Horizon Securities (Taiwan) Market Value
6015 Stock | TWD 11.75 0.05 0.42% |
Symbol | Horizon |
Horizon Securities '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 Horizon Securities' 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 Horizon Securities.
03/25/2023 |
| 03/19/2024 |
If you would invest 0.00 in Horizon Securities on March 25, 2023 and sell it all today you would earn a total of 0.00 from holding Horizon Securities Co or generate 0.0% return on investment in Horizon Securities over 360 days. Horizon Securities is related to or competes with Namchow Chemical, Sunnic Technology, Shiny Chemical, Sun Max, Sitronix Technology, Pan Asia, and SciVision Biotech. Horizon Securities Co., Ltd. provides securities brokerage services in Taiwan More
Horizon Securities 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 Horizon Securities' 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 Horizon Securities Co upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.4 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 9.5 | |||
Value At Risk | (1.95) | |||
Potential Upside | 2.44 |
Horizon Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Securities' standard deviation. In reality, there are many statistical measures that can use Horizon Securities historical prices to predict the future Horizon Securities' volatility.Risk Adjusted Performance | 0.0605 | |||
Jensen Alpha | 0.0919 | |||
Total Risk Alpha | (0.20) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.5382 |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Horizon Securities' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Horizon Securities in the context of predictive analytics.
Horizon Securities Backtested Returns
We consider Horizon Securities not too volatile. Horizon Securities holds Efficiency (Sharpe) Ratio of 0.0975, which attests that the entity had 0.0975% return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found thirty technical indicators for Horizon Securities, which you can use to evaluate the future volatility of the firm. Please check out Horizon Securities' Market Risk Adjusted Performance of 0.5482, downside deviation of 1.4, and Risk Adjusted Performance of 0.0605 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Horizon Securities has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Horizon Securities returns are expected to increase less than the market. However, during the bear market, the loss on holding Horizon Securities will be expected to be smaller as well. Although it is important to respect Horizon Securities current price history, it is better to be realistic regarding the information on the equity's current price movements. Horizon Securities right now retains a risk of 1.52%. Please check out Horizon Securities total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio to decide if Horizon Securities will be following its current trending patterns.
Auto-correlation | 0.23 |
Weak predictability
Horizon Securities Co has weak predictability. Overlapping area represents the amount of predictability between Horizon Securities time series from 25th of March 2023 to 21st of September 2023 and 21st of September 2023 to 19th of March 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 Horizon Securities price movement. The serial correlation of 0.23 indicates that over 23.0% of current Horizon Securities price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.23 | |
Spearman Rank Test | 0.22 | |
Residual Average | 0.0 | |
Price Variance | 0.32 |
Horizon Securities lagged returns against current returns
Autocorrelation, which is Horizon Securities 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 Horizon Securities' stock expected returns. We can calculate the autocorrelation of Horizon Securities returns to help us make a trade decision. For example, suppose you find that Horizon Securities stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
Timeline |
Horizon Securities 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 Horizon Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Securities stock over time.
Current vs Lagged Prices |
Timeline |
Horizon Securities Lagged Returns
When evaluating Horizon Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Securities stock have on its future price. Horizon Securities 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, Horizon Securities autocorrelation shows the relationship between Horizon Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Horizon Securities Co.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Horizon Securities in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Horizon Securities' short interest history, or implied volatility extrapolated from Horizon Securities options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Horizon Securities Correlation, Horizon Securities Volatility and Horizon Securities Alpha and Beta module to complement your research on Horizon Securities. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Horizon Stock analysis
When running Horizon Securities' price analysis, check to measure Horizon Securities' 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 Horizon Securities is operating at the current time. Most of Horizon Securities' value examination focuses on studying past and present price action to predict the probability of Horizon Securities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Horizon Securities' price. Additionally, you may evaluate how the addition of Horizon Securities to your portfolios can decrease your overall portfolio volatility.
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