Healthconn Corp (Taiwan) Market Value
| 6665 Stock | TWD 22.50 0.10 0.45% |
| Symbol | Healthconn |
Healthconn 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 Healthconn 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 Healthconn Corp.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Healthconn Corp on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Healthconn Corp or generate 0.0% return on investment in Healthconn Corp over 90 days. Healthconn Corp is related to or competes with Simplo Technology, DingZing Advanced, Nan Ya, Univacco Technology, SciVision Biotech, Castles Technology, and Sun Max. Healthconn Corp. provides customized disease prevention and health management services More
Healthconn 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 Healthconn 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 Healthconn Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.69 | |||
| Information Ratio | 0.0538 | |||
| Maximum Drawdown | 23.56 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 5.53 |
Healthconn Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthconn Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healthconn Corp's standard deviation. In reality, there are many statistical measures that can use Healthconn Corp historical prices to predict the future Healthconn Corp's volatility.| Risk Adjusted Performance | 0.0306 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.5378 | |||
| Sortino Ratio | 0.0723 | |||
| Treynor Ratio | (0.07) |
Healthconn Corp Backtested Returns
Healthconn Corp appears to be somewhat reliable, given 3 months investment horizon. Healthconn Corp holds Efficiency (Sharpe) Ratio of 0.0823, which attests that the entity had a 0.0823 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Healthconn Corp, which you can use to evaluate the volatility of the firm. Please utilize Healthconn Corp's risk adjusted performance of 0.0306, and Market Risk Adjusted Performance of (0.06) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Healthconn Corp holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -1.25, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Healthconn Corp are expected to decrease by larger amounts. On the other hand, during market turmoil, Healthconn Corp is expected to outperform it. Please check Healthconn Corp's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Healthconn Corp's current trending patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Healthconn Corp has very weak predictability. Overlapping area represents the amount of predictability between Healthconn Corp 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 Healthconn Corp price movement. The serial correlation of 0.16 indicates that over 16.0% of current Healthconn Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.03 |
Healthconn Corp lagged returns against current returns
Autocorrelation, which is Healthconn 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 Healthconn Corp's stock expected returns. We can calculate the autocorrelation of Healthconn Corp returns to help us make a trade decision. For example, suppose you find that Healthconn 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 |
Healthconn 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 Healthconn Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healthconn Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healthconn Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Healthconn Corp Lagged Returns
When evaluating Healthconn Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healthconn Corp stock have on its future price. Healthconn 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, Healthconn Corp autocorrelation shows the relationship between Healthconn Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Healthconn Corp.
Regressed Prices |
| Timeline |
Pair Trading with Healthconn Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Healthconn Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Healthconn Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Healthconn Stock
| 0.54 | 6223 | MPI Corporation | PairCorr |
| 0.51 | 6531 | AP Memory Technology | PairCorr |
| 0.51 | 3552 | Tung Thih Electronic | PairCorr |
| 0.44 | 4961 | Fitipower Integrated | PairCorr |
| 0.4 | 4968 | RichWave Technology Corp | PairCorr |
The ability to find closely correlated positions to Healthconn Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Healthconn Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Healthconn Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Healthconn Corp to buy it.
The correlation of Healthconn Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Healthconn Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Healthconn Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Healthconn Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Healthconn Stock Analysis
When running Healthconn Corp's price analysis, check to measure Healthconn 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 Healthconn Corp is operating at the current time. Most of Healthconn Corp's value examination focuses on studying past and present price action to predict the probability of Healthconn 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 Healthconn Corp's price. Additionally, you may evaluate how the addition of Healthconn Corp to your portfolios can decrease your overall portfolio volatility.