HP (Germany) Market Value
| 7HP Stock | EUR 37.37 0.67 1.83% |
| Symbol | HP |
HP '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 HP'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 HP.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in HP on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding HP Inc or generate 0.0% return on investment in HP over 30 days. HP is related to or competes with COMINTL BANK, REVO INSURANCE, Methode Electronics, Mizuho Financial, and Samsung Electronics. HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, s... More
HP 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 HP'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 HP Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0508 | |||
| Maximum Drawdown | 10.52 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 3.38 |
HP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HP's standard deviation. In reality, there are many statistical measures that can use HP historical prices to predict the future HP's volatility.| Risk Adjusted Performance | 0.097 | |||
| Jensen Alpha | 0.1122 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0571 | |||
| Treynor Ratio | 0.2491 |
HP Inc Backtested Returns
HP appears to be very steady, given 3 months investment horizon. HP Inc retains Efficiency (Sharpe Ratio) of 0.14, which attests that the entity had a 0.14% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for HP, which you can use to evaluate the volatility of the firm. Please utilize HP's Market Risk Adjusted Performance of 0.2591, semi deviation of 1.45, and Standard Deviation of 1.88 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HP holds a performance score of 11. The company owns a Beta (Systematic Risk) of 0.86, which attests to possible diversification benefits within a given portfolio. HP returns are very sensitive to returns on the market. As the market goes up or down, HP is expected to follow. Please check HP's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether HP's current price history will revert.
Auto-correlation | 0.60 |
Good predictability
HP Inc has good predictability. Overlapping area represents the amount of predictability between HP time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 HP Inc price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current HP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
HP Inc lagged returns against current returns
Autocorrelation, which is HP 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 HP's stock expected returns. We can calculate the autocorrelation of HP returns to help us make a trade decision. For example, suppose you find that HP 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 |
HP 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 HP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HP stock over time.
Current vs Lagged Prices |
| Timeline |
HP Lagged Returns
When evaluating HP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HP stock have on its future price. HP 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, HP autocorrelation shows the relationship between HP stock current value and its past values and can show if there is a momentum factor associated with investing in HP Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in HP Stock
When determining whether HP Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if HP Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Hp Inc Stock:Check out HP Correlation, HP Volatility and HP Alpha and Beta module to complement your research on HP. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
HP technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.