Hon Hai (UK) Market Value
| HHPD Stock | 12.40 0.04 0.32% |
| Symbol | Hon |
Hon Hai '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 Hon Hai'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 Hon Hai.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Hon Hai on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hon Hai Precision or generate 0.0% return on investment in Hon Hai over 30 days. Hon Hai is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, Reliance Industries, State Bank, and Halyk Bank. Hon Hai is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Hon Hai 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 Hon Hai'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 Hon Hai Precision upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | 0.0133 | |||
| Maximum Drawdown | 8.38 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 3.14 |
Hon Hai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hon Hai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hon Hai's standard deviation. In reality, there are many statistical measures that can use Hon Hai historical prices to predict the future Hon Hai's volatility.| Risk Adjusted Performance | 0.0582 | |||
| Jensen Alpha | 0.0758 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0132 | |||
| Treynor Ratio | 0.2495 |
Hon Hai Precision Backtested Returns
Currently, Hon Hai Precision is not too volatile. Hon Hai Precision holds Efficiency (Sharpe) Ratio of 0.0798, which attests that the entity had a 0.0798% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hon Hai Precision, which you can use to evaluate the volatility of the firm. Please check out Hon Hai's Risk Adjusted Performance of 0.0582, market risk adjusted performance of 0.2595, and Downside Deviation of 2.02 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Hon Hai has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hon Hai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hon Hai is expected to be smaller as well. Hon Hai Precision right now retains a risk of 1.95%. Please check out Hon Hai standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Hon Hai will be following its current trending patterns.
Auto-correlation | 0.20 |
Weak predictability
Hon Hai Precision has weak predictability. Overlapping area represents the amount of predictability between Hon Hai time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Hon Hai Precision price movement. The serial correlation of 0.2 indicates that over 20.0% of current Hon Hai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Hon Hai Precision lagged returns against current returns
Autocorrelation, which is Hon Hai 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 Hon Hai's stock expected returns. We can calculate the autocorrelation of Hon Hai returns to help us make a trade decision. For example, suppose you find that Hon Hai 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 |
Hon Hai 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 Hon Hai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hon Hai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hon Hai stock over time.
Current vs Lagged Prices |
| Timeline |
Hon Hai Lagged Returns
When evaluating Hon Hai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hon Hai stock have on its future price. Hon Hai 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, Hon Hai autocorrelation shows the relationship between Hon Hai stock current value and its past values and can show if there is a momentum factor associated with investing in Hon Hai Precision.
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 Hon Stock Analysis
When running Hon Hai's price analysis, check to measure Hon Hai'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 Hon Hai is operating at the current time. Most of Hon Hai's value examination focuses on studying past and present price action to predict the probability of Hon Hai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hon Hai's price. Additionally, you may evaluate how the addition of Hon Hai to your portfolios can decrease your overall portfolio volatility.