HYGEIA HC (Germany) Market Value
| 50I Stock | EUR 1.83 0.19 9.41% |
| Symbol | HYGEIA |
HYGEIA HC '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 HYGEIA HC'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 HYGEIA HC.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in HYGEIA HC on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding HYGEIA HC HLDGS or generate 0.0% return on investment in HYGEIA HC over 720 days. HYGEIA HC is related to or competes with Option Care, Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, and Intel. More
HYGEIA HC 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 HYGEIA HC'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 HYGEIA HC HLDGS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 39.67 | |||
| Value At Risk | (9.41) | |||
| Potential Upside | 10.55 |
HYGEIA HC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HYGEIA HC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HYGEIA HC's standard deviation. In reality, there are many statistical measures that can use HYGEIA HC historical prices to predict the future HYGEIA HC's volatility.| Risk Adjusted Performance | 0.0081 | |||
| Jensen Alpha | 0.0545 | |||
| Total Risk Alpha | (1.03) | |||
| Treynor Ratio | 0.0276 |
HYGEIA HC HLDGS Backtested Returns
HYGEIA HC HLDGS holds Efficiency (Sharpe) Ratio of -0.0013, which attests that the entity had a -0.0013% return per unit of return volatility over the last 3 months. HYGEIA HC HLDGS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HYGEIA HC's Risk Adjusted Performance of 0.0081, market risk adjusted performance of 0.0376, and Coefficient Of Variation of (104,556) 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 HYGEIA HC are expected to decrease at a much lower rate. During the bear market, HYGEIA HC is likely to outperform the market. At this point, HYGEIA HC HLDGS has a negative expected return of -0.0086%. Please make sure to check out HYGEIA HC's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if HYGEIA HC HLDGS performance from the past will be repeated at future time.
Auto-correlation | 0.38 |
Below average predictability
HYGEIA HC HLDGS has below average predictability. Overlapping area represents the amount of predictability between HYGEIA HC time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 HYGEIA HC HLDGS price movement. The serial correlation of 0.38 indicates that just about 38.0% of current HYGEIA HC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
HYGEIA HC HLDGS lagged returns against current returns
Autocorrelation, which is HYGEIA HC 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 HYGEIA HC's stock expected returns. We can calculate the autocorrelation of HYGEIA HC returns to help us make a trade decision. For example, suppose you find that HYGEIA HC 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 |
HYGEIA HC 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 HYGEIA HC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HYGEIA HC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HYGEIA HC stock over time.
Current vs Lagged Prices |
| Timeline |
HYGEIA HC Lagged Returns
When evaluating HYGEIA HC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HYGEIA HC stock have on its future price. HYGEIA HC 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, HYGEIA HC autocorrelation shows the relationship between HYGEIA HC stock current value and its past values and can show if there is a momentum factor associated with investing in HYGEIA HC HLDGS.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HYGEIA Stock
HYGEIA HC financial ratios help investors to determine whether HYGEIA 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 HYGEIA with respect to the benefits of owning HYGEIA HC security.