Honeywell International (Germany) Market Value
| ALD Stock | 219.80 4.40 2.04% |
| Symbol | Honeywell |
Honeywell International '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 Honeywell International'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 Honeywell International.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Honeywell International on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Honeywell International or generate 0.0% return on investment in Honeywell International over 30 days. Honeywell International is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. More
Honeywell International 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 Honeywell International'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 Honeywell International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.1306 | |||
| Maximum Drawdown | 7.22 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 2.43 |
Honeywell International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Honeywell International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Honeywell International's standard deviation. In reality, there are many statistical measures that can use Honeywell International historical prices to predict the future Honeywell International's volatility.| Risk Adjusted Performance | 0.1654 | |||
| Jensen Alpha | 0.2114 | |||
| Total Risk Alpha | 0.0998 | |||
| Sortino Ratio | 0.1294 | |||
| Treynor Ratio | 0.4182 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Honeywell International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Honeywell International Backtested Returns
Honeywell International appears to be very steady, given 3 months investment horizon. Honeywell International holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found thirty technical indicators for Honeywell International, which you can use to evaluate the volatility of the firm. Please utilize Honeywell International's Risk Adjusted Performance of 0.1654, downside deviation of 1.37, and Market Risk Adjusted Performance of 0.4282 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Honeywell International holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Honeywell International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Honeywell International is expected to be smaller as well. Please check Honeywell International's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Honeywell International's current trending patterns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Honeywell International has weak reverse predictability. Overlapping area represents the amount of predictability between Honeywell International time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Honeywell International price movement. The serial correlation of -0.22 indicates that over 22.0% of current Honeywell International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 25.28 |
Honeywell International lagged returns against current returns
Autocorrelation, which is Honeywell International 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 Honeywell International's stock expected returns. We can calculate the autocorrelation of Honeywell International returns to help us make a trade decision. For example, suppose you find that Honeywell International 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 |
Honeywell International 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 Honeywell International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Honeywell International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Honeywell International stock over time.
Current vs Lagged Prices |
| Timeline |
Honeywell International Lagged Returns
When evaluating Honeywell International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Honeywell International stock have on its future price. Honeywell International 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, Honeywell International autocorrelation shows the relationship between Honeywell International stock current value and its past values and can show if there is a momentum factor associated with investing in Honeywell International.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Honeywell Stock Analysis
When running Honeywell International's price analysis, check to measure Honeywell International'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 Honeywell International is operating at the current time. Most of Honeywell International's value examination focuses on studying past and present price action to predict the probability of Honeywell International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honeywell International's price. Additionally, you may evaluate how the addition of Honeywell International to your portfolios can decrease your overall portfolio volatility.