Taiwan Hon (Taiwan) Market Value
| 9939 Stock | TWD 152.50 2.50 1.67% |
| Symbol | Taiwan |
Taiwan Hon '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 Taiwan Hon'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 Taiwan Hon.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Taiwan Hon on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Hon Chuan or generate 0.0% return on investment in Taiwan Hon over 30 days. Taiwan Hon is related to or competes with Century Iron, Easywell Biomedicals, Chung Hung, China Steel, Ever Clear, Yeou Yih, and Hannstar Display. Taiwan Hon Chuan Enterprise Co., Ltd. manufactures and sells various packaging materials for the food and beverage indus... More
Taiwan Hon 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 Taiwan Hon'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 Taiwan Hon Chuan upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.51 | |||
| Value At Risk | (2.23) | |||
| Potential Upside | 2.22 |
Taiwan Hon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Hon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Hon's standard deviation. In reality, there are many statistical measures that can use Taiwan Hon historical prices to predict the future Taiwan Hon's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.2621 |
Taiwan Hon Chuan Backtested Returns
Taiwan Hon Chuan owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.061, which indicates the firm had a -0.061% return per unit of risk over the last 3 months. Taiwan Hon Chuan exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Taiwan Hon's Variance of 2.24, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,554) to confirm the risk estimate we provide. The entity has a beta of -0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Taiwan Hon are expected to decrease at a much lower rate. During the bear market, Taiwan Hon is likely to outperform the market. At this point, Taiwan Hon Chuan has a negative expected return of -0.0914%. Please make sure to validate Taiwan Hon's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Taiwan Hon Chuan performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Taiwan Hon Chuan has insignificant reverse predictability. Overlapping area represents the amount of predictability between Taiwan Hon time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Taiwan Hon Chuan price movement. The serial correlation of -0.19 indicates that over 19.0% of current Taiwan Hon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 5.91 |
Taiwan Hon Chuan lagged returns against current returns
Autocorrelation, which is Taiwan Hon 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 Taiwan Hon's stock expected returns. We can calculate the autocorrelation of Taiwan Hon returns to help us make a trade decision. For example, suppose you find that Taiwan Hon 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 |
Taiwan Hon 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 Taiwan Hon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Hon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Hon stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Hon Lagged Returns
When evaluating Taiwan Hon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Hon stock have on its future price. Taiwan Hon 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, Taiwan Hon autocorrelation shows the relationship between Taiwan Hon stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Hon Chuan.
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 Taiwan Stock Analysis
When running Taiwan Hon's price analysis, check to measure Taiwan Hon'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 Taiwan Hon is operating at the current time. Most of Taiwan Hon's value examination focuses on studying past and present price action to predict the probability of Taiwan Hon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Hon's price. Additionally, you may evaluate how the addition of Taiwan Hon to your portfolios can decrease your overall portfolio volatility.