Feng Hsin (Taiwan) Market Value
| 2015 Stock | TWD 71.90 0.50 0.69% |
| Symbol | Feng |
Feng Hsin '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 Feng Hsin'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 Feng Hsin.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Feng Hsin on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Feng Hsin Steel or generate 0.0% return on investment in Feng Hsin over 90 days. Feng Hsin is related to or competes with Tung Ho, U Ming, TSRC Corp, Cheng Shin, and Asia Cement. FENG HSIN STEEL Co., Ltd. operates in the blast furnaces and steel mills sector in Taiwan More
Feng Hsin 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 Feng Hsin'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 Feng Hsin Steel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0515 | |||
| Maximum Drawdown | 6.77 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.08 |
Feng Hsin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Feng Hsin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Feng Hsin's standard deviation. In reality, there are many statistical measures that can use Feng Hsin historical prices to predict the future Feng Hsin's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.1418 | |||
| Treynor Ratio | (0.60) |
Feng Hsin Steel Backtested Returns
Feng Hsin Steel secures Sharpe Ratio (or Efficiency) of -0.0136, which denotes the company had a -0.0136 % return per unit of risk over the last 3 months. Feng Hsin Steel exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Feng Hsin's Standard Deviation of 1.32, mean deviation of 1.02, and Variance of 1.73 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0976, which means not very significant fluctuations relative to the market. As returns on the market increase, Feng Hsin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Feng Hsin is expected to be smaller as well. At this point, Feng Hsin Steel has a negative expected return of -0.0185%. Please make sure to confirm Feng Hsin's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Feng Hsin Steel performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.82 |
Excellent reverse predictability
Feng Hsin Steel has excellent reverse predictability. Overlapping area represents the amount of predictability between Feng Hsin time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Feng Hsin Steel price movement. The serial correlation of -0.82 indicates that around 82.0% of current Feng Hsin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 4.02 |
Feng Hsin Steel lagged returns against current returns
Autocorrelation, which is Feng Hsin 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 Feng Hsin's stock expected returns. We can calculate the autocorrelation of Feng Hsin returns to help us make a trade decision. For example, suppose you find that Feng Hsin 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 |
Feng Hsin 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 Feng Hsin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Feng Hsin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Feng Hsin stock over time.
Current vs Lagged Prices |
| Timeline |
Feng Hsin Lagged Returns
When evaluating Feng Hsin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Feng Hsin stock have on its future price. Feng Hsin 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, Feng Hsin autocorrelation shows the relationship between Feng Hsin stock current value and its past values and can show if there is a momentum factor associated with investing in Feng Hsin Steel.
Regressed Prices |
| Timeline |
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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 Feng Stock Analysis
When running Feng Hsin's price analysis, check to measure Feng Hsin'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 Feng Hsin is operating at the current time. Most of Feng Hsin's value examination focuses on studying past and present price action to predict the probability of Feng Hsin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Feng Hsin's price. Additionally, you may evaluate how the addition of Feng Hsin to your portfolios can decrease your overall portfolio volatility.