Hung Sheng (Taiwan) Market Value
| 2534 Stock | TWD 26.10 0.60 2.35% |
| Symbol | Hung |
Hung Sheng '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 Sheng'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 Sheng.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Hung Sheng on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Hung Sheng Construction or generate 0.0% return on investment in Hung Sheng over 90 days. Hung Sheng is related to or competes with Chainqui Construction, Kee Tai, BES Engineering, Zinwell, and Sincere Navigation. HUNG SHENG Construction Co., Ltd. operates in the real estate sector in Taiwan More
Hung Sheng 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 Sheng'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 Sheng Construction upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0443 | |||
| Maximum Drawdown | 9.83 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.07 |
Hung Sheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hung Sheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hung Sheng's standard deviation. In reality, there are many statistical measures that can use Hung Sheng historical prices to predict the future Hung Sheng's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.1345 | |||
| Treynor Ratio | 0.7158 |
Hung Sheng Construction Backtested Returns
Hung Sheng Construction holds Efficiency (Sharpe) Ratio of -0.0112, which attests that the entity had a -0.0112 % return per unit of risk over the last 3 months. Hung Sheng Construction exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hung Sheng's Risk Adjusted Performance of (0.02), market risk adjusted performance of 0.7258, and Standard Deviation of 1.44 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0634, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hung Sheng are expected to decrease at a much lower rate. During the bear market, Hung Sheng is likely to outperform the market. At this point, Hung Sheng Construction has a negative expected return of -0.0162%. Please make sure to check out Hung Sheng's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Hung Sheng Construction performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Hung Sheng Construction has good reverse predictability. Overlapping area represents the amount of predictability between Hung Sheng 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 Hung Sheng Construction price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Hung Sheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Hung Sheng Construction lagged returns against current returns
Autocorrelation, which is Hung Sheng 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 Sheng's stock expected returns. We can calculate the autocorrelation of Hung Sheng returns to help us make a trade decision. For example, suppose you find that Hung Sheng 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 Sheng 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 Sheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hung Sheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hung Sheng stock over time.
Current vs Lagged Prices |
| Timeline |
Hung Sheng Lagged Returns
When evaluating Hung Sheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hung Sheng stock have on its future price. Hung Sheng 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 Sheng autocorrelation shows the relationship between Hung Sheng stock current value and its past values and can show if there is a momentum factor associated with investing in Hung Sheng Construction.
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 Hung Stock Analysis
When running Hung Sheng's price analysis, check to measure Hung Sheng'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 Sheng is operating at the current time. Most of Hung Sheng's value examination focuses on studying past and present price action to predict the probability of Hung Sheng'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 Sheng's price. Additionally, you may evaluate how the addition of Hung Sheng to your portfolios can decrease your overall portfolio volatility.