Hana Microelectronics (Thailand) Market Value
| HANA Stock | THB 39.25 0.25 0.63% |
| Symbol | Hana |
Hana Microelectronics '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 Hana Microelectronics' 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 Hana Microelectronics.
| 03/28/2024 |
| 04/27/2024 |
If you would invest 0.00 in Hana Microelectronics on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hana Microelectronics Public or generate 0.0% return on investment in Hana Microelectronics over 30 days. Hana Microelectronics is related to or competes with KCE Electronics, Land, Delta Electronics, Siam Cement, and Bangkok Bank. Hana Microelectronics Public Company Limited, together with its subsidiaries, manufactures and trades in electronic comp... More
Hana Microelectronics 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 Hana Microelectronics' 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 Hana Microelectronics Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 16.85 | |||
| Value At Risk | (4.59) | |||
| Potential Upside | 3.31 |
Hana Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hana Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hana Microelectronics' standard deviation. In reality, there are many statistical measures that can use Hana Microelectronics historical prices to predict the future Hana Microelectronics' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 1.27 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hana Microelectronics' 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.
Hana Microelectronics Backtested Returns
Hana Microelectronics holds Efficiency (Sharpe) Ratio of -0.0902, which attests that the entity had a -0.0902% return per unit of risk over the last 3 months. Hana Microelectronics exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hana Microelectronics' Market Risk Adjusted Performance of 1.28, standard deviation of 2.66, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hana Microelectronics are expected to decrease at a much lower rate. During the bear market, Hana Microelectronics is likely to outperform the market. Hana Microelectronics has an expected return of -0.24%. Please make sure to check out Hana Microelectronics total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Hana Microelectronics performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Hana Microelectronics Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hana Microelectronics time series from 28th of March 2024 to 12th of April 2024 and 12th of April 2024 to 27th 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 Hana Microelectronics price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Hana Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.76 |
Hana Microelectronics lagged returns against current returns
Autocorrelation, which is Hana Microelectronics 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 Hana Microelectronics' stock expected returns. We can calculate the autocorrelation of Hana Microelectronics returns to help us make a trade decision. For example, suppose you find that Hana Microelectronics 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 |
Hana Microelectronics 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 Hana Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hana Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hana Microelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
Hana Microelectronics Lagged Returns
When evaluating Hana Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hana Microelectronics stock have on its future price. Hana Microelectronics 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, Hana Microelectronics autocorrelation shows the relationship between Hana Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Hana Microelectronics Public.
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 Hana Microelectronics 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, Hana Microelectronics' short interest history, or implied volatility extrapolated from Hana Microelectronics options trading.
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Complementary Tools for Hana Stock analysis
When running Hana Microelectronics' price analysis, check to measure Hana Microelectronics' 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 Hana Microelectronics is operating at the current time. Most of Hana Microelectronics' value examination focuses on studying past and present price action to predict the probability of Hana Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hana Microelectronics' price. Additionally, you may evaluate how the addition of Hana Microelectronics to your portfolios can decrease your overall portfolio volatility.
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Hana Microelectronics 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.