Hoshine Silicon (China) Market Value
| 603260 Stock | 55.72 0.27 0.49% |
| Symbol | Hoshine |
Hoshine Silicon '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 Hoshine Silicon'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 Hoshine Silicon.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hoshine Silicon on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hoshine Silicon Ind or generate 0.0% return on investment in Hoshine Silicon over 90 days. Hoshine Silicon is related to or competes with Montage Technology, Miracll Chemicals, INKON Life, Sinofibers Technology, Jiujiang Shanshui, Shenzhen Noposion, and Do-Fluoride Chemicals. Hoshine Silicon is entity of China. It is traded as Stock on SHG exchange. More
Hoshine Silicon 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 Hoshine Silicon'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 Hoshine Silicon Ind upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.02 | |||
| Maximum Drawdown | 6.3 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 2.64 |
Hoshine Silicon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hoshine Silicon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hoshine Silicon's standard deviation. In reality, there are many statistical measures that can use Hoshine Silicon historical prices to predict the future Hoshine Silicon's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | 0.0965 | |||
| Treynor Ratio | (1.24) |
Hoshine Silicon Ind Backtested Returns
Hoshine Silicon Ind holds Efficiency (Sharpe) Ratio of -0.0505, which attests that the entity had a -0.0505 % return per unit of risk over the last 3 months. Hoshine Silicon Ind exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hoshine Silicon's Risk Adjusted Performance of (0.04), standard deviation of 1.42, and Market Risk Adjusted Performance of (1.23) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0653, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hoshine Silicon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hoshine Silicon is expected to be smaller as well. At this point, Hoshine Silicon Ind has a negative expected return of -0.0731%. Please make sure to check out Hoshine Silicon's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Hoshine Silicon Ind performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Hoshine Silicon Ind has poor reverse predictability. Overlapping area represents the amount of predictability between Hoshine Silicon time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Hoshine Silicon Ind price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Hoshine Silicon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1.39 |
Hoshine Silicon Ind lagged returns against current returns
Autocorrelation, which is Hoshine Silicon 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 Hoshine Silicon's stock expected returns. We can calculate the autocorrelation of Hoshine Silicon returns to help us make a trade decision. For example, suppose you find that Hoshine Silicon 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 |
Hoshine Silicon 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 Hoshine Silicon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hoshine Silicon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hoshine Silicon stock over time.
Current vs Lagged Prices |
| Timeline |
Hoshine Silicon Lagged Returns
When evaluating Hoshine Silicon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hoshine Silicon stock have on its future price. Hoshine Silicon 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, Hoshine Silicon autocorrelation shows the relationship between Hoshine Silicon stock current value and its past values and can show if there is a momentum factor associated with investing in Hoshine Silicon Ind.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hoshine Stock
Hoshine Silicon financial ratios help investors to determine whether Hoshine Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hoshine with respect to the benefits of owning Hoshine Silicon security.