HUTCHMED (Germany) Market Value
| H7T2 Stock | EUR 2.72 0.10 3.55% |
| Symbol | HUTCHMED |
HUTCHMED '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 HUTCHMED'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 HUTCHMED.
| 07/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in HUTCHMED on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding HUTCHMED LS 1 or generate 0.0% return on investment in HUTCHMED over 150 days. HUTCHMED is related to or competes with Computer, Casio Computer, Performance Food, AECOM TECHNOLOGY, TYSON FOODS, PKSHA TECHNOLOGY, and Lerøy Seafood. HUTCHMED Limited discovers, develops, and commercializes targeted therapeutics and immunotherapies for cancer and immuno... More
HUTCHMED 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 HUTCHMED'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 HUTCHMED LS 1 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | 5.0E-4 | |||
| Maximum Drawdown | 21.14 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 7.36 |
HUTCHMED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HUTCHMED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HUTCHMED's standard deviation. In reality, there are many statistical measures that can use HUTCHMED historical prices to predict the future HUTCHMED's volatility.| Risk Adjusted Performance | 0.015 | |||
| Jensen Alpha | 0.0236 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 6.0E-4 | |||
| Treynor Ratio | 0.3139 |
HUTCHMED LS 1 Backtested Returns
HUTCHMED LS 1 holds Efficiency (Sharpe) Ratio of -0.0047, which attests that the entity had a -0.0047% return per unit of volatility over the last 3 months. HUTCHMED LS 1 exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HUTCHMED's risk adjusted performance of 0.015, and Market Risk Adjusted Performance of 0.3239 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0813, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HUTCHMED's returns are expected to increase less than the market. However, during the bear market, the loss of holding HUTCHMED is expected to be smaller as well. At this point, HUTCHMED LS 1 has a negative expected return of -0.0192%. Please make sure to check out HUTCHMED's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if HUTCHMED LS 1 performance from the past will be repeated at some future point.
Auto-correlation | 0.19 |
Very weak predictability
HUTCHMED LS 1 has very weak predictability. Overlapping area represents the amount of predictability between HUTCHMED time series from 23rd of July 2024 to 6th of October 2024 and 6th of October 2024 to 20th 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 HUTCHMED LS 1 price movement. The serial correlation of 0.19 indicates that over 19.0% of current HUTCHMED price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
HUTCHMED LS 1 lagged returns against current returns
Autocorrelation, which is HUTCHMED 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 HUTCHMED's stock expected returns. We can calculate the autocorrelation of HUTCHMED returns to help us make a trade decision. For example, suppose you find that HUTCHMED 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 |
HUTCHMED 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 HUTCHMED stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HUTCHMED stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HUTCHMED stock over time.
Current vs Lagged Prices |
| Timeline |
HUTCHMED Lagged Returns
When evaluating HUTCHMED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HUTCHMED stock have on its future price. HUTCHMED 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, HUTCHMED autocorrelation shows the relationship between HUTCHMED stock current value and its past values and can show if there is a momentum factor associated with investing in HUTCHMED LS 1.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HUTCHMED Stock
HUTCHMED financial ratios help investors to determine whether HUTCHMED 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 HUTCHMED with respect to the benefits of owning HUTCHMED security.