Hung Ching (Taiwan) Market Value
| 2527 Stock | TWD 33.20 0.60 1.78% |
| Symbol | Hung |
Hung Ching '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 Hung Ching'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 Hung Ching.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Hung Ching on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Hung Ching Development or generate 0.0% return on investment in Hung Ching over 90 days. Hung Ching is related to or competes with Hung Sheng, Kindom Construction, Kee Tai, Delpha Construction, and Highwealth Construction. Ltd. constructs residential and commercial buildings for rent and sale in Taiwan More
Hung Ching 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 Hung Ching'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 Hung Ching Development upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.43 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 3.15 |
Hung Ching Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hung Ching's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hung Ching's standard deviation. In reality, there are many statistical measures that can use Hung Ching historical prices to predict the future Hung Ching's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | 0.2106 | |||
| Treynor Ratio | 0.6813 |
Hung Ching Development Backtested Returns
Hung Ching Development holds Efficiency (Sharpe) Ratio of -0.0625, which attests that the entity had a -0.0625 % return per unit of risk over the last 3 months. Hung Ching Development exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hung Ching's Standard Deviation of 2.38, risk adjusted performance of (0.04), and Market Risk Adjusted Performance of 0.6913 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hung Ching are expected to decrease at a much lower rate. During the bear market, Hung Ching is likely to outperform the market. At this point, Hung Ching Development has a negative expected return of -0.13%. Please make sure to check out Hung Ching's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Hung Ching Development performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.13 |
Insignificant predictability
Hung Ching Development has insignificant predictability. Overlapping area represents the amount of predictability between Hung Ching time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 Hung Ching Development price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Hung Ching price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
Hung Ching Development lagged returns against current returns
Autocorrelation, which is Hung Ching 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 Hung Ching's stock expected returns. We can calculate the autocorrelation of Hung Ching returns to help us make a trade decision. For example, suppose you find that Hung Ching 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 |
Hung Ching 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 Hung Ching stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hung Ching stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hung Ching stock over time.
Current vs Lagged Prices |
| Timeline |
Hung Ching Lagged Returns
When evaluating Hung Ching's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hung Ching stock have on its future price. Hung Ching 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, Hung Ching autocorrelation shows the relationship between Hung Ching stock current value and its past values and can show if there is a momentum factor associated with investing in Hung Ching Development.
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 Hung Stock Analysis
When running Hung Ching's price analysis, check to measure Hung Ching'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 Hung Ching is operating at the current time. Most of Hung Ching's value examination focuses on studying past and present price action to predict the probability of Hung Ching's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hung Ching's price. Additionally, you may evaluate how the addition of Hung Ching to your portfolios can decrease your overall portfolio volatility.