First Hydrogen Corp Stock Market Value
| FHYDF Stock | USD 0.26 0.01 4.00% |
| Symbol | First |
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 pink sheet 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in First Hydrogen on October 27, 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 30 days. First Hydrogen is related to or competes with Isuzu Motors, Renault SA, Toyota, and Porsche Automobile. First Hydrogen Corp. focuses on zero-emission vehicles, green hydrogen production and distribution, and supercritical ca... 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 pink sheet 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 | (0.04) | |||
| Maximum Drawdown | 42.22 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 8.7 |
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 | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | 0.3155 |
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 -0.0193, which denotes the company had a -0.0193% 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 5.66, mean deviation of 3.49, and Variance of 32.03 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning First Hydrogen are expected to decrease at a much lower rate. During the bear market, First Hydrogen is likely to outperform the market. At this point, First Hydrogen Corp has a negative expected return of -0.0827%. Please make sure to confirm First Hydrogen's skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if First Hydrogen Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
First Hydrogen Corp has average predictability. Overlapping area represents the amount of predictability between First Hydrogen time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 0.44 indicates that just about 44.0% of current First Hydrogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
First Hydrogen Corp lagged returns against current returns
Autocorrelation, which is First Hydrogen pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if First Hydrogen pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in First Hydrogen pink sheet 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 pink sheet 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 pink sheet 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in First Pink Sheet
First Hydrogen financial ratios help investors to determine whether First Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in First with respect to the benefits of owning First Hydrogen security.