Holiday Entertainment (Taiwan) Market Value
| 9943 Stock | TWD 79.90 0.20 0.25% |
| Symbol | Holiday |
Holiday Entertainment '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 Holiday Entertainment'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 Holiday Entertainment.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Holiday Entertainment on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Holiday Entertainment Co or generate 0.0% return on investment in Holiday Entertainment over 90 days. Holiday Entertainment is related to or competes with Yulon Finance, Taiwan Secom, Taiwan Shin, Formosa International, and President Chain. Holiday Entertainment Co., Ltd. provides audio-visual and singing equipment in Taiwan More
Holiday Entertainment 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 Holiday Entertainment'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 Holiday Entertainment Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6281 | |||
| Information Ratio | 0.2099 | |||
| Maximum Drawdown | 2.89 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.8883 |
Holiday Entertainment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Holiday Entertainment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Holiday Entertainment's standard deviation. In reality, there are many statistical measures that can use Holiday Entertainment historical prices to predict the future Holiday Entertainment's volatility.| Risk Adjusted Performance | 0.0114 | |||
| Jensen Alpha | 0.0056 | |||
| Total Risk Alpha | 0.0664 | |||
| Sortino Ratio | 0.175 | |||
| Treynor Ratio | 0.0198 |
Holiday Entertainment Backtested Returns
At this stage we consider Holiday Stock to be very steady. Holiday Entertainment holds Efficiency (Sharpe) Ratio of 0.0393, which attests that the entity had a 0.0393 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Holiday Entertainment, which you can use to evaluate the volatility of the firm. Please check out Holiday Entertainment's Risk Adjusted Performance of 0.0114, downside deviation of 0.6281, and Market Risk Adjusted Performance of 0.0298 to validate if the risk estimate we provide is consistent with the expected return of 0.0213%. Holiday Entertainment has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0436, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Holiday Entertainment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Holiday Entertainment is expected to be smaller as well. Holiday Entertainment right now retains a risk of 0.54%. Please check out Holiday Entertainment downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Holiday Entertainment will be following its current trending patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Holiday Entertainment Co has very good reverse predictability. Overlapping area represents the amount of predictability between Holiday Entertainment time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Holiday Entertainment price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Holiday Entertainment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
Holiday Entertainment lagged returns against current returns
Autocorrelation, which is Holiday Entertainment 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 Holiday Entertainment's stock expected returns. We can calculate the autocorrelation of Holiday Entertainment returns to help us make a trade decision. For example, suppose you find that Holiday Entertainment 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 |
Holiday Entertainment 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 Holiday Entertainment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Holiday Entertainment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Holiday Entertainment stock over time.
Current vs Lagged Prices |
| Timeline |
Holiday Entertainment Lagged Returns
When evaluating Holiday Entertainment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Holiday Entertainment stock have on its future price. Holiday Entertainment 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, Holiday Entertainment autocorrelation shows the relationship between Holiday Entertainment stock current value and its past values and can show if there is a momentum factor associated with investing in Holiday Entertainment Co.
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 Holiday Stock Analysis
When running Holiday Entertainment's price analysis, check to measure Holiday Entertainment'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 Holiday Entertainment is operating at the current time. Most of Holiday Entertainment's value examination focuses on studying past and present price action to predict the probability of Holiday Entertainment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Holiday Entertainment's price. Additionally, you may evaluate how the addition of Holiday Entertainment to your portfolios can decrease your overall portfolio volatility.