Hwang Chang's market value is the price at which a share of Hwang Chang trades on a public exchange. It measures the collective expectations of Hwang Chang General investors about its performance. Hwang Chang is selling for under 82.90 as of the 7th of January 2025; that is 6.28 percent increase since the beginning of the trading day. The stock's lowest day price was 77.9. With this module, you can estimate the performance of a buy and hold strategy of Hwang Chang General and determine expected loss or profit from investing in Hwang Chang over a given investment horizon. Check out Hwang Chang Correlation, Hwang Chang Volatility and Hwang Chang Alpha and Beta module to complement your research on Hwang Chang.
Please note, there is a significant difference between Hwang Chang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hwang Chang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hwang Chang'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.
Hwang Chang '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 Hwang Chang'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 Hwang Chang.
0.00
12/08/2024
No Change 0.00
0.0
In 30 days
01/07/2025
0.00
If you would invest 0.00 in Hwang Chang on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Hwang Chang General or generate 0.0% return on investment in Hwang Chang over 30 days. Hwang Chang is related to or competes with Radium Life, Hung Sheng, Da Cin, Huang Hsiang, and Goldsun Building. Hwang Chang General Contractor Co., Ltd engages in construction activities in Taiwan and internationally More
Hwang Chang 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 Hwang Chang'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 Hwang Chang General 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 Hwang Chang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hwang Chang's standard deviation. In reality, there are many statistical measures that can use Hwang Chang historical prices to predict the future Hwang Chang's volatility.
Hwang Chang General holds Efficiency (Sharpe) Ratio of -0.0286, which attests that the entity had a -0.0286% return per unit of standard deviation over the last 3 months. Hwang Chang General exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hwang Chang's risk adjusted performance of (0.02), and Market Risk Adjusted Performance of 0.4711 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hwang Chang are expected to decrease at a much lower rate. During the bear market, Hwang Chang is likely to outperform the market. At this point, Hwang Chang General has a negative expected return of -0.11%. Please make sure to check out Hwang Chang's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Hwang Chang General performance from the past will be repeated at some point in the near future.
Auto-correlation
0.49
Average predictability
Hwang Chang General has average predictability. Overlapping area represents the amount of predictability between Hwang Chang time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th 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 Hwang Chang General price movement. The serial correlation of 0.49 indicates that about 49.0% of current Hwang Chang price fluctuation can be explain by its past prices.
Correlation Coefficient
0.49
Spearman Rank Test
0.25
Residual Average
0.0
Price Variance
11.84
Hwang Chang General lagged returns against current returns
Autocorrelation, which is Hwang Chang 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 Hwang Chang's stock expected returns. We can calculate the autocorrelation of Hwang Chang returns to help us make a trade decision. For example, suppose you find that Hwang Chang 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
Hwang Chang 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 Hwang Chang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hwang Chang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hwang Chang stock over time.
Current vs Lagged Prices
Timeline
Hwang Chang Lagged Returns
When evaluating Hwang Chang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hwang Chang stock have on its future price. Hwang Chang 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, Hwang Chang autocorrelation shows the relationship between Hwang Chang stock current value and its past values and can show if there is a momentum factor associated with investing in Hwang Chang General.
Regressed Prices
Timeline
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When running Hwang Chang's price analysis, check to measure Hwang Chang'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 Hwang Chang is operating at the current time. Most of Hwang Chang's value examination focuses on studying past and present price action to predict the probability of Hwang Chang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hwang Chang's price. Additionally, you may evaluate how the addition of Hwang Chang to your portfolios can decrease your overall portfolio volatility.