Heran (Taiwan) Market Value
| 5283 Stock | TWD 104.50 0.50 0.48% |
| Symbol | Heran |
Heran '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 Heran'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 Heran.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Heran on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Heran Co or generate 0.0% return on investment in Heran over 30 days. Heran is related to or competes with Topco Scientific, Zeng Hsing, Stark Technology, Huaku Development, and Radiant Opto. Heran Co., Ltd. manufactures and sells home appliances in Taiwan More
Heran 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 Heran'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 Heran Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9994 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.66 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 0.9615 |
Heran Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heran's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heran's standard deviation. In reality, there are many statistical measures that can use Heran historical prices to predict the future Heran's volatility.| Risk Adjusted Performance | 0.017 | |||
| Jensen Alpha | 0.0038 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.2485 |
Heran Backtested Returns
At this stage we consider Heran Stock to be very steady. Heran holds Efficiency (Sharpe) Ratio of 0.0133, which attests that the entity had a 0.0133% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Heran, which you can use to evaluate the volatility of the firm. Please check out Heran's Downside Deviation of 0.9994, risk adjusted performance of 0.017, and Market Risk Adjusted Performance of 0.2585 to validate if the risk estimate we provide is consistent with the expected return of 0.0109%. Heran has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0298, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Heran's returns are expected to increase less than the market. However, during the bear market, the loss of holding Heran is expected to be smaller as well. Heran right now retains a risk of 0.83%. Please check out Heran jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Heran will be following its current trending patterns.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Heran Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Heran 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 Heran price movement. The serial correlation of -0.2 indicates that over 20.0% of current Heran price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Heran lagged returns against current returns
Autocorrelation, which is Heran 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 Heran's stock expected returns. We can calculate the autocorrelation of Heran returns to help us make a trade decision. For example, suppose you find that Heran 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 |
Heran 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 Heran stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heran stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heran stock over time.
Current vs Lagged Prices |
| Timeline |
Heran Lagged Returns
When evaluating Heran's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heran stock have on its future price. Heran 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, Heran autocorrelation shows the relationship between Heran stock current value and its past values and can show if there is a momentum factor associated with investing in Heran Co.
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 Heran Stock Analysis
When running Heran's price analysis, check to measure Heran'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 Heran is operating at the current time. Most of Heran's value examination focuses on studying past and present price action to predict the probability of Heran's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heran's price. Additionally, you may evaluate how the addition of Heran to your portfolios can decrease your overall portfolio volatility.