HACKETT GROUP (Germany) Market Value
| AWT Stock | 30.60 1.00 3.38% |
| Symbol | HACKETT |
HACKETT GROUP '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 HACKETT GROUP'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 HACKETT GROUP.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in HACKETT GROUP on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding HACKETT GROUP or generate 0.0% return on investment in HACKETT GROUP over 30 days. HACKETT GROUP is related to or competes with CVW CLEANTECH, CHINA TELECOM, Charter Communications, Laureate Education, Shenandoah Telecommunicatio, and Comba Telecom. More
HACKETT GROUP 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 HACKETT GROUP'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 HACKETT GROUP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.0973 | |||
| Maximum Drawdown | 19.2 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 3.54 |
HACKETT GROUP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HACKETT GROUP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HACKETT GROUP's standard deviation. In reality, there are many statistical measures that can use HACKETT GROUP historical prices to predict the future HACKETT GROUP's volatility.| Risk Adjusted Performance | 0.1101 | |||
| Jensen Alpha | 0.4343 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1557 | |||
| Treynor Ratio | (0.87) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HACKETT GROUP'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.
HACKETT GROUP Backtested Returns
HACKETT GROUP appears to be not too volatile, given 3 months investment horizon. HACKETT GROUP retains Efficiency (Sharpe Ratio) of 0.17, which attests that the company had a 0.17% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for HACKETT GROUP, which you can use to evaluate the volatility of the entity. Please utilize HACKETT GROUP's Downside Deviation of 1.73, market risk adjusted performance of (0.86), and Semi Deviation of 1.18 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HACKETT GROUP holds a performance score of 13. The firm owns a Beta (Systematic Risk) of -0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HACKETT GROUP are expected to decrease at a much lower rate. During the bear market, HACKETT GROUP is likely to outperform the market. Please check HACKETT GROUP's value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether HACKETT GROUP's current price history will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
HACKETT GROUP has very weak reverse predictability. Overlapping area represents the amount of predictability between HACKETT GROUP time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 HACKETT GROUP price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current HACKETT GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
HACKETT GROUP lagged returns against current returns
Autocorrelation, which is HACKETT GROUP 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 HACKETT GROUP's stock expected returns. We can calculate the autocorrelation of HACKETT GROUP returns to help us make a trade decision. For example, suppose you find that HACKETT GROUP 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 |
HACKETT GROUP 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 HACKETT GROUP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HACKETT GROUP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HACKETT GROUP stock over time.
Current vs Lagged Prices |
| Timeline |
HACKETT GROUP Lagged Returns
When evaluating HACKETT GROUP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HACKETT GROUP stock have on its future price. HACKETT GROUP 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, HACKETT GROUP autocorrelation shows the relationship between HACKETT GROUP stock current value and its past values and can show if there is a momentum factor associated with investing in HACKETT GROUP.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for HACKETT Stock Analysis
When running HACKETT GROUP's price analysis, check to measure HACKETT GROUP'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 HACKETT GROUP is operating at the current time. Most of HACKETT GROUP's value examination focuses on studying past and present price action to predict the probability of HACKETT GROUP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HACKETT GROUP's price. Additionally, you may evaluate how the addition of HACKETT GROUP to your portfolios can decrease your overall portfolio volatility.