Herc Holdings (Germany) Market Value
| H9B1 Stock | 216.00 2.00 0.92% |
| Symbol | Herc |
Herc Holdings '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 Herc Holdings' 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 Herc Holdings.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Herc Holdings on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Herc Holdings or generate 0.0% return on investment in Herc Holdings over 30 days. Herc Holdings is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
Herc Holdings 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 Herc Holdings' 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 Herc Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.2365 | |||
| Maximum Drawdown | 21.89 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 6.12 |
Herc Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Herc Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Herc Holdings' standard deviation. In reality, there are many statistical measures that can use Herc Holdings historical prices to predict the future Herc Holdings' volatility.| Risk Adjusted Performance | 0.2195 | |||
| Jensen Alpha | 0.7877 | |||
| Total Risk Alpha | 0.3845 | |||
| Sortino Ratio | 0.2927 | |||
| Treynor Ratio | 1.45 |
Herc Holdings Backtested Returns
Herc Holdings appears to be very steady, given 3 months investment horizon. Herc Holdings holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. By evaluating Herc Holdings' technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please utilize Herc Holdings' Downside Deviation of 2.53, risk adjusted performance of 0.2195, and Market Risk Adjusted Performance of 1.46 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Herc Holdings holds a performance score of 20. The company retains a Market Volatility (i.e., Beta) of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Herc Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Herc Holdings is expected to be smaller as well. Please check Herc Holdings' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Herc Holdings' current trending patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Herc Holdings has good predictability. Overlapping area represents the amount of predictability between Herc Holdings time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Herc Holdings price movement. The serial correlation of 0.67 indicates that around 67.0% of current Herc Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 32.33 |
Herc Holdings lagged returns against current returns
Autocorrelation, which is Herc Holdings 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 Herc Holdings' stock expected returns. We can calculate the autocorrelation of Herc Holdings returns to help us make a trade decision. For example, suppose you find that Herc Holdings 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 |
Herc Holdings 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 Herc Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Herc Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Herc Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Herc Holdings Lagged Returns
When evaluating Herc Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Herc Holdings stock have on its future price. Herc Holdings 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, Herc Holdings autocorrelation shows the relationship between Herc Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Herc Holdings.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Herc Stock Analysis
When running Herc Holdings' price analysis, check to measure Herc Holdings' 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 Herc Holdings is operating at the current time. Most of Herc Holdings' value examination focuses on studying past and present price action to predict the probability of Herc Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Herc Holdings' price. Additionally, you may evaluate how the addition of Herc Holdings to your portfolios can decrease your overall portfolio volatility.