/20/2026 |
If you would invest 0.00 in HORNG SHIUE on December 21, 2025 and sell it all today you would earn a total of 0.00 from holding HORNG SHIUE HOLDING or generate 0.0% return on investment in HORNG SHIUE over 30 days. HORNG SHIUE is related to or competes with Globe Industries, Polygreen Resources, Jui Li, TOPBI International, Hakers Enterprise, and Vietnam Manufacturing. HORNG SHIUE HOLDING Co., Ltd. manufactures and supplies automobile body-in-white molds and inspection tools More
HORNG SHIUE 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 HORNG SHIUE'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 HORNG SHIUE HOLDING upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.34 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 3.04 |
HORNG SHIUE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HORNG SHIUE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HORNG SHIUE's standard deviation. In reality, there are many statistical measures that can use HORNG SHIUE historical prices to predict the future HORNG SHIUE's volatility.| Risk Adjusted Performance | (0.0005) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.43) |
HORNG SHIUE HOLDING Backtested Returns
HORNG SHIUE HOLDING holds Efficiency (Sharpe) Ratio of -0.0168, which attests that the entity had a -0.0168 % return per unit of volatility over the last 3 months. HORNG SHIUE HOLDING exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HORNG SHIUE's market risk adjusted performance of (0.42), and Risk Adjusted Performance of (0.0005) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0703, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HORNG SHIUE's returns are expected to increase less than the market. However, during the bear market, the loss of holding HORNG SHIUE is expected to be smaller as well. At this point, HORNG SHIUE HOLDING has a negative expected return of -0.0341%. Please make sure to check out HORNG SHIUE's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if HORNG SHIUE HOLDING performance from the past will be repeated at future time.
Auto-correlation | 0.56 |
Modest predictability
HORNG SHIUE HOLDING has modest predictability. Overlapping area represents the amount of predictability between HORNG SHIUE time series from 21st of December 2025 to 5th of January 2026 and 5th of January 2026 to 20th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HORNG SHIUE HOLDING price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current HORNG SHIUE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
HORNG SHIUE HOLDING lagged returns against current returns
Autocorrelation, which is HORNG SHIUE 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 HORNG SHIUE's stock expected returns. We can calculate the autocorrelation of HORNG SHIUE returns to help us make a trade decision. For example, suppose you find that HORNG SHIUE 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 |
HORNG SHIUE 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 HORNG SHIUE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HORNG SHIUE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HORNG SHIUE stock over time.
Current vs Lagged Prices |
| Timeline |
HORNG SHIUE Lagged Returns
When evaluating HORNG SHIUE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HORNG SHIUE stock have on its future price. HORNG SHIUE 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, HORNG SHIUE autocorrelation shows the relationship between HORNG SHIUE stock current value and its past values and can show if there is a momentum factor associated with investing in HORNG SHIUE HOLDING.
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 HORNG Stock Analysis
When running HORNG SHIUE's price analysis, check to measure HORNG SHIUE'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 HORNG SHIUE is operating at the current time. Most of HORNG SHIUE's value examination focuses on studying past and present price action to predict the probability of HORNG SHIUE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HORNG SHIUE's price. Additionally, you may evaluate how the addition of HORNG SHIUE to your portfolios can decrease your overall portfolio volatility.