Hwa Fong (Thailand) Market Value
| HFT Stock | THB 4.16 0.08 1.89% |
| Symbol | Hwa |
Hwa Fong '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 Hwa Fong'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 Hwa Fong.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hwa Fong on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hwa Fong Rubber or generate 0.0% return on investment in Hwa Fong over 90 days. Hwa Fong is related to or competes with SCB X, Kasikornbank Public, PTT Public, Kasikornbank Public, Siam Commercial, PTT Public, and Bangkok Bank. Hwa Fong Rubber Public Company Limited, together with its subsidiaries, manufactures and distributes tires and inner tub... More
Hwa Fong 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 Hwa Fong'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 Hwa Fong Rubber upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 6.56 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.78 |
Hwa Fong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hwa Fong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hwa Fong's standard deviation. In reality, there are many statistical measures that can use Hwa Fong historical prices to predict the future Hwa Fong's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (2.51) |
Hwa Fong Rubber Backtested Returns
Hwa Fong is out of control given 3 months investment horizon. Hwa Fong Rubber holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of standard deviation over the last 3 months. We were able to interpolate and analyze data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.4% are justified by taking the suggested risk. Use Hwa Fong Rubber market risk adjusted performance of (2.50), and Risk Adjusted Performance of (0.07) to evaluate company specific risk that cannot be diversified away. Hwa Fong holds a performance score of 8 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.0408, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hwa Fong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hwa Fong is expected to be smaller as well. Use Hwa Fong Rubber market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to analyze future returns on Hwa Fong Rubber.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Hwa Fong Rubber has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hwa Fong time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Hwa Fong Rubber price movement. The serial correlation of -0.18 indicates that over 18.0% of current Hwa Fong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hwa Fong Rubber lagged returns against current returns
Autocorrelation, which is Hwa Fong 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 Hwa Fong's stock expected returns. We can calculate the autocorrelation of Hwa Fong returns to help us make a trade decision. For example, suppose you find that Hwa Fong 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 |
Hwa Fong 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 Hwa Fong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hwa Fong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hwa Fong stock over time.
Current vs Lagged Prices |
| Timeline |
Hwa Fong Lagged Returns
When evaluating Hwa Fong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hwa Fong stock have on its future price. Hwa Fong 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, Hwa Fong autocorrelation shows the relationship between Hwa Fong stock current value and its past values and can show if there is a momentum factor associated with investing in Hwa Fong Rubber.
Regressed Prices |
| Timeline |
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Hwa Fong financial ratios help investors to determine whether Hwa Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hwa with respect to the benefits of owning Hwa Fong security.