Honmyue Enterprise (Taiwan) Market Value
| 1474 Stock | TWD 12.90 0.05 0.39% |
| Symbol | Honmyue |
Honmyue Enterprise '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 Honmyue Enterprise'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 Honmyue Enterprise.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Honmyue Enterprise on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Honmyue Enterprise Co or generate 0.0% return on investment in Honmyue Enterprise over 720 days. Honmyue Enterprise is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Honmyue Enterprise Co., Ltd. operates as a fabric and textile manufacturer in Taiwan More
Honmyue Enterprise 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 Honmyue Enterprise'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 Honmyue Enterprise Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.0182 | |||
| Maximum Drawdown | 14.23 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 2.21 |
Honmyue Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Honmyue Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Honmyue Enterprise's standard deviation. In reality, there are many statistical measures that can use Honmyue Enterprise historical prices to predict the future Honmyue Enterprise's volatility.| Risk Adjusted Performance | 0.0669 | |||
| Jensen Alpha | 0.1577 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0159 | |||
| Treynor Ratio | (1.94) |
Honmyue Enterprise Backtested Returns
At this stage we consider Honmyue Stock to be not too volatile. Honmyue Enterprise holds Efficiency (Sharpe) Ratio of 0.0592, which attests that the entity had a 0.0592% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Honmyue Enterprise, which you can use to evaluate the volatility of the firm. Please check out Honmyue Enterprise's Downside Deviation of 2.16, risk adjusted performance of 0.0669, and Market Risk Adjusted Performance of (1.93) to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Honmyue Enterprise has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0768, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Honmyue Enterprise are expected to decrease at a much lower rate. During the bear market, Honmyue Enterprise is likely to outperform the market. Honmyue Enterprise right now retains a risk of 1.94%. Please check out Honmyue Enterprise semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Honmyue Enterprise will be following its current trending patterns.
Auto-correlation | 0.22 |
Weak predictability
Honmyue Enterprise Co has weak predictability. Overlapping area represents the amount of predictability between Honmyue Enterprise time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Honmyue Enterprise price movement. The serial correlation of 0.22 indicates that over 22.0% of current Honmyue Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Honmyue Enterprise lagged returns against current returns
Autocorrelation, which is Honmyue Enterprise 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 Honmyue Enterprise's stock expected returns. We can calculate the autocorrelation of Honmyue Enterprise returns to help us make a trade decision. For example, suppose you find that Honmyue Enterprise 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 |
Honmyue Enterprise 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 Honmyue Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Honmyue Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Honmyue Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
Honmyue Enterprise Lagged Returns
When evaluating Honmyue Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Honmyue Enterprise stock have on its future price. Honmyue Enterprise 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, Honmyue Enterprise autocorrelation shows the relationship between Honmyue Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in Honmyue Enterprise Co.
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 Honmyue Stock Analysis
When running Honmyue Enterprise's price analysis, check to measure Honmyue Enterprise'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 Honmyue Enterprise is operating at the current time. Most of Honmyue Enterprise's value examination focuses on studying past and present price action to predict the probability of Honmyue Enterprise's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honmyue Enterprise's price. Additionally, you may evaluate how the addition of Honmyue Enterprise to your portfolios can decrease your overall portfolio volatility.