Hsin Kao (Taiwan) Market Value
| 9931 Stock | TWD 34.25 0.25 0.72% |
| Symbol | Hsin |
Hsin Kao '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 Kao'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 Kao.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Hsin Kao on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Hsin Kao Gas or generate 0.0% return on investment in Hsin Kao over 360 days. Hsin Kao is related to or competes with Great Taipei, Shin Shin, Shin Hai, National Petroleum, and Taiwan Cogeneration. ,Ltd. supplies natural gas for domestic and commercial use in Taiwan More
Hsin Kao 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 Kao'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 Kao Gas upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 3.81 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.01 |
Hsin Kao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hsin Kao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hsin Kao's standard deviation. In reality, there are many statistical measures that can use Hsin Kao historical prices to predict the future Hsin Kao's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.24) |
Hsin Kao Gas Backtested Returns
At this stage we consider Hsin Stock to be very steady. Hsin Kao Gas holds Efficiency (Sharpe) Ratio of 0.0203, which attests that the entity had a 0.0203% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Hsin Kao Gas, which you can use to evaluate the volatility of the firm. Please check out Hsin Kao's Market Risk Adjusted Performance of (0.23), standard deviation of 0.7397, and Risk Adjusted Performance of (0.04) to validate if the risk estimate we provide is consistent with the expected return of 0.0139%. Hsin Kao has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hsin Kao's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hsin Kao is expected to be smaller as well. Hsin Kao Gas right now retains a risk of 0.69%. Please check out Hsin Kao jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Hsin Kao will be following its current trending patterns.
Auto-correlation | 0.74 |
Good predictability
Hsin Kao Gas has good predictability. Overlapping area represents the amount of predictability between Hsin Kao time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Kao Gas price movement. The serial correlation of 0.74 indicates that around 74.0% of current Hsin Kao price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Hsin Kao Gas lagged returns against current returns
Autocorrelation, which is Hsin Kao 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 Kao's stock expected returns. We can calculate the autocorrelation of Hsin Kao returns to help us make a trade decision. For example, suppose you find that Hsin Kao 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 Kao 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 Kao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hsin Kao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hsin Kao stock over time.
Current vs Lagged Prices |
| Timeline |
Hsin Kao Lagged Returns
When evaluating Hsin Kao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hsin Kao stock have on its future price. Hsin Kao 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 Kao autocorrelation shows the relationship between Hsin Kao stock current value and its past values and can show if there is a momentum factor associated with investing in Hsin Kao Gas.
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 Hsin Stock Analysis
When running Hsin Kao's price analysis, check to measure Hsin Kao'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 Kao is operating at the current time. Most of Hsin Kao's value examination focuses on studying past and present price action to predict the probability of Hsin Kao'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 Kao's price. Additionally, you may evaluate how the addition of Hsin Kao to your portfolios can decrease your overall portfolio volatility.