Himax Technologies Stock Market Value
HIMX Stock | USD 4.96 0.05 1.02% |
Symbol | Himax |
Is Himax Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Himax Technologies. If investors know Himax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Himax Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Himax Technologies is measured differently than its book value, which is the value of Himax that is recorded on the company's balance sheet. Investors also form their own opinion of Himax Technologies' value that differs from its market value or its book value, called intrinsic value, which is Himax Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Himax Technologies' market value can be influenced by many factors that don't directly affect Himax Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Himax Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Himax Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Himax Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Himax Technologies '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 Himax Technologies' 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 Himax Technologies.
03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Himax Technologies on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Himax Technologies or generate 0.0% return on investment in Himax Technologies over 30 days. Himax Technologies is related to or competes with ASE Industrial, United Microelectronics, MaxLinear, SemiLEDS, Silicon Motion, Taiwan Semiconductor, and Nano Labs. Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Ta... More
Himax Technologies 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 Himax Technologies' 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 Himax Technologies upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.18) | |||
Maximum Drawdown | 10.46 | |||
Value At Risk | (3.27) | |||
Potential Upside | 2.8 |
Himax Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Himax Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Himax Technologies' standard deviation. In reality, there are many statistical measures that can use Himax Technologies historical prices to predict the future Himax Technologies' volatility.Risk Adjusted Performance | (0.08) | |||
Jensen Alpha | (0.39) | |||
Total Risk Alpha | (0.53) | |||
Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Himax Technologies' 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.
Himax Technologies Backtested Returns
Himax Technologies holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Himax Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Himax Technologies' Risk Adjusted Performance of (0.08), standard deviation of 2.03, and Market Risk Adjusted Performance of (0.19) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.38, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Himax Technologies will likely underperform. Himax Technologies has an expected return of -0.27%. Please make sure to check out Himax Technologies jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Himax Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Himax Technologies has modest reverse predictability. Overlapping area represents the amount of predictability between Himax Technologies 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 Himax Technologies price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Himax Technologies price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.42 | |
Spearman Rank Test | -0.12 | |
Residual Average | 0.0 | |
Price Variance | 0.04 |
Himax Technologies lagged returns against current returns
Autocorrelation, which is Himax Technologies 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 Himax Technologies' stock expected returns. We can calculate the autocorrelation of Himax Technologies returns to help us make a trade decision. For example, suppose you find that Himax Technologies 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 |
Himax Technologies 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 Himax Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Himax Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Himax Technologies stock over time.
Current vs Lagged Prices |
Timeline |
Himax Technologies Lagged Returns
When evaluating Himax Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Himax Technologies stock have on its future price. Himax Technologies 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, Himax Technologies autocorrelation shows the relationship between Himax Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Himax Technologies.
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 Himax Technologies 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, Himax Technologies' short interest history, or implied volatility extrapolated from Himax Technologies options trading.
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Complementary Tools for Himax Stock analysis
When running Himax Technologies' price analysis, check to measure Himax Technologies' 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 Himax Technologies is operating at the current time. Most of Himax Technologies' value examination focuses on studying past and present price action to predict the probability of Himax Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Himax Technologies' price. Additionally, you may evaluate how the addition of Himax Technologies to your portfolios can decrease your overall portfolio volatility.
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Himax Technologies 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.