Hotai Finance (Taiwan) Market Value
| 6592 Stock | TWD 77.70 0.40 0.52% |
| Symbol | Hotai |
Hotai Finance '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 Hotai Finance'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 Hotai Finance.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Hotai Finance on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Hotai Finance Corp or generate 0.0% return on investment in Hotai Finance over 180 days. Hotai Finance is related to or competes with Chailease Holding, Yulon Finance, Pou Chen, Ruentex Industries, and Makalot Industrial. Hotai Finance Co., Ltd., together with its subsidiaries, provides vehicle installment sales, and machinery and equipment... More
Hotai Finance 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 Hotai Finance'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 Hotai Finance Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 5.77 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 1.31 |
Hotai Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hotai Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hotai Finance's standard deviation. In reality, there are many statistical measures that can use Hotai Finance historical prices to predict the future Hotai Finance's volatility.| Risk Adjusted Performance | (0.26) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 5.07 |
Hotai Finance Corp Backtested Returns
Hotai Finance Corp holds Efficiency (Sharpe) Ratio of -0.36, which attests that the entity had a -0.36% return per unit of risk over the last 3 months. Hotai Finance Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hotai Finance's Market Risk Adjusted Performance of 5.08, standard deviation of 1.05, and Risk Adjusted Performance of (0.26) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0704, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hotai Finance are expected to decrease at a much lower rate. During the bear market, Hotai Finance is likely to outperform the market. At this point, Hotai Finance Corp has a negative expected return of -0.36%. Please make sure to check out Hotai Finance's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Hotai Finance Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Hotai Finance Corp has good predictability. Overlapping area represents the amount of predictability between Hotai Finance time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Hotai Finance Corp price movement. The serial correlation of 0.75 indicates that around 75.0% of current Hotai Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 45.79 |
Hotai Finance Corp lagged returns against current returns
Autocorrelation, which is Hotai Finance 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 Hotai Finance's stock expected returns. We can calculate the autocorrelation of Hotai Finance returns to help us make a trade decision. For example, suppose you find that Hotai Finance 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 |
Hotai Finance 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 Hotai Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hotai Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hotai Finance stock over time.
Current vs Lagged Prices |
| Timeline |
Hotai Finance Lagged Returns
When evaluating Hotai Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hotai Finance stock have on its future price. Hotai Finance 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, Hotai Finance autocorrelation shows the relationship between Hotai Finance stock current value and its past values and can show if there is a momentum factor associated with investing in Hotai Finance Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Hotai Stock Analysis
When running Hotai Finance's price analysis, check to measure Hotai Finance'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 Hotai Finance is operating at the current time. Most of Hotai Finance's value examination focuses on studying past and present price action to predict the probability of Hotai Finance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hotai Finance's price. Additionally, you may evaluate how the addition of Hotai Finance to your portfolios can decrease your overall portfolio volatility.