Hafnia (Norway) Market Value
| HAFNI Stock | NOK 59.85 0.65 1.10% |
| Symbol | Hafnia |
Hafnia '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 Hafnia'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 Hafnia.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hafnia on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hafnia or generate 0.0% return on investment in Hafnia over 30 days. Hafnia is related to or competes with Shelf Drilling, Solstad Offsho, Eidesvik Offshore, Elkem ASA, Vow ASA, North Energy, and Arcticzymes Technologies. The company operates through four segments Long Range II , Long Range I , Medium Range , and Handy size More
Hafnia 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 Hafnia'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 Hafnia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 10.09 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 3.19 |
Hafnia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hafnia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hafnia's standard deviation. In reality, there are many statistical measures that can use Hafnia historical prices to predict the future Hafnia's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (4.39) |
Hafnia Backtested Returns
Hafnia holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Hafnia exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hafnia's Market Risk Adjusted Performance of (4.38), standard deviation of 2.06, and Risk Adjusted Performance of (0.16) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hafnia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hafnia is expected to be smaller as well. At this point, Hafnia has a negative expected return of -0.39%. Please make sure to check out Hafnia's potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if Hafnia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.55 |
Good reverse predictability
Hafnia has good reverse predictability. Overlapping area represents the amount of predictability between Hafnia time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Hafnia price movement. The serial correlation of -0.55 indicates that about 55.0% of current Hafnia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 2.54 |
Hafnia lagged returns against current returns
Autocorrelation, which is Hafnia 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 Hafnia's stock expected returns. We can calculate the autocorrelation of Hafnia returns to help us make a trade decision. For example, suppose you find that Hafnia 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 |
Hafnia 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 Hafnia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hafnia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hafnia stock over time.
Current vs Lagged Prices |
| Timeline |
Hafnia Lagged Returns
When evaluating Hafnia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hafnia stock have on its future price. Hafnia 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, Hafnia autocorrelation shows the relationship between Hafnia stock current value and its past values and can show if there is a momentum factor associated with investing in Hafnia.
Regressed Prices |
| Timeline |
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Hafnia financial ratios help investors to determine whether Hafnia 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 Hafnia with respect to the benefits of owning Hafnia security.