Hota Industrial (Taiwan) Market Value
| 1536 Stock | TWD 61.30 1.50 2.51% |
| Symbol | Hota |
Hota Industrial '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 Hota Industrial'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 Hota Industrial.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Hota Industrial on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Hota Industrial Mfg or generate 0.0% return on investment in Hota Industrial over 30 days. Hota Industrial is related to or competes with Feng Tay, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Information Technology, and Kinko Optical. Co., Ltd. designs, manufactures, and sells precision auto transmission components worldwide More
Hota Industrial 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 Hota Industrial'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 Hota Industrial Mfg upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.91 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 5.5 |
Hota Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hota Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hota Industrial's standard deviation. In reality, there are many statistical measures that can use Hota Industrial historical prices to predict the future Hota Industrial's volatility.| Risk Adjusted Performance | 0.0143 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0161 |
Hota Industrial Mfg Backtested Returns
At this stage we consider Hota Stock to be very steady. Hota Industrial Mfg holds Efficiency (Sharpe) Ratio of 0.0375, which attests that the entity had a 0.0375% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hota Industrial Mfg, which you can use to evaluate the volatility of the firm. Please check out Hota Industrial's Downside Deviation of 2.42, risk adjusted performance of 0.0143, and Market Risk Adjusted Performance of 0.0261 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Hota Industrial has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.16, 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, Hota Industrial will likely underperform. Hota Industrial Mfg right now retains a risk of 3.09%. Please check out Hota Industrial total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Hota Industrial will be following its current trending patterns.
Auto-correlation | -0.48 |
Modest reverse predictability
Hota Industrial Mfg has modest reverse predictability. Overlapping area represents the amount of predictability between Hota Industrial time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 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 Hota Industrial Mfg price movement. The serial correlation of -0.48 indicates that about 48.0% of current Hota Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 4.66 |
Hota Industrial Mfg lagged returns against current returns
Autocorrelation, which is Hota Industrial 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 Hota Industrial's stock expected returns. We can calculate the autocorrelation of Hota Industrial returns to help us make a trade decision. For example, suppose you find that Hota Industrial 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 |
Hota Industrial 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 Hota Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hota Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hota Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Hota Industrial Lagged Returns
When evaluating Hota Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hota Industrial stock have on its future price. Hota Industrial 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, Hota Industrial autocorrelation shows the relationship between Hota Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Hota Industrial Mfg.
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 Hota Stock Analysis
When running Hota Industrial's price analysis, check to measure Hota Industrial'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 Hota Industrial is operating at the current time. Most of Hota Industrial's value examination focuses on studying past and present price action to predict the probability of Hota Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hota Industrial's price. Additionally, you may evaluate how the addition of Hota Industrial to your portfolios can decrease your overall portfolio volatility.