First Hydrogen Corp Stock Market Value
| FHYD Stock | 0.33 0.02 5.71% |
| Symbol | First |
First Hydrogen Corp Price To Book Ratio
First Hydrogen '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 First Hydrogen'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 First Hydrogen.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in First Hydrogen on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding First Hydrogen Corp or generate 0.0% return on investment in First Hydrogen over 180 days. First Hydrogen is related to or competes with JPMorgan Chase, Bank of America, Royal Bank, Royal Bank, Royal Bank, Royal Bank, and Royal Bank. First Hydrogen is entity of Canada. It is traded as Stock on V exchange. More
First Hydrogen 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 First Hydrogen'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 First Hydrogen Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 40.87 | |||
| Value At Risk | (5.71) | |||
| Potential Upside | 7.5 |
First Hydrogen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for First Hydrogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as First Hydrogen's standard deviation. In reality, there are many statistical measures that can use First Hydrogen historical prices to predict the future First Hydrogen's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | 0.1825 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of First Hydrogen'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.
First Hydrogen Corp Backtested Returns
First Hydrogen Corp secures Sharpe Ratio (or Efficiency) of -0.0699, which denotes the company had a -0.0699% return per unit of risk over the last 3 months. First Hydrogen Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm First Hydrogen's Standard Deviation of 5.16, mean deviation of 3.14, and Variance of 26.65 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.14, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning First Hydrogen are expected to decrease slowly. On the other hand, during market turmoil, First Hydrogen is expected to outperform it slightly. At this point, First Hydrogen Corp has a negative expected return of -0.37%. Please make sure to confirm First Hydrogen's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if First Hydrogen Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
First Hydrogen Corp has good predictability. Overlapping area represents the amount of predictability between First Hydrogen time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 First Hydrogen Corp price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current First Hydrogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First Hydrogen Corp lagged returns against current returns
Autocorrelation, which is First Hydrogen 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 First Hydrogen's stock expected returns. We can calculate the autocorrelation of First Hydrogen returns to help us make a trade decision. For example, suppose you find that First Hydrogen 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 |
First Hydrogen 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 First Hydrogen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Hydrogen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Hydrogen stock over time.
Current vs Lagged Prices |
| Timeline |
First Hydrogen Lagged Returns
When evaluating First Hydrogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of First Hydrogen stock have on its future price. First Hydrogen 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, First Hydrogen autocorrelation shows the relationship between First Hydrogen stock current value and its past values and can show if there is a momentum factor associated with investing in First Hydrogen Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for First Stock Analysis
When running First Hydrogen's price analysis, check to measure First Hydrogen'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 First Hydrogen is operating at the current time. Most of First Hydrogen's value examination focuses on studying past and present price action to predict the probability of First Hydrogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Hydrogen's price. Additionally, you may evaluate how the addition of First Hydrogen to your portfolios can decrease your overall portfolio volatility.