Hoya Corp Stock Market Value
| HOCPY Stock | USD 125.83 1.03 0.81% |
| Symbol | Hoya |
Hoya Corp '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 Corp'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 Corp.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Hoya Corp on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Hoya Corp or generate 0.0% return on investment in Hoya Corp over 720 days. Hoya Corp is related to or competes with Sysmex Corp, Straumann Holding, Coloplast A/S, Essilor International, EssilorLuxottica, Carl Zeiss, and Becton Dickinson. HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide More
Hoya Corp 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 Corp'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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.3 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 3.27 |
Hoya Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hoya Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hoya Corp's standard deviation. In reality, there are many statistical measures that can use Hoya Corp historical prices to predict the future Hoya Corp's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.08) |
Hoya Corp Backtested Returns
Hoya Corp 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. Hoya Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hoya Corp's Standard Deviation of 1.95, market risk adjusted performance of (0.07), and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.32, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hoya Corp will likely underperform. At this point, Hoya Corp has a negative expected return of -0.15%. Please make sure to check out Hoya Corp's value at risk and rate of daily change , to decide if Hoya Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Hoya Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Hoya Corp time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Corp price movement. The serial correlation of -0.23 indicates that over 23.0% of current Hoya Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 73.81 |
Hoya Corp lagged returns against current returns
Autocorrelation, which is Hoya Corp 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 Corp's pink sheet expected returns. We can calculate the autocorrelation of Hoya Corp returns to help us make a trade decision. For example, suppose you find that Hoya Corp 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 Corp 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 Corp pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hoya Corp 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 Corp pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hoya Corp Lagged Returns
When evaluating Hoya Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hoya Corp pink sheet have on its future price. Hoya Corp 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 Corp autocorrelation shows the relationship between Hoya Corp pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hoya Corp.
Regressed Prices |
| Timeline |
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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 Hoya Pink Sheet Analysis
When running Hoya Corp's price analysis, check to measure Hoya Corp'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 Hoya Corp is operating at the current time. Most of Hoya Corp's value examination focuses on studying past and present price action to predict the probability of Hoya Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hoya Corp's price. Additionally, you may evaluate how the addition of Hoya Corp to your portfolios can decrease your overall portfolio volatility.