HILONG HOLDING (Germany) Market Value
| 8HL Stock | EUR 0.01 0.00 0.00% |
| Symbol | HILONG |
HILONG HOLDING '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 HILONG HOLDING'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 HILONG HOLDING.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in HILONG HOLDING on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding HILONG HOLDING LTD or generate 0.0% return on investment in HILONG HOLDING over 30 days. HILONG HOLDING is related to or competes with SPORTING, National Retail, USWE SPORTS, Ross Stores, and Columbia Sportswear. Hilong Holding Limited, an investment holding company, provides oil field equipment and services worldwide More
HILONG HOLDING 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 HILONG HOLDING'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 HILONG HOLDING LTD upside and downside potential and time the market with a certain degree of confidence.
HILONG HOLDING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HILONG HOLDING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HILONG HOLDING's standard deviation. In reality, there are many statistical measures that can use HILONG HOLDING historical prices to predict the future HILONG HOLDING's volatility.HILONG HOLDING LTD Backtested Returns
We have found three technical indicators for HILONG HOLDING LTD, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and HILONG HOLDING are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
HILONG HOLDING LTD has perfect predictability. Overlapping area represents the amount of predictability between HILONG HOLDING time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 HILONG HOLDING LTD price movement. The serial correlation of 1.0 indicates that 100.0% of current HILONG HOLDING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HILONG HOLDING LTD lagged returns against current returns
Autocorrelation, which is HILONG HOLDING 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 HILONG HOLDING's stock expected returns. We can calculate the autocorrelation of HILONG HOLDING returns to help us make a trade decision. For example, suppose you find that HILONG HOLDING 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 |
HILONG HOLDING 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 HILONG HOLDING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HILONG HOLDING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HILONG HOLDING stock over time.
Current vs Lagged Prices |
| Timeline |
HILONG HOLDING Lagged Returns
When evaluating HILONG HOLDING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HILONG HOLDING stock have on its future price. HILONG HOLDING 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, HILONG HOLDING autocorrelation shows the relationship between HILONG HOLDING stock current value and its past values and can show if there is a momentum factor associated with investing in HILONG HOLDING LTD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HILONG Stock
HILONG HOLDING financial ratios help investors to determine whether HILONG 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 HILONG with respect to the benefits of owning HILONG HOLDING security.