HIRATA Corp (Germany) Market Value
| 1ZM Stock | 32.00 0.20 0.63% |
| Symbol | HIRATA |
HIRATA Corp '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 HIRATA Corp'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 HIRATA Corp.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in HIRATA Corp on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding HIRATA Corp or generate 0.0% return on investment in HIRATA Corp over 30 days.
HIRATA Corp 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 HIRATA Corp'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 HIRATA Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.86 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 3.85 |
HIRATA Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HIRATA Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HIRATA Corp's standard deviation. In reality, there are many statistical measures that can use HIRATA Corp historical prices to predict the future HIRATA Corp's volatility.| Risk Adjusted Performance | 0.0388 | |||
| Jensen Alpha | 0.0226 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1609 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HIRATA Corp'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.
HIRATA Corp Backtested Returns
Currently, HIRATA Corp is very steady. HIRATA Corp holds Efficiency (Sharpe) Ratio of 0.0195, which attests that the entity had a 0.0195% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for HIRATA Corp, which you can use to evaluate the volatility of the firm. Please check out HIRATA Corp's risk adjusted performance of 0.0388, and Market Risk Adjusted Performance of 0.1709 to validate if the risk estimate we provide is consistent with the expected return of 0.0393%. HIRATA Corp has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HIRATA Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding HIRATA Corp is expected to be smaller as well. HIRATA Corp currently retains a risk of 2.02%. Please check out HIRATA Corp potential upside, daily balance of power, and the relationship between the treynor ratio and expected short fall , to decide if HIRATA Corp will be following its current trending patterns.
Auto-correlation | 0.61 |
Good predictability
HIRATA Corp has good predictability. Overlapping area represents the amount of predictability between HIRATA Corp time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 HIRATA Corp price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current HIRATA Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
HIRATA Corp lagged returns against current returns
Autocorrelation, which is HIRATA Corp 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 HIRATA Corp's stock expected returns. We can calculate the autocorrelation of HIRATA Corp returns to help us make a trade decision. For example, suppose you find that HIRATA Corp 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 |
HIRATA Corp 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 HIRATA Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HIRATA Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HIRATA Corp stock over time.
Current vs Lagged Prices |
| Timeline |
HIRATA Corp Lagged Returns
When evaluating HIRATA Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HIRATA Corp stock have on its future price. HIRATA Corp 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, HIRATA Corp autocorrelation shows the relationship between HIRATA Corp stock current value and its past values and can show if there is a momentum factor associated with investing in HIRATA Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for HIRATA Stock Analysis
When running HIRATA Corp's price analysis, check to measure HIRATA Corp'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 HIRATA Corp is operating at the current time. Most of HIRATA Corp's value examination focuses on studying past and present price action to predict the probability of HIRATA Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HIRATA Corp's price. Additionally, you may evaluate how the addition of HIRATA Corp to your portfolios can decrease your overall portfolio volatility.