HannStar Board (Taiwan) Market Value
| 5469 Stock | TWD 50.50 0.10 0.20% |
| Symbol | HannStar |
HannStar Board '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 HannStar Board'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 HannStar Board.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in HannStar Board on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding HannStar Board Corp or generate 0.0% return on investment in HannStar Board over 570 days. HannStar Board is related to or competes with AU Optronics, Innolux Corp, Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, and Information Technology. HannStar Board Corporation fabricates and sells print circuit boards in Taiwan More
HannStar Board 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 HannStar Board'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 HannStar Board Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.81 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 1.84 |
HannStar Board Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HannStar Board's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HannStar Board's standard deviation. In reality, there are many statistical measures that can use HannStar Board historical prices to predict the future HannStar Board's volatility.| Risk Adjusted Performance | 0.0087 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.02) |
HannStar Board Corp Backtested Returns
HannStar Board Corp holds Efficiency (Sharpe) Ratio of -0.0377, which attests that the entity had a -0.0377% return per unit of risk over the last 3 months. HannStar Board Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HannStar Board's Market Risk Adjusted Performance of (0.01), risk adjusted performance of 0.0087, and Downside Deviation of 1.35 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HannStar Board's returns are expected to increase less than the market. However, during the bear market, the loss of holding HannStar Board is expected to be smaller as well. At this point, HannStar Board Corp has a negative expected return of -0.0553%. Please make sure to check out HannStar Board's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if HannStar Board Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
HannStar Board Corp has good reverse predictability. Overlapping area represents the amount of predictability between HannStar Board time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th 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 HannStar Board Corp price movement. The serial correlation of -0.55 indicates that about 55.0% of current HannStar Board price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 13.15 |
HannStar Board Corp lagged returns against current returns
Autocorrelation, which is HannStar Board 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 HannStar Board's stock expected returns. We can calculate the autocorrelation of HannStar Board returns to help us make a trade decision. For example, suppose you find that HannStar Board 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 |
HannStar Board 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 HannStar Board stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HannStar Board stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HannStar Board stock over time.
Current vs Lagged Prices |
| Timeline |
HannStar Board Lagged Returns
When evaluating HannStar Board's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HannStar Board stock have on its future price. HannStar Board 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, HannStar Board autocorrelation shows the relationship between HannStar Board stock current value and its past values and can show if there is a momentum factor associated with investing in HannStar Board 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 HannStar Stock Analysis
When running HannStar Board's price analysis, check to measure HannStar Board'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 HannStar Board is operating at the current time. Most of HannStar Board's value examination focuses on studying past and present price action to predict the probability of HannStar Board's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HannStar Board's price. Additionally, you may evaluate how the addition of HannStar Board to your portfolios can decrease your overall portfolio volatility.