Ji Haw (Taiwan) Market Value
| 3011 Stock | TWD 27.10 1.10 4.23% |
| Symbol | 3011 |
Ji Haw '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 Ji Haw'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 Ji Haw.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Ji Haw on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Ji Haw Industrial Co or generate 0.0% return on investment in Ji Haw over 390 days. Ji Haw is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. JiHaw Industrial Co., Ltd. engages in the research, manufacture, and marketing of information technology and communication cords and connectors in Taiwan, China, and Thailand. More
Ji Haw 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 Ji Haw'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 Ji Haw Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 12.53 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 5.24 |
Ji Haw Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ji Haw's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ji Haw's standard deviation. In reality, there are many statistical measures that can use Ji Haw historical prices to predict the future Ji Haw's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.19) |
Ji Haw Industrial Backtested Returns
Ji Haw Industrial retains Efficiency (Sharpe Ratio) of -0.0475, which attests that the entity had a -0.0475% return per unit of price deviation over the last 3 months. Ji Haw exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Ji Haw's Market Risk Adjusted Performance of (0.18), coefficient of variation of (3,050), and Information Ratio of (0.08) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Ji Haw's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ji Haw is expected to be smaller as well. At this point, Ji Haw Industrial has a negative expected return of -0.12%. Please make sure to check out Ji Haw's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Ji Haw Industrial performance from the past will be repeated in the future.
Auto-correlation | 0.33 |
Below average predictability
Ji Haw Industrial Co has below average predictability. Overlapping area represents the amount of predictability between Ji Haw time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 Ji Haw Industrial price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Ji Haw price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 2.53 |
Ji Haw Industrial lagged returns against current returns
Autocorrelation, which is Ji Haw 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 Ji Haw's stock expected returns. We can calculate the autocorrelation of Ji Haw returns to help us make a trade decision. For example, suppose you find that Ji Haw 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 |
Ji Haw 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 Ji Haw stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ji Haw stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ji Haw stock over time.
Current vs Lagged Prices |
| Timeline |
Ji Haw Lagged Returns
When evaluating Ji Haw's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ji Haw stock have on its future price. Ji Haw 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, Ji Haw autocorrelation shows the relationship between Ji Haw stock current value and its past values and can show if there is a momentum factor associated with investing in Ji Haw Industrial Co.
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 3011 Stock Analysis
When running Ji Haw's price analysis, check to measure Ji Haw'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 Ji Haw is operating at the current time. Most of Ji Haw's value examination focuses on studying past and present price action to predict the probability of Ji Haw's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ji Haw's price. Additionally, you may evaluate how the addition of Ji Haw to your portfolios can decrease your overall portfolio volatility.