Hon Hai Precision Stock Market Value
| HNHPF Stock | USD 12.15 0.06 0.49% |
| Symbol | Hon |
Hon Hai '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 Hon Hai's pink sheet 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 Hon Hai.
| 05/13/2023 |
| 12/03/2024 |
If you would invest 0.00 in Hon Hai on May 13, 2023 and sell it all today you would earn a total of 0.00 from holding Hon Hai Precision or generate 0.0% return on investment in Hon Hai over 570 days. Hon Hai is related to or competes with KULR Technology, Ouster, MicroCloud Hologram, and Kopin. Hon Hai Precision Industry Co., Ltd. provides technology solutions in Japan, Ireland, the United States, Singapore, Chin... More
Hon Hai 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 Hon Hai's pink sheet 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 Hon Hai Precision upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.96 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.32 |
Hon Hai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hon Hai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hon Hai's standard deviation. In reality, there are many statistical measures that can use Hon Hai historical prices to predict the future Hon Hai's volatility.| Risk Adjusted Performance | 0.043 | |||
| Jensen Alpha | 0.0752 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.07 |
Hon Hai Precision Backtested Returns
At this point, Hon Hai is not too volatile. Hon Hai Precision holds Efficiency (Sharpe) Ratio of 0.0789, which attests that the entity had a 0.0789% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hon Hai Precision, which you can use to evaluate the volatility of the firm. Please check out Hon Hai's Market Risk Adjusted Performance of 1.08, risk adjusted performance of 0.043, and Downside Deviation of 2.03 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Hon Hai has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0788, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hon Hai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hon Hai is expected to be smaller as well. Hon Hai Precision right now retains a risk of 1.93%. Please check out Hon Hai sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Hon Hai will be following its current trending patterns.
Auto-correlation | -0.27 |
Weak reverse predictability
Hon Hai Precision has weak reverse predictability. Overlapping area represents the amount of predictability between Hon Hai time series from 13th of May 2023 to 22nd of February 2024 and 22nd of February 2024 to 3rd 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 Hon Hai Precision price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Hon Hai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 3.59 |
Hon Hai Precision lagged returns against current returns
Autocorrelation, which is Hon Hai pink sheet'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 Hon Hai's pink sheet expected returns. We can calculate the autocorrelation of Hon Hai returns to help us make a trade decision. For example, suppose you find that Hon Hai has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Hon Hai 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 Hon Hai pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hon Hai pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hon Hai pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hon Hai Lagged Returns
When evaluating Hon Hai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hon Hai pink sheet have on its future price. Hon Hai 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, Hon Hai autocorrelation shows the relationship between Hon Hai pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hon Hai Precision.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hon Pink Sheet
Hon Hai financial ratios help investors to determine whether Hon Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hon with respect to the benefits of owning Hon Hai security.