Haier Smart (Germany) Market Value
| 690D Stock | 1.75 0.03 1.69% |
| Symbol | Haier |
Haier Smart '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 Haier Smart'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 Haier Smart.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Haier Smart on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Haier Smart Home or generate 0.0% return on investment in Haier Smart over 180 days. Haier Smart is related to or competes with Commercial Vehicle, CARSALESCOM, DELTA AIR, Air New, Corsair Gaming, Alaska Air, and Cars. More
Haier Smart 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 Haier Smart'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 Haier Smart Home upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | 0.0408 | |||
| Maximum Drawdown | 11.05 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 4.93 |
Haier Smart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Haier Smart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haier Smart's standard deviation. In reality, there are many statistical measures that can use Haier Smart historical prices to predict the future Haier Smart's volatility.| Risk Adjusted Performance | 0.0835 | |||
| Jensen Alpha | 0.2159 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0481 | |||
| Treynor Ratio | (2.52) |
Haier Smart Home Backtested Returns
Haier Smart appears to be risky, given 3 months investment horizon. Haier Smart Home holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Haier Smart Home, which you can use to evaluate the volatility of the firm. Please utilize Haier Smart's Risk Adjusted Performance of 0.0835, market risk adjusted performance of (2.51), and Downside Deviation of 1.82 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Haier Smart holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.0819, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Haier Smart are expected to decrease at a much lower rate. During the bear market, Haier Smart is likely to outperform the market. Please check Haier Smart's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Haier Smart's current trending patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Haier Smart Home has modest reverse predictability. Overlapping area represents the amount of predictability between Haier Smart time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Haier Smart Home price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Haier Smart price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Haier Smart Home lagged returns against current returns
Autocorrelation, which is Haier Smart 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 Haier Smart's stock expected returns. We can calculate the autocorrelation of Haier Smart returns to help us make a trade decision. For example, suppose you find that Haier Smart 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 |
Haier Smart 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 Haier Smart stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haier Smart stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haier Smart stock over time.
Current vs Lagged Prices |
| Timeline |
Haier Smart Lagged Returns
When evaluating Haier Smart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haier Smart stock have on its future price. Haier Smart 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, Haier Smart autocorrelation shows the relationship between Haier Smart stock current value and its past values and can show if there is a momentum factor associated with investing in Haier Smart Home.
Regressed Prices |
| Timeline |
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Additional Tools for Haier Stock Analysis
When running Haier Smart's price analysis, check to measure Haier Smart'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 Haier Smart is operating at the current time. Most of Haier Smart's value examination focuses on studying past and present price action to predict the probability of Haier Smart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Haier Smart's price. Additionally, you may evaluate how the addition of Haier Smart to your portfolios can decrease your overall portfolio volatility.