Highwealth Construction (Taiwan) Market Value
| 2542 Stock | TWD 46.05 0.50 1.07% |
| Symbol | Highwealth |
Highwealth Construction '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 Highwealth Construction'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 Highwealth Construction.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Highwealth Construction on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Highwealth Construction Corp or generate 0.0% return on investment in Highwealth Construction over 30 days. Highwealth Construction is related to or competes with Tainan Spinning, Carnival Industrial, Symtek Automation, CTCI Corp, Information Technology, Kinko Optical, and Zinwell. Highwealth Construction Corp., together with its subsidiaries, engages in the construction, sale, and leasing of residen... More
Highwealth Construction 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 Highwealth Construction'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 Highwealth Construction Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 24.88 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.5 |
Highwealth Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highwealth Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highwealth Construction's standard deviation. In reality, there are many statistical measures that can use Highwealth Construction historical prices to predict the future Highwealth Construction's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (0.44) |
Highwealth Construction Backtested Returns
Highwealth Construction holds Efficiency (Sharpe) Ratio of -0.0896, which attests that the entity had a -0.0896% return per unit of risk over the last 3 months. Highwealth Construction exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Highwealth Construction's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.43), and Standard Deviation of 2.95 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Highwealth Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Highwealth Construction is expected to be smaller as well. At this point, Highwealth Construction has a negative expected return of -0.26%. Please make sure to check out Highwealth Construction's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Highwealth Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Highwealth Construction Corp has very good predictability. Overlapping area represents the amount of predictability between Highwealth Construction time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Highwealth Construction price movement. The serial correlation of 0.83 indicates that around 83.0% of current Highwealth Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Highwealth Construction lagged returns against current returns
Autocorrelation, which is Highwealth Construction 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 Highwealth Construction's stock expected returns. We can calculate the autocorrelation of Highwealth Construction returns to help us make a trade decision. For example, suppose you find that Highwealth Construction 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 |
Highwealth Construction 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 Highwealth Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highwealth Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highwealth Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Highwealth Construction Lagged Returns
When evaluating Highwealth Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highwealth Construction stock have on its future price. Highwealth Construction 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, Highwealth Construction autocorrelation shows the relationship between Highwealth Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Highwealth Construction Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Highwealth Stock Analysis
When running Highwealth Construction's price analysis, check to measure Highwealth Construction'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 Highwealth Construction is operating at the current time. Most of Highwealth Construction's value examination focuses on studying past and present price action to predict the probability of Highwealth Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highwealth Construction's price. Additionally, you may evaluate how the addition of Highwealth Construction to your portfolios can decrease your overall portfolio volatility.