Hsin Yung's market value is the price at which a share of Hsin Yung trades on a public exchange. It measures the collective expectations of Hsin Yung Chien investors about its performance. Hsin Yung is selling for under 90.30 as of the 4th of January 2025; that is 2.9 percent decrease since the beginning of the trading day. The stock's lowest day price was 89.0. With this module, you can estimate the performance of a buy and hold strategy of Hsin Yung Chien and determine expected loss or profit from investing in Hsin Yung over a given investment horizon. Check out Hsin Yung Correlation, Hsin Yung Volatility and Hsin Yung Alpha and Beta module to complement your research on Hsin Yung.
Please note, there is a significant difference between Hsin Yung's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hsin Yung is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hsin Yung's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hsin Yung '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 Yung'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 Yung.
0.00
12/05/2024
No Change 0.00
0.0
In 30 days
01/04/2025
0.00
If you would invest 0.00 in Hsin Yung on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hsin Yung Chien or generate 0.0% return on investment in Hsin Yung over 30 days. Hsin Yung is related to or competes with Cleanaway, Nak Sealing, Yulon Finance, China Steel, and TTET Union. Hsin Yung Chien Co., Ltd. manufactures and sells rubber conveyor belts, rubber sheets, and industrial fabrics in Taiwan More
Hsin Yung 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 Yung'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 Yung Chien upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hsin Yung's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hsin Yung's standard deviation. In reality, there are many statistical measures that can use Hsin Yung historical prices to predict the future Hsin Yung's volatility.
Hsin Yung Chien holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Hsin Yung Chien exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hsin Yung's Risk Adjusted Performance of (0.15), standard deviation of 0.6349, and Market Risk Adjusted Performance of (0.77) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hsin Yung's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hsin Yung is expected to be smaller as well. At this point, Hsin Yung Chien has a negative expected return of -0.12%. Please make sure to check out Hsin Yung's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Hsin Yung Chien performance from the past will be repeated at some point in the near future.
Auto-correlation
0.50
Modest predictability
Hsin Yung Chien has modest predictability. Overlapping area represents the amount of predictability between Hsin Yung time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th of January 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 Yung Chien price movement. The serial correlation of 0.5 indicates that about 50.0% of current Hsin Yung price fluctuation can be explain by its past prices.
Correlation Coefficient
0.5
Spearman Rank Test
0.41
Residual Average
0.0
Price Variance
2.02
Hsin Yung Chien lagged returns against current returns
Autocorrelation, which is Hsin Yung 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 Yung's stock expected returns. We can calculate the autocorrelation of Hsin Yung returns to help us make a trade decision. For example, suppose you find that Hsin Yung 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 Yung 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 Yung stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hsin Yung stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hsin Yung stock over time.
Current vs Lagged Prices
Timeline
Hsin Yung Lagged Returns
When evaluating Hsin Yung's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hsin Yung stock have on its future price. Hsin Yung 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 Yung autocorrelation shows the relationship between Hsin Yung stock current value and its past values and can show if there is a momentum factor associated with investing in Hsin Yung Chien.
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.
When running Hsin Yung's price analysis, check to measure Hsin Yung'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 Yung is operating at the current time. Most of Hsin Yung's value examination focuses on studying past and present price action to predict the probability of Hsin Yung'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 Yung's price. Additionally, you may evaluate how the addition of Hsin Yung to your portfolios can decrease your overall portfolio volatility.