Hannstar Display (Taiwan) Market Value
| 6116 Stock | TWD 8.84 0.12 1.34% |
| Symbol | Hannstar |
Hannstar Display '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 Hannstar Display'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 Hannstar Display.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hannstar Display on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hannstar Display Corp or generate 0.0% return on investment in Hannstar Display over 30 days. Hannstar Display is related to or competes with Sitronix Technology, Elan Microelectronics, Global Unichip, and Holtek Semiconductor. HannStar Display Corporation engages in the research and development, design, manufacture, sale, service, and maintenanc... More
Hannstar Display 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 Hannstar Display'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 Hannstar Display Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.99 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.51 |
Hannstar Display Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hannstar Display's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hannstar Display's standard deviation. In reality, there are many statistical measures that can use Hannstar Display historical prices to predict the future Hannstar Display's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.15) |
Hannstar Display Corp Backtested Returns
Hannstar Display Corp holds Efficiency (Sharpe) Ratio of -0.024, which attests that the entity had a -0.024% return per unit of risk over the last 3 months. Hannstar Display Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hannstar Display's Standard Deviation of 1.36, insignificant risk adjusted performance, and Market Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hannstar Display's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hannstar Display is expected to be smaller as well. At this point, Hannstar Display Corp has a negative expected return of -0.0328%. Please make sure to check out Hannstar Display's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Hannstar Display Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Hannstar Display Corp has very weak predictability. Overlapping area represents the amount of predictability between Hannstar Display 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 Hannstar Display Corp price movement. The serial correlation of 0.16 indicates that over 16.0% of current Hannstar Display price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hannstar Display Corp lagged returns against current returns
Autocorrelation, which is Hannstar Display 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 Hannstar Display's stock expected returns. We can calculate the autocorrelation of Hannstar Display returns to help us make a trade decision. For example, suppose you find that Hannstar Display 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 |
Hannstar Display 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 Hannstar Display stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hannstar Display stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hannstar Display stock over time.
Current vs Lagged Prices |
| Timeline |
Hannstar Display Lagged Returns
When evaluating Hannstar Display's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hannstar Display stock have on its future price. Hannstar Display 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, Hannstar Display autocorrelation shows the relationship between Hannstar Display stock current value and its past values and can show if there is a momentum factor associated with investing in Hannstar Display Corp.
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 Hannstar Stock Analysis
When running Hannstar Display's price analysis, check to measure Hannstar Display'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 Hannstar Display is operating at the current time. Most of Hannstar Display's value examination focuses on studying past and present price action to predict the probability of Hannstar Display's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hannstar Display's price. Additionally, you may evaluate how the addition of Hannstar Display to your portfolios can decrease your overall portfolio volatility.