Hunt Electronic (Taiwan) Market Value
| 3297 Stock | TWD 21.00 0.55 2.55% |
| Symbol | Hunt |
Hunt Electronic '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 Hunt Electronic'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 Hunt Electronic.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Hunt Electronic on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Hunt Electronic Co or generate 0.0% return on investment in Hunt Electronic over 90 days. Hunt Electronic is related to or competes with Taiwan Secom, Vivotek, Taiwan Shin, Taiwan Fu, AVer Information, GeoVision, and Everspring Industry. More
Hunt Electronic 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 Hunt Electronic'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 Hunt Electronic Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0131 | |||
| Maximum Drawdown | 16.35 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 3.29 |
Hunt Electronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hunt Electronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hunt Electronic's standard deviation. In reality, there are many statistical measures that can use Hunt Electronic historical prices to predict the future Hunt Electronic's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | 0.3319 | |||
| Treynor Ratio | 0.3786 |
Hunt Electronic Backtested Returns
At this stage we consider Hunt Stock to be not too volatile. Hunt Electronic holds Efficiency (Sharpe) Ratio of 0.0242, which attests that the entity had a 0.0242 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Hunt Electronic, which you can use to evaluate the volatility of the firm. Please check out Hunt Electronic's Risk Adjusted Performance of (0.02), market risk adjusted performance of 0.3886, and Standard Deviation of 2.61 to validate if the risk estimate we provide is consistent with the expected return of 0.0649%. Hunt Electronic has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hunt Electronic are expected to decrease at a much lower rate. During the bear market, Hunt Electronic is likely to outperform the market. Hunt Electronic right now retains a risk of 2.68%. Please check out Hunt Electronic jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Hunt Electronic will be following its current trending patterns.
Auto-correlation | 0.52 |
Modest predictability
Hunt Electronic Co has modest predictability. Overlapping area represents the amount of predictability between Hunt Electronic time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Hunt Electronic price movement. The serial correlation of 0.52 indicates that about 52.0% of current Hunt Electronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Hunt Electronic lagged returns against current returns
Autocorrelation, which is Hunt Electronic 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 Hunt Electronic's stock expected returns. We can calculate the autocorrelation of Hunt Electronic returns to help us make a trade decision. For example, suppose you find that Hunt Electronic 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 |
Hunt Electronic 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 Hunt Electronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hunt Electronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hunt Electronic stock over time.
Current vs Lagged Prices |
| Timeline |
Hunt Electronic Lagged Returns
When evaluating Hunt Electronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hunt Electronic stock have on its future price. Hunt Electronic 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, Hunt Electronic autocorrelation shows the relationship between Hunt Electronic stock current value and its past values and can show if there is a momentum factor associated with investing in Hunt Electronic Co.
Regressed Prices |
| Timeline |
Pair Trading with Hunt Electronic
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hunt Electronic position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hunt Electronic will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Hunt Electronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hunt Electronic when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hunt Electronic - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hunt Electronic Co to buy it.
The correlation of Hunt Electronic is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hunt Electronic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hunt Electronic moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hunt Electronic can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Hunt Stock Analysis
When running Hunt Electronic's price analysis, check to measure Hunt Electronic'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 Hunt Electronic is operating at the current time. Most of Hunt Electronic's value examination focuses on studying past and present price action to predict the probability of Hunt Electronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hunt Electronic's price. Additionally, you may evaluate how the addition of Hunt Electronic to your portfolios can decrease your overall portfolio volatility.