Hana Microelectronics (Germany) Market Value
| NVAX Stock | EUR 0.73 0.01 1.35% |
| Symbol | Hana |
Hana Microelectronics '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 Hana Microelectronics' 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 Hana Microelectronics.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Hana Microelectronics on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Hana Microelectronics Public or generate 0.0% return on investment in Hana Microelectronics over 210 days. Hana Microelectronics is related to or competes with China Communications, THAI BEVERAGE, Chunghwa Telecom, Entravision Communications, Gamma Communications, Singapore Telecommunicatio, and Shenandoah Telecommunicatio. Hana Microelectronics Public Company Limited, together with its subsidiaries, manufactures and trades in electronic comp... More
Hana Microelectronics 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 Hana Microelectronics' 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 Hana Microelectronics Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.63 | |||
| Information Ratio | 0.0254 | |||
| Maximum Drawdown | 18.41 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 4.55 |
Hana Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hana Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hana Microelectronics' standard deviation. In reality, there are many statistical measures that can use Hana Microelectronics historical prices to predict the future Hana Microelectronics' volatility.| Risk Adjusted Performance | 0.0442 | |||
| Jensen Alpha | 0.3139 | |||
| Total Risk Alpha | (0.81) | |||
| Sortino Ratio | 0.0464 | |||
| Treynor Ratio | (2.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hana Microelectronics' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hana Microelectronics Backtested Returns
Hana Microelectronics appears to be out of control, given 3 months investment horizon. Hana Microelectronics holds Efficiency (Sharpe) Ratio of 0.0432, which attests that the entity had a 0.0432% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hana Microelectronics, which you can use to evaluate the volatility of the firm. Please utilize Hana Microelectronics' Risk Adjusted Performance of 0.0442, downside deviation of 3.63, and Market Risk Adjusted Performance of (2.09) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hana Microelectronics holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hana Microelectronics are expected to decrease at a much lower rate. During the bear market, Hana Microelectronics is likely to outperform the market. Please check Hana Microelectronics' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Hana Microelectronics' current trending patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Hana Microelectronics Public has very weak predictability. Overlapping area represents the amount of predictability between Hana Microelectronics time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Hana Microelectronics price movement. The serial correlation of 0.16 indicates that over 16.0% of current Hana Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hana Microelectronics lagged returns against current returns
Autocorrelation, which is Hana Microelectronics 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 Hana Microelectronics' stock expected returns. We can calculate the autocorrelation of Hana Microelectronics returns to help us make a trade decision. For example, suppose you find that Hana Microelectronics 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 |
Hana Microelectronics 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 Hana Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hana Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hana Microelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
Hana Microelectronics Lagged Returns
When evaluating Hana Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hana Microelectronics stock have on its future price. Hana Microelectronics 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, Hana Microelectronics autocorrelation shows the relationship between Hana Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Hana Microelectronics Public.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hana Stock
Hana Microelectronics financial ratios help investors to determine whether Hana 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 Hana with respect to the benefits of owning Hana Microelectronics security.