Hitron Technologies (Taiwan) Market Value

2419 Stock  TWD 28.85  0.10  0.35%   
Hitron Technologies' market value is the price at which a share of Hitron Technologies trades on a public exchange. It measures the collective expectations of Hitron Technologies investors about its performance. Hitron Technologies is selling for under 28.85 as of the 5th of March 2025; that is 0.35 percent increase since the beginning of the trading day. The stock's lowest day price was 28.2.
With this module, you can estimate the performance of a buy and hold strategy of Hitron Technologies and determine expected loss or profit from investing in Hitron Technologies over a given investment horizon. Check out Hitron Technologies Correlation, Hitron Technologies Volatility and Hitron Technologies Alpha and Beta module to complement your research on Hitron Technologies.
Symbol

Please note, there is a significant difference between Hitron Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hitron Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hitron Technologies' 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.

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.
0.00
02/03/2025
No Change 0.00  0.0 
In 30 days
03/05/2025
0.00
If you would invest  0.00  in Hitron Technologies on February 3, 2025 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 30 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.

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.
Hype
Prediction
LowEstimatedHigh
27.1828.8530.52
Details
Intrinsic
Valuation
LowRealHigh
25.9730.5832.25
Details
Naive
Forecast
LowNextHigh
25.4427.1128.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.5530.2133.86
Details

Hitron Technologies Backtested Returns

Hitron Technologies holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1 % return per unit of risk over the last 3 months. Hitron Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hitron Technologies' Standard Deviation of 1.66, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of 3.88 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0511, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hitron Technologies are expected to decrease at a much lower rate. During the bear market, Hitron Technologies is likely to outperform the market. At this point, Hitron Technologies has a negative expected return of -0.17%. Please make sure to check out Hitron Technologies' treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Hitron Technologies performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.67  

Very good reverse predictability

Hitron Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between Hitron Technologies time series from 3rd of February 2025 to 18th of February 2025 and 18th of February 2025 to 5th 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 -0.67 indicates that around 67.0% of current Hitron Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test-0.68
Residual Average0.0
Price Variance0.52

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  

Also Currently Popular

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.