Hastings Technology (Germany) Market Value
| 5AM Stock | EUR 0.18 0.02 12.50% |
| Symbol | Hastings |
Hastings Technology '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 Hastings Technology'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 Hastings Technology.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Hastings Technology on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hastings Technology Metals or generate 0.0% return on investment in Hastings Technology over 30 days. Hastings Technology is related to or competes with BHP Group, BHP Group, Rio Tinto, Rio Tinto, Vale SA, Vale SA, and Glencore Plc. Hastings Technology Metals Limited engages in the exploration and development of natural resource properties in Australi... More
Hastings Technology 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 Hastings Technology'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 Hastings Technology Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.98 | |||
| Information Ratio | 0.0431 | |||
| Maximum Drawdown | 33.04 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 13.33 |
Hastings Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hastings Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hastings Technology's standard deviation. In reality, there are many statistical measures that can use Hastings Technology historical prices to predict the future Hastings Technology's volatility.| Risk Adjusted Performance | 0.0554 | |||
| Jensen Alpha | 0.3348 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0309 | |||
| Treynor Ratio | 0.5475 |
Hastings Technology Backtested Returns
Hastings Technology appears to be out of control, given 3 months investment horizon. Hastings Technology holds Efficiency (Sharpe) Ratio of 0.0755, which attests that the entity had a 0.0755% return per unit of risk over the last 3 months. By evaluating Hastings Technology's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Hastings Technology's Market Risk Adjusted Performance of 0.5575, downside deviation of 9.98, and Risk Adjusted Performance of 0.0554 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hastings Technology holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hastings Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hastings Technology is expected to be smaller as well. Please check Hastings Technology's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Hastings Technology's current trending patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Hastings Technology Metals has modest predictability. Overlapping area represents the amount of predictability between Hastings Technology time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Hastings Technology price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Hastings Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hastings Technology lagged returns against current returns
Autocorrelation, which is Hastings Technology 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 Hastings Technology's stock expected returns. We can calculate the autocorrelation of Hastings Technology returns to help us make a trade decision. For example, suppose you find that Hastings Technology 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 |
Hastings Technology 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 Hastings Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hastings Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hastings Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Hastings Technology Lagged Returns
When evaluating Hastings Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hastings Technology stock have on its future price. Hastings Technology 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, Hastings Technology autocorrelation shows the relationship between Hastings Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Hastings Technology Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hastings Stock
Hastings Technology financial ratios help investors to determine whether Hastings 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 Hastings with respect to the benefits of owning Hastings Technology security.