Hexagon Purus (Germany) Market Value
| 0QJ Stock | EUR 0.47 0.01 2.08% |
| Symbol | Hexagon |
Hexagon Purus '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 Hexagon Purus' 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 Hexagon Purus.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hexagon Purus on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Hexagon Purus AS or generate 0.0% return on investment in Hexagon Purus over 30 days. Hexagon Purus is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
Hexagon Purus 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 Hexagon Purus' 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 Hexagon Purus AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 26.33 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 4.76 |
Hexagon Purus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hexagon Purus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hexagon Purus' standard deviation. In reality, there are many statistical measures that can use Hexagon Purus historical prices to predict the future Hexagon Purus' volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.88) | |||
| Total Risk Alpha | (1.53) | |||
| Treynor Ratio | (1.52) |
Hexagon Purus AS Backtested Returns
Hexagon Purus AS holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Hexagon Purus AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hexagon Purus' Risk Adjusted Performance of (0.13), market risk adjusted performance of (1.51), and Standard Deviation of 4.34 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hexagon Purus' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hexagon Purus is expected to be smaller as well. At this point, Hexagon Purus AS has a negative expected return of -0.82%. Please make sure to check out Hexagon Purus' value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Hexagon Purus AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
Hexagon Purus AS has very weak reverse predictability. Overlapping area represents the amount of predictability between Hexagon Purus time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Hexagon Purus AS price movement. The serial correlation of -0.02 indicates that only 2.0% of current Hexagon Purus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hexagon Purus AS lagged returns against current returns
Autocorrelation, which is Hexagon Purus 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 Hexagon Purus' stock expected returns. We can calculate the autocorrelation of Hexagon Purus returns to help us make a trade decision. For example, suppose you find that Hexagon Purus 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 |
Hexagon Purus 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 Hexagon Purus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hexagon Purus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hexagon Purus stock over time.
Current vs Lagged Prices |
| Timeline |
Hexagon Purus Lagged Returns
When evaluating Hexagon Purus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hexagon Purus stock have on its future price. Hexagon Purus 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, Hexagon Purus autocorrelation shows the relationship between Hexagon Purus stock current value and its past values and can show if there is a momentum factor associated with investing in Hexagon Purus AS.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Hexagon Stock
Hexagon Purus financial ratios help investors to determine whether Hexagon Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hexagon with respect to the benefits of owning Hexagon Purus security.