Hotai (Taiwan) Market Value
| 2207 Stock | TWD 605.00 5.00 0.83% |
| Symbol | Hotai |
Hotai '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 Hotai'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 Hotai.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hotai on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hotai Motor Co or generate 0.0% return on investment in Hotai over 90 days. Hotai is related to or competes with President Chain, Formosa Petrochemical, Cheng Shin, Formosa Chemicals, and Uni President. Hotai Motor Co., Ltd., together with its subsidiaries, assembles, imports, trades, and sells vehicles, automobile air co... More
Hotai 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 Hotai'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 Hotai Motor Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.085 | |||
| Maximum Drawdown | 5.52 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.48 |
Hotai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hotai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hotai's standard deviation. In reality, there are many statistical measures that can use Hotai historical prices to predict the future Hotai's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.0916 | |||
| Treynor Ratio | (0.25) |
Hotai Motor Backtested Returns
Hotai Motor holds Efficiency (Sharpe) Ratio of -0.0103, which attests that the entity had a -0.0103 % return per unit of risk over the last 3 months. Hotai Motor exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hotai's Market Risk Adjusted Performance of (0.24), standard deviation of 0.9543, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hotai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hotai is expected to be smaller as well. At this point, Hotai Motor has a negative expected return of -0.01%. Please make sure to check out Hotai's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Hotai Motor performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Hotai Motor Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Hotai time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Hotai Motor price movement. The serial correlation of -0.01 indicates that just 1.0% of current Hotai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 42.84 |
Hotai Motor lagged returns against current returns
Autocorrelation, which is Hotai 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 Hotai's stock expected returns. We can calculate the autocorrelation of Hotai returns to help us make a trade decision. For example, suppose you find that Hotai 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 |
Hotai 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 Hotai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hotai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hotai stock over time.
Current vs Lagged Prices |
| Timeline |
Hotai Lagged Returns
When evaluating Hotai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hotai stock have on its future price. Hotai 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, Hotai autocorrelation shows the relationship between Hotai stock current value and its past values and can show if there is a momentum factor associated with investing in Hotai Motor Co.
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 Hotai Stock Analysis
When running Hotai's price analysis, check to measure Hotai'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 Hotai is operating at the current time. Most of Hotai's value examination focuses on studying past and present price action to predict the probability of Hotai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hotai's price. Additionally, you may evaluate how the addition of Hotai to your portfolios can decrease your overall portfolio volatility.