Hitron Technologies (Taiwan) Market Value
| 2419 Stock | TWD 26.75 0.20 0.75% |
| Symbol | Hitron |
Hitron Technologies '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 Hitron Technologies' 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 Hitron Technologies.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Hitron Technologies on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Hitron Technologies or generate 0.0% return on investment in Hitron Technologies over 90 days. Hitron Technologies is related to or competes with Accton Technology, D Link, Microelectronics, Gigastorage Corp, and Zinwell. Hitron Technologies Inc., together with its subsidiaries, engages in the development, manufacture, and sale of broadband... More
Hitron Technologies 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 Hitron Technologies' 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 Hitron Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.52 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 1.89 |
Hitron Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hitron Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hitron Technologies' standard deviation. In reality, there are many statistical measures that can use Hitron Technologies historical prices to predict the future Hitron Technologies' volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (2.50) |
Hitron Technologies Backtested Returns
Hitron Technologies holds Efficiency (Sharpe) Ratio of -0.0885, which attests that the entity had a -0.0885 % return per unit of risk over the last 3 months. Hitron Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hitron Technologies' Risk Adjusted Performance of (0.20), market risk adjusted performance of (2.49), and Standard Deviation of 2.0 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hitron Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hitron Technologies is expected to be smaller as well. At this point, Hitron Technologies has a negative expected return of -0.14%. Please make sure to check out Hitron Technologies' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Hitron Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.65 |
Good predictability
Hitron Technologies has good predictability. Overlapping area represents the amount of predictability between Hitron Technologies time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Hitron Technologies price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Hitron Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
Hitron Technologies lagged returns against current returns
Autocorrelation, which is Hitron Technologies 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 Hitron Technologies' stock expected returns. We can calculate the autocorrelation of Hitron Technologies returns to help us make a trade decision. For example, suppose you find that Hitron Technologies 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 |
Hitron Technologies 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 Hitron Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hitron Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hitron Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Hitron Technologies Lagged Returns
When evaluating Hitron Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hitron Technologies stock have on its future price. Hitron Technologies 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, Hitron Technologies autocorrelation shows the relationship between Hitron Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Hitron Technologies.
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 Hitron Stock Analysis
When running Hitron Technologies' price analysis, check to measure Hitron Technologies' 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 Hitron Technologies is operating at the current time. Most of Hitron Technologies' value examination focuses on studying past and present price action to predict the probability of Hitron Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitron Technologies' price. Additionally, you may evaluate how the addition of Hitron Technologies to your portfolios can decrease your overall portfolio volatility.