HAVILA SHIPPING (Germany) Market Value
| H4S Stock | EUR 0.21 0.01 4.55% |
| Symbol | HAVILA |
HAVILA SHIPPING '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 HAVILA SHIPPING'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 HAVILA SHIPPING.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in HAVILA SHIPPING on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding HAVILA SHIPPING or generate 0.0% return on investment in HAVILA SHIPPING over 30 days. HAVILA SHIPPING is related to or competes with TRAVEL LEISURE, KOOL2PLAY, Columbia Sportswear, Suntory Beverage, COLUMBIA SPORTSWEAR, JD SPORTS, and Tsingtao Brewery. More
HAVILA SHIPPING 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 HAVILA SHIPPING'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 HAVILA SHIPPING upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 30.95 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 8.7 |
HAVILA SHIPPING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HAVILA SHIPPING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HAVILA SHIPPING's standard deviation. In reality, there are many statistical measures that can use HAVILA SHIPPING historical prices to predict the future HAVILA SHIPPING's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (1.03) | |||
| Total Risk Alpha | (1.89) | |||
| Treynor Ratio | (4.83) |
HAVILA SHIPPING Backtested Returns
HAVILA SHIPPING holds Efficiency (Sharpe) Ratio of -0.15, which attests that the company had a -0.15% return per unit of volatility over the last 3 months. HAVILA SHIPPING exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HAVILA SHIPPING's coefficient of variation of (584.34), and Market Risk Adjusted Performance of (4.82) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HAVILA SHIPPING's returns are expected to increase less than the market. However, during the bear market, the loss of holding HAVILA SHIPPING is expected to be smaller as well. At this point, HAVILA SHIPPING has a negative expected return of -0.87%. Please make sure to check out HAVILA SHIPPING's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if HAVILA SHIPPING performance from the past will be repeated in the future.
Auto-correlation | 0.68 |
Good predictability
HAVILA SHIPPING has good predictability. Overlapping area represents the amount of predictability between HAVILA SHIPPING time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 HAVILA SHIPPING price movement. The serial correlation of 0.68 indicates that around 68.0% of current HAVILA SHIPPING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HAVILA SHIPPING lagged returns against current returns
Autocorrelation, which is HAVILA SHIPPING 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 HAVILA SHIPPING's stock expected returns. We can calculate the autocorrelation of HAVILA SHIPPING returns to help us make a trade decision. For example, suppose you find that HAVILA SHIPPING 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 |
HAVILA SHIPPING 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 HAVILA SHIPPING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HAVILA SHIPPING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HAVILA SHIPPING stock over time.
Current vs Lagged Prices |
| Timeline |
HAVILA SHIPPING Lagged Returns
When evaluating HAVILA SHIPPING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HAVILA SHIPPING stock have on its future price. HAVILA SHIPPING 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, HAVILA SHIPPING autocorrelation shows the relationship between HAVILA SHIPPING stock current value and its past values and can show if there is a momentum factor associated with investing in HAVILA SHIPPING.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in HAVILA Stock
HAVILA SHIPPING financial ratios help investors to determine whether HAVILA Stock 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 HAVILA with respect to the benefits of owning HAVILA SHIPPING security.