Hung Chou (Taiwan) Market Value
| 1413 Stock | TWD 11.85 0.10 0.85% |
| Symbol | Hung |
Hung Chou '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 Hung Chou'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 Hung Chou.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Hung Chou on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Hung Chou Fiber or generate 0.0% return on investment in Hung Chou over 90 days. Hung Chou is related to or competes with Emerging Display, Elitegroup Computer, Sunfar Computer, Thinking Electronic, Tai Tung, Shiny Chemical, and Wonderful. Co., Ltd manufactures and sells polyester filaments in Taiwan More
Hung Chou 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 Hung Chou'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 Hung Chou Fiber upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.1602 | |||
| Maximum Drawdown | 9.8 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 2.83 |
Hung Chou Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hung Chou's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hung Chou's standard deviation. In reality, there are many statistical measures that can use Hung Chou historical prices to predict the future Hung Chou's volatility.| Risk Adjusted Performance | 0.0872 | |||
| Jensen Alpha | 0.0954 | |||
| Total Risk Alpha | 0.3261 | |||
| Sortino Ratio | 0.1418 | |||
| Treynor Ratio | (0.37) |
Hung Chou Fiber Backtested Returns
At this stage we consider Hung Stock to be not too volatile. Hung Chou Fiber holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hung Chou Fiber, which you can use to evaluate the volatility of the firm. Please check out Hung Chou's Risk Adjusted Performance of 0.0872, market risk adjusted performance of (0.36), and Downside Deviation of 1.72 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Hung Chou has a performance score of 11 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hung Chou are expected to decrease at a much lower rate. During the bear market, Hung Chou is likely to outperform the market. Hung Chou Fiber right now retains a risk of 1.19%. Please check out Hung Chou coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Hung Chou will be following its current trending patterns.
Auto-correlation | 0.54 |
Modest predictability
Hung Chou Fiber has modest predictability. Overlapping area represents the amount of predictability between Hung Chou time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Hung Chou Fiber price movement. The serial correlation of 0.54 indicates that about 54.0% of current Hung Chou price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Hung Chou Fiber lagged returns against current returns
Autocorrelation, which is Hung Chou 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 Hung Chou's stock expected returns. We can calculate the autocorrelation of Hung Chou returns to help us make a trade decision. For example, suppose you find that Hung Chou 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 |
Hung Chou 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 Hung Chou stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hung Chou stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hung Chou stock over time.
Current vs Lagged Prices |
| Timeline |
Hung Chou Lagged Returns
When evaluating Hung Chou's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hung Chou stock have on its future price. Hung Chou 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, Hung Chou autocorrelation shows the relationship between Hung Chou stock current value and its past values and can show if there is a momentum factor associated with investing in Hung Chou Fiber.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Hung Stock Analysis
When running Hung Chou's price analysis, check to measure Hung Chou'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 Hung Chou is operating at the current time. Most of Hung Chou's value examination focuses on studying past and present price action to predict the probability of Hung Chou's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hung Chou's price. Additionally, you may evaluate how the addition of Hung Chou to your portfolios can decrease your overall portfolio volatility.