Huaku Development (Taiwan) Market Value
| 2548 Stock | TWD 125.00 3.00 2.46% |
| Symbol | Huaku |
Huaku Development '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 Huaku Development'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 Huaku Development.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Huaku Development on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Huaku Development Co or generate 0.0% return on investment in Huaku Development over 30 days. Huaku Development is related to or competes with Chong Hong, Highwealth Construction, Fubon Financial, CTBC Financial, and Farglory Land. Huaku Development Co., Ltd. constructs, rents, and sells residential and commercial buildings in Taiwan and China More
Huaku Development 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 Huaku Development'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 Huaku Development Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 9.9 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 2.54 |
Huaku Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huaku Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huaku Development's standard deviation. In reality, there are many statistical measures that can use Huaku Development historical prices to predict the future Huaku Development's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.74) |
Huaku Development Backtested Returns
Huaku Development holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of standard deviation over the last 3 months. Huaku Development exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Huaku Development's market risk adjusted performance of (0.73), and Risk Adjusted Performance of (0.1) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Huaku Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding Huaku Development is expected to be smaller as well. At this point, Huaku Development has a negative expected return of -0.2%. Please make sure to check out Huaku Development's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Huaku Development performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Huaku Development Co has good predictability. Overlapping area represents the amount of predictability between Huaku Development time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Huaku Development price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Huaku Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 3.29 |
Huaku Development lagged returns against current returns
Autocorrelation, which is Huaku Development 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 Huaku Development's stock expected returns. We can calculate the autocorrelation of Huaku Development returns to help us make a trade decision. For example, suppose you find that Huaku Development 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 |
Huaku Development 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 Huaku Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huaku Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huaku Development stock over time.
Current vs Lagged Prices |
| Timeline |
Huaku Development Lagged Returns
When evaluating Huaku Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huaku Development stock have on its future price. Huaku Development 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, Huaku Development autocorrelation shows the relationship between Huaku Development stock current value and its past values and can show if there is a momentum factor associated with investing in Huaku Development Co.
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 Huaku Stock Analysis
When running Huaku Development's price analysis, check to measure Huaku Development'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 Huaku Development is operating at the current time. Most of Huaku Development's value examination focuses on studying past and present price action to predict the probability of Huaku Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Huaku Development's price. Additionally, you may evaluate how the addition of Huaku Development to your portfolios can decrease your overall portfolio volatility.