Honyi International (Taiwan) Market Value
| 4530 Stock | TWD 28.00 0.70 2.56% |
| Symbol | Honyi |
Please note, there is a significant difference between Honyi International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Honyi International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Honyi International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Honyi International '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 Honyi International'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 Honyi International.
| 12/16/2025 |
| 01/15/2026 |
If you would invest 0.00 in Honyi International on December 16, 2025 and sell it all today you would earn a total of 0.00 from holding Honyi International or generate 0.0% return on investment in Honyi International over 30 days. Honyi International is related to or competes with Mustang Industrial, Sun Sea, BH Global, Lung Pien, Jian Sin, and Xu Yuan. More
Honyi International 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 Honyi International'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 Honyi International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 17.53 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 5.86 |
Honyi International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Honyi International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Honyi International's standard deviation. In reality, there are many statistical measures that can use Honyi International historical prices to predict the future Honyi International's volatility.| Risk Adjusted Performance | 0.0149 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.45) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0397 |
Honyi International Backtested Returns
At this stage we consider Honyi Stock to be not too volatile. Honyi International holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Honyi International, which you can use to evaluate the volatility of the firm. Please check out Honyi International's Downside Deviation of 2.93, market risk adjusted performance of 0.0497, and Risk Adjusted Performance of 0.0149 to validate if the risk estimate we provide is consistent with the expected return of 0.0184%. The company retains a Market Volatility (i.e., Beta) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Honyi International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Honyi International is expected to be smaller as well. Honyi International right now retains a risk of 3.15%. Please check out Honyi International information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Honyi International will be following its current trending patterns.
Auto-correlation | -0.06 |
Very weak reverse predictability
Honyi International has very weak reverse predictability. Overlapping area represents the amount of predictability between Honyi International time series from 16th of December 2025 to 31st of December 2025 and 31st of December 2025 to 15th of January 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Honyi International price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Honyi International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
Honyi International lagged returns against current returns
Autocorrelation, which is Honyi International 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 Honyi International's stock expected returns. We can calculate the autocorrelation of Honyi International returns to help us make a trade decision. For example, suppose you find that Honyi International 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 |
Honyi International 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 Honyi International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Honyi International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Honyi International stock over time.
Current vs Lagged Prices |
| Timeline |
Honyi International Lagged Returns
When evaluating Honyi International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Honyi International stock have on its future price. Honyi International 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, Honyi International autocorrelation shows the relationship between Honyi International stock current value and its past values and can show if there is a momentum factor associated with investing in Honyi International.
Regressed Prices |
| Timeline |
Pair Trading with Honyi International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Honyi International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Honyi International will appreciate offsetting losses from the drop in the long position's value.Moving against Honyi Stock
| 0.73 | 2412 | Chunghwa Telecom | PairCorr |
| 0.55 | 5355 | Gia Tzoong Enterprise | PairCorr |
| 0.52 | 1584 | S Tech Corp | PairCorr |
| 0.48 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.43 | 5348 | Empower Technology | PairCorr |
The ability to find closely correlated positions to Honyi International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Honyi International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Honyi International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Honyi International to buy it.
The correlation of Honyi International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Honyi International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Honyi International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Honyi International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Honyi Stock Analysis
When running Honyi International's price analysis, check to measure Honyi International'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 Honyi International is operating at the current time. Most of Honyi International's value examination focuses on studying past and present price action to predict the probability of Honyi International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honyi International's price. Additionally, you may evaluate how the addition of Honyi International to your portfolios can decrease your overall portfolio volatility.