Harvatek Corp (Taiwan) Market Value
| 6168 Stock | TWD 20.45 0.75 3.54% |
| Symbol | Harvatek |
Harvatek Corp '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 Harvatek Corp'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 Harvatek Corp.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Harvatek Corp on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Harvatek Corp or generate 0.0% return on investment in Harvatek Corp over 390 days. Harvatek Corp is related to or competes with Everlight Electronics, Bright Led, Optotech Corp, Tyntek Corp, and I Chiun. Harvatek Corporation designs, manufactures, tests, exports, and sells semiconductor chips and LEDs in Taiwan and interna... More
Harvatek Corp 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 Harvatek Corp'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 Harvatek Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.47 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 3.24 |
Harvatek Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvatek Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harvatek Corp's standard deviation. In reality, there are many statistical measures that can use Harvatek Corp historical prices to predict the future Harvatek Corp's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.54) |
Harvatek Corp Backtested Returns
Harvatek Corp holds Efficiency (Sharpe) Ratio of -0.0528, which attests that the entity had a -0.0528% return per unit of risk over the last 3 months. Harvatek Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harvatek Corp's Market Risk Adjusted Performance of (0.53), standard deviation of 2.01, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0828, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harvatek Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harvatek Corp is expected to be smaller as well. At this point, Harvatek Corp has a negative expected return of -0.11%. Please make sure to check out Harvatek Corp's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Harvatek Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Harvatek Corp has insignificant predictability. Overlapping area represents the amount of predictability between Harvatek Corp time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 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 Harvatek Corp price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Harvatek Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.22 |
Harvatek Corp lagged returns against current returns
Autocorrelation, which is Harvatek Corp 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 Harvatek Corp's stock expected returns. We can calculate the autocorrelation of Harvatek Corp returns to help us make a trade decision. For example, suppose you find that Harvatek Corp 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 |
Harvatek Corp 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 Harvatek Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harvatek Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harvatek Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Harvatek Corp Lagged Returns
When evaluating Harvatek Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harvatek Corp stock have on its future price. Harvatek Corp 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, Harvatek Corp autocorrelation shows the relationship between Harvatek Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Harvatek 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 Harvatek Stock Analysis
When running Harvatek Corp's price analysis, check to measure Harvatek Corp'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 Harvatek Corp is operating at the current time. Most of Harvatek Corp's value examination focuses on studying past and present price action to predict the probability of Harvatek Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harvatek Corp's price. Additionally, you may evaluate how the addition of Harvatek Corp to your portfolios can decrease your overall portfolio volatility.