Hafnia (Germany) Market Value
| 1OQ Stock | EUR 5.58 0.16 2.95% |
| Symbol | Hafnia |
Hafnia '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 Hafnia'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 Hafnia.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Hafnia on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Hafnia Limited or generate 0.0% return on investment in Hafnia over 390 days. Hafnia is related to or competes with JAPAN TOBACCO, Digilife Technologies, NISSIN FOODS, AAC TECHNOLOGHLDGADR, ORMAT TECHNOLOGIES, Collins Foods, and Playtech Plc. The company operates through four segments Long Range II , Long Range I , Medium Range , and Handy size More
Hafnia 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 Hafnia'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 Hafnia Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 23.91 | |||
| Value At Risk | (7.74) | |||
| Potential Upside | 5.43 |
Hafnia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hafnia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hafnia's standard deviation. In reality, there are many statistical measures that can use Hafnia historical prices to predict the future Hafnia's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | 0.3824 |
Hafnia Limited Backtested Returns
Hafnia Limited holds Efficiency (Sharpe) Ratio of -0.0419, which attests that the entity had a -0.0419% return per unit of risk over the last 3 months. Hafnia Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hafnia's Risk Adjusted Performance of (0.03), market risk adjusted performance of 0.3924, and Standard Deviation of 4.32 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hafnia are expected to decrease at a much lower rate. During the bear market, Hafnia is likely to outperform the market. At this point, Hafnia Limited has a negative expected return of -0.18%. Please make sure to check out Hafnia's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Hafnia Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.86 |
Excellent reverse predictability
Hafnia Limited has excellent reverse predictability. Overlapping area represents the amount of predictability between Hafnia time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 Hafnia Limited price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Hafnia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Hafnia Limited lagged returns against current returns
Autocorrelation, which is Hafnia 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 Hafnia's stock expected returns. We can calculate the autocorrelation of Hafnia returns to help us make a trade decision. For example, suppose you find that Hafnia 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 |
Hafnia 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 Hafnia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hafnia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hafnia stock over time.
Current vs Lagged Prices |
| Timeline |
Hafnia Lagged Returns
When evaluating Hafnia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hafnia stock have on its future price. Hafnia 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, Hafnia autocorrelation shows the relationship between Hafnia stock current value and its past values and can show if there is a momentum factor associated with investing in Hafnia Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Hafnia Stock
When determining whether Hafnia Limited offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hafnia's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hafnia Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hafnia Limited Stock:Check out Hafnia Correlation, Hafnia Volatility and Hafnia Alpha and Beta module to complement your research on Hafnia. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Hafnia 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.