Taiwan Hon (Taiwan) Market Value
| 9939 Stock | TWD 163.00 3.50 2.19% |
| Symbol | Taiwan |
Taiwan Hon '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 Taiwan Hon'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 Taiwan Hon.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Taiwan Hon on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Taiwan Hon Chuan or generate 0.0% return on investment in Taiwan Hon over 90 days. Taiwan Hon is related to or competes with Da Cin, Pacific Construction, Onyx Healthcare, Kao Fong, Fong Chien, Power Wind, and Roundtop Machinery. Taiwan Hon Chuan Enterprise Co., Ltd. manufactures and sells various packaging materials for the food and beverage indus... More
Taiwan Hon 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 Taiwan Hon'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 Taiwan Hon Chuan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | 0.1986 | |||
| Maximum Drawdown | 5.51 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.19 |
Taiwan Hon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Taiwan Hon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Taiwan Hon's standard deviation. In reality, there are many statistical measures that can use Taiwan Hon historical prices to predict the future Taiwan Hon's volatility.| Risk Adjusted Performance | 0.1068 | |||
| Jensen Alpha | 0.1544 | |||
| Total Risk Alpha | 0.2953 | |||
| Sortino Ratio | 0.1913 | |||
| Treynor Ratio | 0.977 |
Taiwan Hon Chuan Backtested Returns
Taiwan Hon appears to be very steady, given 3 months investment horizon. Taiwan Hon Chuan owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Taiwan Hon Chuan, which you can use to evaluate the volatility of the company. Please review Taiwan Hon's Coefficient Of Variation of 838.59, semi deviation of 0.9833, and Risk Adjusted Performance of 0.1068 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Taiwan Hon holds a performance score of 15. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Taiwan Hon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Taiwan Hon is expected to be smaller as well. Please check Taiwan Hon's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Taiwan Hon's existing price patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
Taiwan Hon Chuan has below average predictability. Overlapping area represents the amount of predictability between Taiwan Hon 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 Taiwan Hon Chuan price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Taiwan Hon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 9.46 |
Taiwan Hon Chuan lagged returns against current returns
Autocorrelation, which is Taiwan Hon 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 Taiwan Hon's stock expected returns. We can calculate the autocorrelation of Taiwan Hon returns to help us make a trade decision. For example, suppose you find that Taiwan Hon 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 |
Taiwan Hon 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 Taiwan Hon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Taiwan Hon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Taiwan Hon stock over time.
Current vs Lagged Prices |
| Timeline |
Taiwan Hon Lagged Returns
When evaluating Taiwan Hon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Taiwan Hon stock have on its future price. Taiwan Hon 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, Taiwan Hon autocorrelation shows the relationship between Taiwan Hon stock current value and its past values and can show if there is a momentum factor associated with investing in Taiwan Hon Chuan.
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 Taiwan Stock Analysis
When running Taiwan Hon's price analysis, check to measure Taiwan Hon'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 Taiwan Hon is operating at the current time. Most of Taiwan Hon's value examination focuses on studying past and present price action to predict the probability of Taiwan Hon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiwan Hon's price. Additionally, you may evaluate how the addition of Taiwan Hon to your portfolios can decrease your overall portfolio volatility.