Hiwin Mikrosystem (Taiwan) Market Value
| 4576 Stock | TWD 115.50 12.50 9.77% |
| Symbol | Hiwin |
Hiwin Mikrosystem '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 Hiwin Mikrosystem'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 Hiwin Mikrosystem.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Hiwin Mikrosystem on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hiwin Mikrosystem Corp or generate 0.0% return on investment in Hiwin Mikrosystem over 180 days. Hiwin Mikrosystem is related to or competes with Hiwin Technologies, Kung Long, Airtac International, Fortune Electric, and Shihlin Electric. Hiwin Mikrosystem Corp. researches, develops, manufactures, and sells components, systems, and equipment for linear moti... More
Hiwin Mikrosystem 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 Hiwin Mikrosystem'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 Hiwin Mikrosystem Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.92 | |||
| Information Ratio | 0.0895 | |||
| Maximum Drawdown | 19.19 | |||
| Value At Risk | (5.91) | |||
| Potential Upside | 9.72 |
Hiwin Mikrosystem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hiwin Mikrosystem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hiwin Mikrosystem's standard deviation. In reality, there are many statistical measures that can use Hiwin Mikrosystem historical prices to predict the future Hiwin Mikrosystem's volatility.| Risk Adjusted Performance | 0.0902 | |||
| Jensen Alpha | 0.4226 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0977 | |||
| Treynor Ratio | 0.8463 |
Hiwin Mikrosystem Corp Backtested Returns
Hiwin Mikrosystem appears to be very steady, given 3 months investment horizon. Hiwin Mikrosystem Corp holds Efficiency (Sharpe) Ratio of 0.0968, which attests that the entity had a 0.0968% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hiwin Mikrosystem Corp, which you can use to evaluate the volatility of the firm. Please utilize Hiwin Mikrosystem's Risk Adjusted Performance of 0.0902, market risk adjusted performance of 0.8563, and Downside Deviation of 3.92 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hiwin Mikrosystem holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hiwin Mikrosystem's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hiwin Mikrosystem is expected to be smaller as well. Please check Hiwin Mikrosystem's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Hiwin Mikrosystem's current trending patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Hiwin Mikrosystem Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Hiwin Mikrosystem time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Hiwin Mikrosystem Corp price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Hiwin Mikrosystem price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 243.63 |
Hiwin Mikrosystem Corp lagged returns against current returns
Autocorrelation, which is Hiwin Mikrosystem 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 Hiwin Mikrosystem's stock expected returns. We can calculate the autocorrelation of Hiwin Mikrosystem returns to help us make a trade decision. For example, suppose you find that Hiwin Mikrosystem 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 |
Hiwin Mikrosystem 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 Hiwin Mikrosystem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hiwin Mikrosystem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hiwin Mikrosystem stock over time.
Current vs Lagged Prices |
| Timeline |
Hiwin Mikrosystem Lagged Returns
When evaluating Hiwin Mikrosystem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hiwin Mikrosystem stock have on its future price. Hiwin Mikrosystem 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, Hiwin Mikrosystem autocorrelation shows the relationship between Hiwin Mikrosystem stock current value and its past values and can show if there is a momentum factor associated with investing in Hiwin Mikrosystem Corp.
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 Hiwin Stock Analysis
When running Hiwin Mikrosystem's price analysis, check to measure Hiwin Mikrosystem'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 Hiwin Mikrosystem is operating at the current time. Most of Hiwin Mikrosystem's value examination focuses on studying past and present price action to predict the probability of Hiwin Mikrosystem's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hiwin Mikrosystem's price. Additionally, you may evaluate how the addition of Hiwin Mikrosystem to your portfolios can decrease your overall portfolio volatility.