Taiwan Hon (Taiwan) Market Value
| 9939 Stock | TWD 155.50 0.50 0.32% |
| 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.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Taiwan Hon on March 26, 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 30 days. Taiwan Hon is related to or competes with Oriental Union, and China Man. 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 | 1.36 | |||
| Information Ratio | 0.1319 | |||
| Maximum Drawdown | 6.58 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.89 |
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 | 0.1251 | |||
| Jensen Alpha | 0.2918 | |||
| Total Risk Alpha | 0.0773 | |||
| Sortino Ratio | 0.1577 | |||
| Treynor Ratio | 3.42 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Taiwan Hon's 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.
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 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Taiwan Hon Chuan, which you can use to evaluate the volatility of the company. Please review Taiwan Hon's Semi Deviation of 1.09, risk adjusted performance of 0.1251, and Coefficient Of Variation of 524.48 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 0.0874, 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 coefficient of variation, jensen alpha, and 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 | 0.38 |
Below average predictability
Taiwan Hon Chuan has below average predictability. Overlapping area represents the amount of predictability between Taiwan Hon time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Taiwan Hon Chuan price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Taiwan Hon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 12.75 |
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 |
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 Taiwan Hon 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, Taiwan Hon's short interest history, or implied volatility extrapolated from Taiwan Hon options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Taiwan Hon Correlation, Taiwan Hon Volatility and Taiwan Hon Alpha and Beta module to complement your research on Taiwan Hon. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary 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.
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Stocks Directory Find actively traded stocks across global markets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |
Taiwan Hon technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.