Hanpin Electron's market value is the price at which a share of Hanpin Electron trades on a public exchange. It measures the collective expectations of Hanpin Electron Co investors about its performance. Hanpin Electron is selling for under 53.40 as of the 8th of January 2025; that is 0.19 percent decrease since the beginning of the trading day. The stock's lowest day price was 53.4. With this module, you can estimate the performance of a buy and hold strategy of Hanpin Electron Co and determine expected loss or profit from investing in Hanpin Electron over a given investment horizon. Check out Hanpin Electron Correlation, Hanpin Electron Volatility and Hanpin Electron Alpha and Beta module to complement your research on Hanpin Electron.
Please note, there is a significant difference between Hanpin Electron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanpin Electron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanpin Electron'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.
Hanpin Electron '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 Hanpin Electron'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 Hanpin Electron.
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12/09/2024
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In 31 days
01/08/2025
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If you would invest 0.00 in Hanpin Electron on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Hanpin Electron Co or generate 0.0% return on investment in Hanpin Electron over 30 days. Hanpin Electron is related to or competes with Meiloon Industrial, Mirle Automation, Merry Electronics, Audix Corp, and G Shank. Hanpin Electron Co., Ltd. designs, manufactures, and sells electronic consumer products, professional audio products, an... More
Hanpin Electron 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 Hanpin Electron'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 Hanpin Electron Co 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 Hanpin Electron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanpin Electron's standard deviation. In reality, there are many statistical measures that can use Hanpin Electron historical prices to predict the future Hanpin Electron's volatility.
Hanpin Electron appears to be very steady, given 3 months investment horizon. Hanpin Electron 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-eight technical indicators for Hanpin Electron, which you can use to evaluate the volatility of the firm. Please utilize Hanpin Electron's Downside Deviation of 2.02, risk adjusted performance of 0.0817, and Market Risk Adjusted Performance of (1.12) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hanpin Electron holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hanpin Electron are expected to decrease at a much lower rate. During the bear market, Hanpin Electron is likely to outperform the market. Please check Hanpin Electron's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hanpin Electron's current trending patterns will revert.
Auto-correlation
-0.18
Insignificant reverse predictability
Hanpin Electron Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hanpin Electron time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Hanpin Electron price movement. The serial correlation of -0.18 indicates that over 18.0% of current Hanpin Electron price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.18
Spearman Rank Test
-0.72
Residual Average
0.0
Price Variance
3.39
Hanpin Electron lagged returns against current returns
Autocorrelation, which is Hanpin Electron 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 Hanpin Electron's stock expected returns. We can calculate the autocorrelation of Hanpin Electron returns to help us make a trade decision. For example, suppose you find that Hanpin Electron 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
Hanpin Electron 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 Hanpin Electron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanpin Electron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanpin Electron stock over time.
Current vs Lagged Prices
Timeline
Hanpin Electron Lagged Returns
When evaluating Hanpin Electron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanpin Electron stock have on its future price. Hanpin Electron 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, Hanpin Electron autocorrelation shows the relationship between Hanpin Electron stock current value and its past values and can show if there is a momentum factor associated with investing in Hanpin Electron Co.
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.
When running Hanpin Electron's price analysis, check to measure Hanpin Electron'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 Hanpin Electron is operating at the current time. Most of Hanpin Electron's value examination focuses on studying past and present price action to predict the probability of Hanpin Electron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanpin Electron's price. Additionally, you may evaluate how the addition of Hanpin Electron to your portfolios can decrease your overall portfolio volatility.