Hi Sun Technology Stock Market Value
| HISNF Stock | USD 0.03 0.00 0.00% |
| Symbol | HISNF |
Hi Sun '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 Hi Sun's pink sheet 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 Hi Sun.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Hi Sun on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Hi Sun Technology or generate 0.0% return on investment in Hi Sun over 390 days. Hi Sun is related to or competes with Taoping, Global Blue, Bridgeline Digital, Skkynet Cloud, and Zenvia. Hi Sun Technology Limited, an investment holding company, provides payment processing, platform operation, and financial... More
Hi Sun 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 Hi Sun's pink sheet 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 Hi Sun Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 54.29 |
Hi Sun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hi Sun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hi Sun's standard deviation. In reality, there are many statistical measures that can use Hi Sun historical prices to predict the future Hi Sun's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.85) | |||
| Total Risk Alpha | (1.95) | |||
| Treynor Ratio | (6.00) |
Hi Sun Technology Backtested Returns
Hi Sun Technology retains Efficiency (Sharpe Ratio) of -0.13, which attests that the entity had a -0.13% return per unit of price deviation over the last 3 months. Hi Sun exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hi Sun's Market Risk Adjusted Performance of (5.99), coefficient of variation of (812.40), and Information Ratio of (0.14) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hi Sun's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hi Sun is expected to be smaller as well. At this point, Hi Sun Technology has a negative expected return of -0.86%. Please make sure to check out Hi Sun's variance, as well as the relationship between the skewness and day typical price , to decide if Hi Sun Technology performance from the past will be repeated in the future.
Auto-correlation | 0.00 |
No correlation between past and present
Hi Sun Technology has no correlation between past and present. Overlapping area represents the amount of predictability between Hi Sun time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Hi Sun Technology price movement. The serial correlation of 0.0 indicates that just 0.0% of current Hi Sun price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hi Sun Technology lagged returns against current returns
Autocorrelation, which is Hi Sun pink sheet'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 Hi Sun's pink sheet expected returns. We can calculate the autocorrelation of Hi Sun returns to help us make a trade decision. For example, suppose you find that Hi Sun has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Hi Sun 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 Hi Sun pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hi Sun pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hi Sun pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hi Sun Lagged Returns
When evaluating Hi Sun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hi Sun pink sheet have on its future price. Hi Sun 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, Hi Sun autocorrelation shows the relationship between Hi Sun pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hi Sun Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HISNF Pink Sheet
Hi Sun financial ratios help investors to determine whether HISNF Pink Sheet 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 HISNF with respect to the benefits of owning Hi Sun security.