Hold Key (Taiwan) Market Value
| 1618 Stock | TWD 42.65 0.70 1.61% |
| Symbol | Hold |
Hold Key '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 Hold Key'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 Hold Key.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Hold Key on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Hold Key Electric Wire or generate 0.0% return on investment in Hold Key over 30 days. Hold Key is related to or competes with Wan Hai, U Ming, and China Airlines. Hold-Key Electric Wire Cable Co., Ltd manufactures and sells cable products in Taiwan and internationally More
Hold Key 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 Hold Key'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 Hold Key Electric Wire upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.09 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.37 |
Hold Key Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hold Key's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hold Key's standard deviation. In reality, there are many statistical measures that can use Hold Key historical prices to predict the future Hold Key's volatility.| Risk Adjusted Performance | 0.0226 | |||
| Jensen Alpha | 0.0409 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 1.2 |
Hold Key Electric Backtested Returns
Hold Key Electric holds Efficiency (Sharpe) Ratio of -0.0012, which attests that the entity had a -0.0012% return per unit of risk over the last 3 months. Hold Key Electric exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hold Key's Downside Deviation of 2.24, market risk adjusted performance of 1.21, and Risk Adjusted Performance of 0.0226 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0367, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hold Key's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hold Key is expected to be smaller as well. At this point, Hold Key Electric has a negative expected return of -0.0032%. Please make sure to check out Hold Key's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Hold Key Electric performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Hold Key Electric Wire has weak reverse predictability. Overlapping area represents the amount of predictability between Hold Key time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Hold Key Electric price movement. The serial correlation of -0.21 indicates that over 21.0% of current Hold Key price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 3.28 |
Hold Key Electric lagged returns against current returns
Autocorrelation, which is Hold Key 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 Hold Key's stock expected returns. We can calculate the autocorrelation of Hold Key returns to help us make a trade decision. For example, suppose you find that Hold Key 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 |
Hold Key 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 Hold Key stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hold Key stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hold Key stock over time.
Current vs Lagged Prices |
| Timeline |
Hold Key Lagged Returns
When evaluating Hold Key's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hold Key stock have on its future price. Hold Key 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, Hold Key autocorrelation shows the relationship between Hold Key stock current value and its past values and can show if there is a momentum factor associated with investing in Hold Key Electric Wire.
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 Hold Stock Analysis
When running Hold Key's price analysis, check to measure Hold Key'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 Hold Key is operating at the current time. Most of Hold Key's value examination focuses on studying past and present price action to predict the probability of Hold Key's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hold Key's price. Additionally, you may evaluate how the addition of Hold Key to your portfolios can decrease your overall portfolio volatility.