Hsin Kuang (Taiwan) Market Value
| 2031 Stock | TWD 51.80 0.20 0.38% |
| Symbol | Hsin |
Hsin Kuang '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 Hsin Kuang'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 Hsin Kuang.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Hsin Kuang on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Hsin Kuang Steel or generate 0.0% return on investment in Hsin Kuang over 90 days. Hsin Kuang is related to or competes with Chung Hung, Tung Ho, Ta Chen, Feng Hsin, and Yieh Phui. Hsin Kuang Steel Company Limited engages in the cutting, stamping, and sale of various steel products in Taiwan More
Hsin Kuang 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 Hsin Kuang'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 Hsin Kuang Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.092 | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 3.85 |
Hsin Kuang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hsin Kuang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hsin Kuang's standard deviation. In reality, there are many statistical measures that can use Hsin Kuang historical prices to predict the future Hsin Kuang's volatility.| Risk Adjusted Performance | 0.0422 | |||
| Jensen Alpha | 0.0974 | |||
| Total Risk Alpha | 0.3213 | |||
| Sortino Ratio | 0.122 | |||
| Treynor Ratio | 0.3301 |
Hsin Kuang Steel Backtested Returns
Hsin Kuang appears to be very steady, given 3 months investment horizon. Hsin Kuang Steel holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hsin Kuang Steel, which you can use to evaluate the volatility of the firm. Please utilize Hsin Kuang's Downside Deviation of 1.49, risk adjusted performance of 0.0422, and Market Risk Adjusted Performance of 0.3401 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hsin Kuang holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hsin Kuang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hsin Kuang is expected to be smaller as well. Please check Hsin Kuang's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Hsin Kuang's current trending patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
Hsin Kuang Steel has below average predictability. Overlapping area represents the amount of predictability between Hsin Kuang time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Hsin Kuang Steel price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Hsin Kuang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 6.97 |
Hsin Kuang Steel lagged returns against current returns
Autocorrelation, which is Hsin Kuang 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 Hsin Kuang's stock expected returns. We can calculate the autocorrelation of Hsin Kuang returns to help us make a trade decision. For example, suppose you find that Hsin Kuang 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 |
Hsin Kuang 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 Hsin Kuang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hsin Kuang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hsin Kuang stock over time.
Current vs Lagged Prices |
| Timeline |
Hsin Kuang Lagged Returns
When evaluating Hsin Kuang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hsin Kuang stock have on its future price. Hsin Kuang 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, Hsin Kuang autocorrelation shows the relationship between Hsin Kuang stock current value and its past values and can show if there is a momentum factor associated with investing in Hsin Kuang 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 Hsin Stock Analysis
When running Hsin Kuang's price analysis, check to measure Hsin Kuang'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 Hsin Kuang is operating at the current time. Most of Hsin Kuang's value examination focuses on studying past and present price action to predict the probability of Hsin Kuang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hsin Kuang's price. Additionally, you may evaluate how the addition of Hsin Kuang to your portfolios can decrease your overall portfolio volatility.