HYBRIGENICS (Germany) Market Value
| 3HB Stock | EUR 0.01 0.0002 2.53% |
| Symbol | HYBRIGENICS |
HYBRIGENICS '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 HYBRIGENICS'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 HYBRIGENICS.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in HYBRIGENICS on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding HYBRIGENICS A or generate 0.0% return on investment in HYBRIGENICS over 570 days. HYBRIGENICS is related to or competes with PLAY2CHILL, LG Display, PLAYTIKA HOLDING, Gaztransport Technigaz, Sporttotal, and PLAYTECH. More
HYBRIGENICS 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 HYBRIGENICS'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 HYBRIGENICS A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.47 | |||
| Information Ratio | 0.0671 | |||
| Maximum Drawdown | 38.01 | |||
| Value At Risk | (9.30) | |||
| Potential Upside | 15.66 |
HYBRIGENICS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HYBRIGENICS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HYBRIGENICS's standard deviation. In reality, there are many statistical measures that can use HYBRIGENICS historical prices to predict the future HYBRIGENICS's volatility.| Risk Adjusted Performance | 0.075 | |||
| Jensen Alpha | 0.4315 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | 0.0675 | |||
| Treynor Ratio | 0.5261 |
HYBRIGENICS A Backtested Returns
HYBRIGENICS appears to be out of control, given 3 months investment horizon. HYBRIGENICS A retains Efficiency (Sharpe Ratio) of 0.0661, which attests that the entity had a 0.0661% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for HYBRIGENICS, which you can use to evaluate the volatility of the firm. Please utilize HYBRIGENICS's Downside Deviation of 6.47, semi deviation of 5.02, and Market Risk Adjusted Performance of 0.5361 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HYBRIGENICS holds a performance score of 5. The company owns a Beta (Systematic Risk) of 1.05, which attests to a somewhat significant risk relative to the market. HYBRIGENICS returns are very sensitive to returns on the market. As the market goes up or down, HYBRIGENICS is expected to follow. Please check HYBRIGENICS's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether HYBRIGENICS's current price history will revert.
Auto-correlation | -0.54 |
Good reverse predictability
HYBRIGENICS A has good reverse predictability. Overlapping area represents the amount of predictability between HYBRIGENICS time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 HYBRIGENICS A price movement. The serial correlation of -0.54 indicates that about 54.0% of current HYBRIGENICS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HYBRIGENICS A lagged returns against current returns
Autocorrelation, which is HYBRIGENICS 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 HYBRIGENICS's stock expected returns. We can calculate the autocorrelation of HYBRIGENICS returns to help us make a trade decision. For example, suppose you find that HYBRIGENICS 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 |
HYBRIGENICS 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 HYBRIGENICS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HYBRIGENICS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HYBRIGENICS stock over time.
Current vs Lagged Prices |
| Timeline |
HYBRIGENICS Lagged Returns
When evaluating HYBRIGENICS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HYBRIGENICS stock have on its future price. HYBRIGENICS 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, HYBRIGENICS autocorrelation shows the relationship between HYBRIGENICS stock current value and its past values and can show if there is a momentum factor associated with investing in HYBRIGENICS A .
Regressed Prices |
| Timeline |
Also Currently Popular
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 HYBRIGENICS Stock
HYBRIGENICS financial ratios help investors to determine whether HYBRIGENICS 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 HYBRIGENICS with respect to the benefits of owning HYBRIGENICS security.