AUTO HALL's market value is the price at which a share of AUTO HALL trades on a public exchange. It measures the collective expectations of AUTO HALL investors about its performance. AUTO HALL is trading at 65.02 as of the 1st of December 2024, a 4.87 percent up since the beginning of the trading day. The stock's open price was 62.0. With this module, you can estimate the performance of a buy and hold strategy of AUTO HALL and determine expected loss or profit from investing in AUTO HALL over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
AUTO
AUTO HALL '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 AUTO HALL'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 AUTO HALL.
0.00
09/02/2024
No Change 0.00
0.0
In 3 months and 1 day
12/01/2024
0.00
If you would invest 0.00 in AUTO HALL on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding AUTO HALL or generate 0.0% return on investment in AUTO HALL over 90 days.
AUTO HALL 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 AUTO HALL'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 AUTO HALL upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for AUTO HALL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AUTO HALL's standard deviation. In reality, there are many statistical measures that can use AUTO HALL historical prices to predict the future AUTO HALL's volatility.
AUTO HALL secures Sharpe Ratio (or Efficiency) of -0.0368, which signifies that the company had a -0.0368% return per unit of risk over the last 3 months. AUTO HALL exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AUTO HALL's mean deviation of 1.07, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AUTO HALL's returns are expected to increase less than the market. However, during the bear market, the loss of holding AUTO HALL is expected to be smaller as well. At this point, AUTO HALL has a negative expected return of -0.0747%. Please make sure to confirm AUTO HALL's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if AUTO HALL performance from the past will be repeated at future time.
Auto-correlation
0.07
Virtually no predictability
AUTO HALL has virtually no predictability. Overlapping area represents the amount of predictability between AUTO HALL time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 AUTO HALL price movement. The serial correlation of 0.07 indicates that barely 7.0% of current AUTO HALL price fluctuation can be explain by its past prices.
Correlation Coefficient
0.07
Spearman Rank Test
0.08
Residual Average
0.0
Price Variance
3.28
AUTO HALL lagged returns against current returns
Autocorrelation, which is AUTO HALL 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 AUTO HALL's stock expected returns. We can calculate the autocorrelation of AUTO HALL returns to help us make a trade decision. For example, suppose you find that AUTO HALL 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
AUTO HALL 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 AUTO HALL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AUTO HALL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AUTO HALL stock over time.
Current vs Lagged Prices
Timeline
AUTO HALL Lagged Returns
When evaluating AUTO HALL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AUTO HALL stock have on its future price. AUTO HALL 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, AUTO HALL autocorrelation shows the relationship between AUTO HALL stock current value and its past values and can show if there is a momentum factor associated with investing in AUTO HALL.
Regressed Prices
Timeline
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