Hsin Ba (Taiwan) Market Value
| 9906 Stock | TWD 126.50 0.50 0.40% |
| Symbol | Hsin |
Hsin Ba '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 Hsin Ba'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 Hsin Ba.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Hsin Ba on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Hsin Ba Ba or generate 0.0% return on investment in Hsin Ba over 720 days. Hsin Ba is related to or competes with Great China, Ton Yi, Ching Feng, Choice Development, and Taiwan Sakura. Hsin Ba Ba Corporation plans, designs, develops, sells, and rents commercial and residential buildings More
Hsin Ba 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 Hsin Ba'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 Hsin Ba Ba upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 14.92 | |||
| Value At Risk | (5.01) | |||
| Potential Upside | 4.08 |
Hsin Ba Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hsin Ba's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hsin Ba's standard deviation. In reality, there are many statistical measures that can use Hsin Ba historical prices to predict the future Hsin Ba's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (1.14) | |||
| Treynor Ratio | 1.66 |
Hsin Ba Ba Backtested Returns
Hsin Ba Ba holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of risk over the last 3 months. Hsin Ba Ba exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hsin Ba's Market Risk Adjusted Performance of 1.67, risk adjusted performance of (0.17), and Standard Deviation of 3.15 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hsin Ba are expected to decrease at a much lower rate. During the bear market, Hsin Ba is likely to outperform the market. At this point, Hsin Ba Ba has a negative expected return of -0.63%. Please make sure to check out Hsin Ba's coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Hsin Ba Ba performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Hsin Ba Ba has below average predictability. Overlapping area represents the amount of predictability between Hsin Ba time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Hsin Ba Ba price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Hsin Ba price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 2343.18 |
Hsin Ba Ba lagged returns against current returns
Autocorrelation, which is Hsin Ba 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 Hsin Ba's stock expected returns. We can calculate the autocorrelation of Hsin Ba returns to help us make a trade decision. For example, suppose you find that Hsin Ba 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 |
Hsin Ba 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 Hsin Ba stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hsin Ba stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hsin Ba stock over time.
Current vs Lagged Prices |
| Timeline |
Hsin Ba Lagged Returns
When evaluating Hsin Ba's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hsin Ba stock have on its future price. Hsin Ba 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, Hsin Ba autocorrelation shows the relationship between Hsin Ba stock current value and its past values and can show if there is a momentum factor associated with investing in Hsin Ba Ba.
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 Hsin Stock Analysis
When running Hsin Ba's price analysis, check to measure Hsin Ba'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 Hsin Ba is operating at the current time. Most of Hsin Ba's value examination focuses on studying past and present price action to predict the probability of Hsin Ba's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hsin Ba's price. Additionally, you may evaluate how the addition of Hsin Ba to your portfolios can decrease your overall portfolio volatility.