Strong H (Taiwan) Market Value
| 4560 Stock | TWD 33.50 0.50 1.47% |
| Symbol | Strong |
Strong H '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 Strong H'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 Strong H.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Strong H on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Strong H Machinery or generate 0.0% return on investment in Strong H over 510 days. Strong H is related to or competes with Tong Tai, Hiwin Mikrosystem, Symtek Automation, CTCI Corp, Information Technology, SYN Tech, and Giant Manufacturing. Strong H Machinery Technology Incorporation, together with its subsidiaries, manufactures and sells sewing machine spare... More
Strong H 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 Strong H'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 Strong H Machinery upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 5.99 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.51 |
Strong H Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Strong H's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Strong H's standard deviation. In reality, there are many statistical measures that can use Strong H historical prices to predict the future Strong H's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.18) |
Strong H Machinery Backtested Returns
Strong H Machinery owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0256, which indicates the firm had a -0.0256% return per unit of risk over the last 3 months. Strong H Machinery exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Strong H's Risk Adjusted Performance of (0.01), variance of 1.14, and Coefficient Of Variation of (5,014) to confirm the risk estimate we provide. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Strong H's returns are expected to increase less than the market. However, during the bear market, the loss of holding Strong H is expected to be smaller as well. At this point, Strong H Machinery has a negative expected return of -0.0273%. Please make sure to validate Strong H's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Strong H Machinery performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Strong H Machinery has modest reverse predictability. Overlapping area represents the amount of predictability between Strong H time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Strong H Machinery price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Strong H price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 2.73 |
Strong H Machinery lagged returns against current returns
Autocorrelation, which is Strong H 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 Strong H's stock expected returns. We can calculate the autocorrelation of Strong H returns to help us make a trade decision. For example, suppose you find that Strong H 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 |
Strong H 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 Strong H stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Strong H stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Strong H stock over time.
Current vs Lagged Prices |
| Timeline |
Strong H Lagged Returns
When evaluating Strong H's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Strong H stock have on its future price. Strong H 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, Strong H autocorrelation shows the relationship between Strong H stock current value and its past values and can show if there is a momentum factor associated with investing in Strong H Machinery.
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 Strong Stock Analysis
When running Strong H's price analysis, check to measure Strong H'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 Strong H is operating at the current time. Most of Strong H's value examination focuses on studying past and present price action to predict the probability of Strong H's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Strong H's price. Additionally, you may evaluate how the addition of Strong H to your portfolios can decrease your overall portfolio volatility.