Holy Stone (Taiwan) Market Value
| 3026 Stock | TWD 86.50 1.70 1.93% |
| Symbol | Holy |
Holy Stone '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 Holy Stone'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 Holy Stone.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Holy Stone on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Holy Stone Enterprise or generate 0.0% return on investment in Holy Stone over 30 days. Holy Stone is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. ,Ltd. manufactures and sells multilayer ceramic capacitors under the HEC brand name worldwide More
Holy Stone 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 Holy Stone'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 Holy Stone Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 3.01 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.32 |
Holy Stone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Holy Stone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Holy Stone's standard deviation. In reality, there are many statistical measures that can use Holy Stone historical prices to predict the future Holy Stone's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.12) |
Holy Stone Enterprise Backtested Returns
Holy Stone Enterprise holds Efficiency (Sharpe) Ratio of -0.0776, which attests that the entity had a -0.0776% return per unit of risk over the last 3 months. Holy Stone Enterprise exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Holy Stone's Risk Adjusted Performance of (0.02), standard deviation of 0.6501, and Market Risk Adjusted Performance of (0.11) 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, Holy Stone's returns are expected to increase less than the market. However, during the bear market, the loss of holding Holy Stone is expected to be smaller as well. At this point, Holy Stone Enterprise has a negative expected return of -0.0495%. Please make sure to check out Holy Stone's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Holy Stone Enterprise performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.57 |
Modest predictability
Holy Stone Enterprise has modest predictability. Overlapping area represents the amount of predictability between Holy Stone time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Holy Stone Enterprise price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Holy Stone price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Holy Stone Enterprise lagged returns against current returns
Autocorrelation, which is Holy Stone 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 Holy Stone's stock expected returns. We can calculate the autocorrelation of Holy Stone returns to help us make a trade decision. For example, suppose you find that Holy Stone 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 |
Holy Stone 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 Holy Stone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Holy Stone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Holy Stone stock over time.
Current vs Lagged Prices |
| Timeline |
Holy Stone Lagged Returns
When evaluating Holy Stone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Holy Stone stock have on its future price. Holy Stone 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, Holy Stone autocorrelation shows the relationship between Holy Stone stock current value and its past values and can show if there is a momentum factor associated with investing in Holy Stone Enterprise.
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 Holy Stock Analysis
When running Holy Stone's price analysis, check to measure Holy Stone'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 Holy Stone is operating at the current time. Most of Holy Stone's value examination focuses on studying past and present price action to predict the probability of Holy Stone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Holy Stone's price. Additionally, you may evaluate how the addition of Holy Stone to your portfolios can decrease your overall portfolio volatility.