HannsTouch Solution (Taiwan) Market Value
| 3049 Stock | TWD 10.50 0.10 0.94% |
| Symbol | HannsTouch |
HannsTouch Solution '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 HannsTouch Solution'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 HannsTouch Solution.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in HannsTouch Solution on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding HannsTouch Solution or generate 0.0% return on investment in HannsTouch Solution over 30 days. HannsTouch Solution is related to or competes with Hannstar Display, Amtran Technology, AU Optronics, Optimax Technology, and Qisda Corp. HannsTouch Solution Incorporated engages in the research, development, production, and sale of touch panels in Taiwan More
HannsTouch Solution 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 HannsTouch Solution'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 HannsTouch Solution upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.0167 | |||
| Maximum Drawdown | 17.34 | |||
| Value At Risk | (4.50) | |||
| Potential Upside | 9.79 |
HannsTouch Solution Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HannsTouch Solution's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HannsTouch Solution's standard deviation. In reality, there are many statistical measures that can use HannsTouch Solution historical prices to predict the future HannsTouch Solution's volatility.| Risk Adjusted Performance | 0.0499 | |||
| Jensen Alpha | 0.1927 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | 0.0209 | |||
| Treynor Ratio | (4.69) |
HannsTouch Solution Backtested Returns
HannsTouch Solution appears to be somewhat reliable, given 3 months investment horizon. HannsTouch Solution holds Efficiency (Sharpe) Ratio of 0.0802, which attests that the entity had a 0.0802% return per unit of risk over the last 3 months. We have found thirty technical indicators for HannsTouch Solution, which you can use to evaluate the volatility of the firm. Please utilize HannsTouch Solution's Market Risk Adjusted Performance of (4.68), risk adjusted performance of 0.0499, and Downside Deviation of 2.87 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HannsTouch Solution holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -0.04, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HannsTouch Solution are expected to decrease at a much lower rate. During the bear market, HannsTouch Solution is likely to outperform the market. Please check HannsTouch Solution's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether HannsTouch Solution's current trending patterns will revert.
Auto-correlation | 0.70 |
Good predictability
HannsTouch Solution has good predictability. Overlapping area represents the amount of predictability between HannsTouch Solution time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 HannsTouch Solution price movement. The serial correlation of 0.7 indicates that around 70.0% of current HannsTouch Solution price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
HannsTouch Solution lagged returns against current returns
Autocorrelation, which is HannsTouch Solution 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 HannsTouch Solution's stock expected returns. We can calculate the autocorrelation of HannsTouch Solution returns to help us make a trade decision. For example, suppose you find that HannsTouch Solution 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 |
HannsTouch Solution 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 HannsTouch Solution stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HannsTouch Solution stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HannsTouch Solution stock over time.
Current vs Lagged Prices |
| Timeline |
HannsTouch Solution Lagged Returns
When evaluating HannsTouch Solution's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HannsTouch Solution stock have on its future price. HannsTouch Solution 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, HannsTouch Solution autocorrelation shows the relationship between HannsTouch Solution stock current value and its past values and can show if there is a momentum factor associated with investing in HannsTouch Solution.
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 HannsTouch Stock Analysis
When running HannsTouch Solution's price analysis, check to measure HannsTouch Solution'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 HannsTouch Solution is operating at the current time. Most of HannsTouch Solution's value examination focuses on studying past and present price action to predict the probability of HannsTouch Solution's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HannsTouch Solution's price. Additionally, you may evaluate how the addition of HannsTouch Solution to your portfolios can decrease your overall portfolio volatility.