HTC Corp (Taiwan) Market Value
| 2498 Stock | TWD 43.00 0.05 0.12% |
| Symbol | HTC |
HTC Corp '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 HTC Corp'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 HTC Corp.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in HTC Corp on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding HTC Corp or generate 0.0% return on investment in HTC Corp over 360 days. HTC Corp is related to or competes with Hon Hai, MediaTek, Acer, Asustek Computer, and AU Optronics. HTC Corporation, together with its subsidiaries, designs, manufactures, assembles, processes, and sells smart mobile and... More
HTC Corp 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 HTC Corp'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 HTC Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.5 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 3.53 |
HTC Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HTC Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HTC Corp's standard deviation. In reality, there are many statistical measures that can use HTC Corp historical prices to predict the future HTC Corp's volatility.| Risk Adjusted Performance | 0.0155 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0972 |
HTC Corp Backtested Returns
HTC Corp retains Efficiency (Sharpe Ratio) of -0.0295, which attests that the entity had a -0.0295% return per unit of return volatility over the last 3 months. HTC Corp exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HTC Corp's Market Risk Adjusted Performance of 0.1072, downside deviation of 1.85, and Semi Deviation of 1.67 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HTC Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding HTC Corp is expected to be smaller as well. At this point, HTC Corp has a negative expected return of -0.0649%. Please make sure to check out HTC Corp's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if HTC Corp performance from the past will be repeated in the future.
Auto-correlation | -0.31 |
Poor reverse predictability
HTC Corp has poor reverse predictability. Overlapping area represents the amount of predictability between HTC Corp time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 HTC Corp price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current HTC Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 7.18 |
HTC Corp lagged returns against current returns
Autocorrelation, which is HTC Corp 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 HTC Corp's stock expected returns. We can calculate the autocorrelation of HTC Corp returns to help us make a trade decision. For example, suppose you find that HTC Corp 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 |
HTC Corp 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 HTC Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HTC Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HTC Corp stock over time.
Current vs Lagged Prices |
| Timeline |
HTC Corp Lagged Returns
When evaluating HTC Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HTC Corp stock have on its future price. HTC Corp 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, HTC Corp autocorrelation shows the relationship between HTC Corp stock current value and its past values and can show if there is a momentum factor associated with investing in HTC Corp.
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 HTC Stock Analysis
When running HTC Corp's price analysis, check to measure HTC Corp'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 HTC Corp is operating at the current time. Most of HTC Corp's value examination focuses on studying past and present price action to predict the probability of HTC Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HTC Corp's price. Additionally, you may evaluate how the addition of HTC Corp to your portfolios can decrease your overall portfolio volatility.