Hoffmann Green (France) Market Value
| ALHGR Stock | EUR 5.00 0.60 13.64% |
| Symbol | Hoffmann |
Hoffmann Green '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 Hoffmann Green'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 Hoffmann Green.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Hoffmann Green on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Hoffmann Green Cement or generate 0.0% return on investment in Hoffmann Green over 210 days. Hoffmann Green is related to or competes with Carbios, Voltalia, Neoen SA, and Kalray SA. Hoffmann Green Cement Technologies Socit anonyme manufactures and sells low carbon cement More
Hoffmann Green 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 Hoffmann Green'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 Hoffmann Green Cement upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 15.41 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 2.99 |
Hoffmann Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hoffmann Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hoffmann Green's standard deviation. In reality, there are many statistical measures that can use Hoffmann Green historical prices to predict the future Hoffmann Green's volatility.| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (0.92) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | (2.20) |
Hoffmann Green Cement Backtested Returns
Hoffmann Green Cement holds Efficiency (Sharpe) Ratio of -0.27, which attests that the entity had a -0.27% return per unit of risk over the last 3 months. Hoffmann Green Cement exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hoffmann Green's Market Risk Adjusted Performance of (2.19), standard deviation of 3.22, and Risk Adjusted Performance of (0.20) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hoffmann Green's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hoffmann Green is expected to be smaller as well. At this point, Hoffmann Green Cement has a negative expected return of -0.87%. Please make sure to check out Hoffmann Green's total risk alpha, as well as the relationship between the skewness and day median price , to decide if Hoffmann Green Cement performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.89 |
Very good predictability
Hoffmann Green Cement has very good predictability. Overlapping area represents the amount of predictability between Hoffmann Green time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Hoffmann Green Cement price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Hoffmann Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 2.88 |
Hoffmann Green Cement lagged returns against current returns
Autocorrelation, which is Hoffmann Green 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 Hoffmann Green's stock expected returns. We can calculate the autocorrelation of Hoffmann Green returns to help us make a trade decision. For example, suppose you find that Hoffmann Green 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 |
Hoffmann Green 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 Hoffmann Green stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hoffmann Green stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hoffmann Green stock over time.
Current vs Lagged Prices |
| Timeline |
Hoffmann Green Lagged Returns
When evaluating Hoffmann Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hoffmann Green stock have on its future price. Hoffmann Green 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, Hoffmann Green autocorrelation shows the relationship between Hoffmann Green stock current value and its past values and can show if there is a momentum factor associated with investing in Hoffmann Green Cement.
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 Hoffmann Stock Analysis
When running Hoffmann Green's price analysis, check to measure Hoffmann Green'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 Hoffmann Green is operating at the current time. Most of Hoffmann Green's value examination focuses on studying past and present price action to predict the probability of Hoffmann Green's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hoffmann Green's price. Additionally, you may evaluate how the addition of Hoffmann Green to your portfolios can decrease your overall portfolio volatility.