HiTi Digital (Taiwan) Market Value
| 3494 Stock | TWD 16.25 0.55 3.50% |
| Symbol | HiTi |
HiTi Digital '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 HiTi Digital'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 HiTi Digital.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in HiTi Digital on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding HiTi Digital or generate 0.0% return on investment in HiTi Digital over 30 days. HiTi Digital is related to or competes with ASRock, FIC Global, In Win, Getac Technology, and AOPEN. HiTi Digital, Inc. designs, manufactures, and sells digital imaging output systems in Taiwan and internationally. More
HiTi Digital 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 HiTi Digital'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 HiTi Digital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.1154 | |||
| Maximum Drawdown | 131.38 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.84 |
HiTi Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HiTi Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HiTi Digital's standard deviation. In reality, there are many statistical measures that can use HiTi Digital historical prices to predict the future HiTi Digital's volatility.| Risk Adjusted Performance | 0.1044 | |||
| Jensen Alpha | 1.7 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.7178 | |||
| Treynor Ratio | 1.36 |
HiTi Digital Backtested Returns
HiTi Digital is relatively risky given 3 months investment horizon. HiTi Digital holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of volatility over the last 3 months. We are able to interpolate and break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 2.03% are justified by taking the suggested risk. Use HiTi Digital market risk adjusted performance of 1.37, and Risk Adjusted Performance of 0.1044 to evaluate company specific risk that cannot be diversified away. HiTi Digital holds a performance score of 10 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.37, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HiTi Digital will likely underperform. Use HiTi Digital standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on HiTi Digital.
Auto-correlation | -0.99 |
Near perfect reversele predictability
HiTi Digital has near perfect reversele predictability. Overlapping area represents the amount of predictability between HiTi Digital time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 HiTi Digital price movement. The serial correlation of -0.99 indicates that 99.0% of current HiTi Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.99 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
HiTi Digital lagged returns against current returns
Autocorrelation, which is HiTi Digital 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 HiTi Digital's stock expected returns. We can calculate the autocorrelation of HiTi Digital returns to help us make a trade decision. For example, suppose you find that HiTi Digital 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 |
HiTi Digital 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 HiTi Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HiTi Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HiTi Digital stock over time.
Current vs Lagged Prices |
| Timeline |
HiTi Digital Lagged Returns
When evaluating HiTi Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HiTi Digital stock have on its future price. HiTi Digital 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, HiTi Digital autocorrelation shows the relationship between HiTi Digital stock current value and its past values and can show if there is a momentum factor associated with investing in HiTi Digital.
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 HiTi Stock Analysis
When running HiTi Digital's price analysis, check to measure HiTi Digital'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 HiTi Digital is operating at the current time. Most of HiTi Digital's value examination focuses on studying past and present price action to predict the probability of HiTi Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HiTi Digital's price. Additionally, you may evaluate how the addition of HiTi Digital to your portfolios can decrease your overall portfolio volatility.