Hon Hai's market value is the price at which a share of Hon Hai trades on a public exchange. It measures the collective expectations of Hon Hai Precision investors about its performance. Hon Hai is trading at 10.50 as of the 3rd of February 2025. This is a 0.94% down since the beginning of the trading day. The stock's lowest day price was 10.5. With this module, you can estimate the performance of a buy and hold strategy of Hon Hai Precision and determine expected loss or profit from investing in Hon Hai over a given investment horizon. Check out Hon Hai Correlation, Hon Hai Volatility and Hon Hai Alpha and Beta module to complement your research on Hon Hai.
Please note, there is a significant difference between Hon Hai's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hon Hai is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hon Hai's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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 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 Hon Hai.
0.00
01/04/2025
No Change 0.00
0.0
In 30 days
02/03/2025
0.00
If you would invest 0.00 in Hon Hai on January 4, 2025 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 AT S, Alps Electric, Bitmine Immersion, American Aires, Ouster, Common, Kopin, and Vicor. Hon Hai Precision Industry Co., Ltd. provides technology solutions in Japan, Ireland, the United States, Singapore, Chin... 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 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 Hon Hai Precision upside and downside potential and time the market with a certain degree of confidence.
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.
Hon Hai Precision holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19 % return per unit of risk over the last 3 months. Hon Hai Precision exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hon Hai's Standard Deviation of 1.98, market risk adjusted performance of (0.96), and Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.35, 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. At this point, Hon Hai Precision has a negative expected return of -0.38%. Please make sure to check out Hon Hai's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Hon Hai Precision performance from the past will be repeated at some point in the near future.
Auto-correlation
0.89
Very good predictability
Hon Hai Precision has very good predictability. Overlapping area represents the amount of predictability between Hon Hai time series from 4th of January 2025 to 19th of January 2025 and 19th of January 2025 to 3rd of February 2025. 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 0.89 indicates that approximately 89.0% of current Hon Hai price fluctuation can be explain by its past prices.
Correlation Coefficient
0.89
Spearman Rank Test
0.32
Residual Average
0.0
Price Variance
0.08
Hon Hai Precision lagged returns against current returns
Autocorrelation, which is Hon Hai 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 Hon Hai's pink sheet 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 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
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hon Hai pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hon Hai pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hon Hai Precision.
Hon Hai financial ratios help investors to determine whether Hon 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 Hon with respect to the benefits of owning Hon Hai security.