Hoya Corporation Stock Market Value
| HOCPF Stock | USD 133.86 4.26 3.29% |
| Symbol | HOYA |
HOYA '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 HOYA'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 HOYA.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in HOYA on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding HOYA Corporation or generate 0.0% return on investment in HOYA over 30 days. HOYA is related to or competes with Bionano Genomics, Intuitive Surgical, Innovative Eyewear, Stereotaxis, and Nexgel. HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide More
HOYA 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 HOYA'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 HOYA Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.62 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 25.31 | |||
| Value At Risk | (7.49) | |||
| Potential Upside | 8.96 |
HOYA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HOYA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HOYA's standard deviation. In reality, there are many statistical measures that can use HOYA historical prices to predict the future HOYA's volatility.| Risk Adjusted Performance | 0.0296 | |||
| Jensen Alpha | 0.1713 | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.18) |
HOYA Backtested Returns
HOYA holds Efficiency (Sharpe) Ratio of -0.0088, which attests that the entity had a -0.0088% return per unit of standard deviation over the last 3 months. HOYA exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HOYA's market risk adjusted performance of (0.17), and Risk Adjusted Performance of 0.0296 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HOYA are expected to decrease at a much lower rate. During the bear market, HOYA is likely to outperform the market. At this point, HOYA has a negative expected return of -0.0334%. Please make sure to check out HOYA's skewness, and the relationship between the potential upside and day median price , to decide if HOYA performance from the past will be repeated at some future point.
Auto-correlation | -0.66 |
Very good reverse predictability
HOYA Corporation has very good reverse predictability. Overlapping area represents the amount of predictability between HOYA time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 HOYA price movement. The serial correlation of -0.66 indicates that around 66.0% of current HOYA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 12.15 |
HOYA lagged returns against current returns
Autocorrelation, which is HOYA 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 HOYA's pink sheet expected returns. We can calculate the autocorrelation of HOYA returns to help us make a trade decision. For example, suppose you find that HOYA 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 |
HOYA 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 HOYA pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HOYA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HOYA pink sheet over time.
Current vs Lagged Prices |
| Timeline |
HOYA Lagged Returns
When evaluating HOYA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HOYA pink sheet have on its future price. HOYA 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, HOYA autocorrelation shows the relationship between HOYA pink sheet current value and its past values and can show if there is a momentum factor associated with investing in HOYA Corporation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HOYA Pink Sheet
HOYA financial ratios help investors to determine whether HOYA 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 HOYA with respect to the benefits of owning HOYA security.