Halcyon Technology (Thailand) Market Value
| HTECH Stock | THB 4.08 0.04 0.99% |
| Symbol | Halcyon |
Halcyon Technology '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 Halcyon Technology'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 Halcyon Technology.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Halcyon Technology on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Halcyon Technology Public or generate 0.0% return on investment in Halcyon Technology over 180 days. Halcyon Technology is related to or competes with Gulf Energy, Energy Absolute, WHA Public, Bangkok Expressway, AJ Plast, Kiatnakin Phatra, and RS Public. Halcyon Technology Public Company Limited, together with its subsidiaries, produces and sells cutting tools, jig and fix... More
Halcyon Technology 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 Halcyon Technology'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 Halcyon Technology Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.52 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 21.66 | |||
| Value At Risk | (3.90) | |||
| Potential Upside | 4.62 |
Halcyon Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Halcyon Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Halcyon Technology's standard deviation. In reality, there are many statistical measures that can use Halcyon Technology historical prices to predict the future Halcyon Technology's volatility.| Risk Adjusted Performance | 0.0237 | |||
| Jensen Alpha | 0.0382 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.3227 |
Halcyon Technology Public Backtested Returns
At this point, Halcyon Technology is relatively risky. Halcyon Technology Public holds Efficiency (Sharpe) Ratio of 0.0187, which attests that the entity had a 0.0187% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Halcyon Technology Public, which you can use to evaluate the volatility of the firm. Please check out Halcyon Technology's Risk Adjusted Performance of 0.0237, market risk adjusted performance of 0.3327, and Downside Deviation of 3.52 to validate if the risk estimate we provide is consistent with the expected return of 0.062%. Halcyon Technology has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Halcyon Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Halcyon Technology is expected to be smaller as well. Halcyon Technology Public right now retains a risk of 3.32%. Please check out Halcyon Technology total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to decide if Halcyon Technology will be following its current trending patterns.
Auto-correlation | 0.16 |
Very weak predictability
Halcyon Technology Public has very weak predictability. Overlapping area represents the amount of predictability between Halcyon Technology time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Halcyon Technology Public price movement. The serial correlation of 0.16 indicates that over 16.0% of current Halcyon Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Halcyon Technology Public lagged returns against current returns
Autocorrelation, which is Halcyon Technology 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 Halcyon Technology's stock expected returns. We can calculate the autocorrelation of Halcyon Technology returns to help us make a trade decision. For example, suppose you find that Halcyon Technology 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 |
Halcyon Technology 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 Halcyon Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Halcyon Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Halcyon Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Halcyon Technology Lagged Returns
When evaluating Halcyon Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Halcyon Technology stock have on its future price. Halcyon Technology 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, Halcyon Technology autocorrelation shows the relationship between Halcyon Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Halcyon Technology Public.
Regressed Prices |
| Timeline |
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Halcyon Technology financial ratios help investors to determine whether Halcyon Stock 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 Halcyon with respect to the benefits of owning Halcyon Technology security.