Haiwan International (Taiwan) Market Value
| 3252 Stock | TWD 22.45 0.85 3.94% |
| Symbol | Haiwan |
Haiwan International '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 Haiwan International'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 Haiwan International.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Haiwan International on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Haiwan International Development or generate 0.0% return on investment in Haiwan International over 30 days. Haiwan International is related to or competes with Ambassador Hotel, Lion Travel, Chateau International, First Hotel, and FDC International. More
Haiwan International 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 Haiwan International'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 Haiwan International Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0424 | |||
| Maximum Drawdown | 5.16 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 2.2 |
Haiwan International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Haiwan International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haiwan International's standard deviation. In reality, there are many statistical measures that can use Haiwan International historical prices to predict the future Haiwan International's volatility.| Risk Adjusted Performance | 0.0622 | |||
| Jensen Alpha | 0.0891 | |||
| Total Risk Alpha | 0.0128 | |||
| Sortino Ratio | 0.0443 | |||
| Treynor Ratio | 0.7899 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Haiwan International'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.
Haiwan International Backtested Returns
We consider Haiwan International very steady. Haiwan International holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Haiwan International, which you can use to evaluate the volatility of the firm. Please check out Haiwan International's Market Risk Adjusted Performance of 0.7999, downside deviation of 1.11, and Risk Adjusted Performance of 0.0622 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Haiwan International has a performance score of 8 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Haiwan International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Haiwan International is expected to be smaller as well. Haiwan International right now retains a risk of 1.28%. Please check out Haiwan International downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Haiwan International will be following its current trending patterns.
Auto-correlation | 0.02 |
Virtually no predictability
Haiwan International Development has virtually no predictability. Overlapping area represents the amount of predictability between Haiwan International time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Haiwan International price movement. The serial correlation of 0.02 indicates that only 2.0% of current Haiwan International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Haiwan International lagged returns against current returns
Autocorrelation, which is Haiwan International 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 Haiwan International's stock expected returns. We can calculate the autocorrelation of Haiwan International returns to help us make a trade decision. For example, suppose you find that Haiwan International 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 |
Haiwan International 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 Haiwan International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haiwan International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haiwan International stock over time.
Current vs Lagged Prices |
| Timeline |
Haiwan International Lagged Returns
When evaluating Haiwan International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haiwan International stock have on its future price. Haiwan International 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, Haiwan International autocorrelation shows the relationship between Haiwan International stock current value and its past values and can show if there is a momentum factor associated with investing in Haiwan International Development.
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 Haiwan International 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, Haiwan International's short interest history, or implied volatility extrapolated from Haiwan International options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Haiwan International Correlation, Haiwan International Volatility and Haiwan International Alpha and Beta module to complement your research on Haiwan International. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Haiwan Stock analysis
When running Haiwan International's price analysis, check to measure Haiwan International'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 Haiwan International is operating at the current time. Most of Haiwan International's value examination focuses on studying past and present price action to predict the probability of Haiwan International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Haiwan International's price. Additionally, you may evaluate how the addition of Haiwan International to your portfolios can decrease your overall portfolio volatility.
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Haiwan International 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.