Hagar Hf (Iceland) Market Value
| HAGA Stock | ISK 95.50 1.00 1.04% |
| Symbol | Hagar |
Hagar Hf '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 Hagar Hf'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 Hagar Hf.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Hagar Hf on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hagar hf or generate 0.0% return on investment in Hagar Hf over 30 days. Hagar Hf is related to or competes with Icelandair Group, Festi Hf, Marel Hf, and Kvika Banki. Its stores offer food, beauty products, leisure products, and seasonal products, as well as sells apparel and accessorie... More
Hagar Hf 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 Hagar Hf'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 Hagar hf upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.0728 | |||
| Maximum Drawdown | 7.64 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 3.26 |
Hagar Hf Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hagar Hf's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hagar Hf's standard deviation. In reality, there are many statistical measures that can use Hagar Hf historical prices to predict the future Hagar Hf's volatility.| Risk Adjusted Performance | 0.1279 | |||
| Jensen Alpha | 0.2494 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0783 | |||
| Treynor Ratio | (1.40) |
Hagar hf Backtested Returns
Hagar Hf appears to be very steady, given 3 months investment horizon. Hagar hf holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hagar hf, which you can use to evaluate the volatility of the firm. Please utilize Hagar Hf's Downside Deviation of 1.39, market risk adjusted performance of (1.39), and Risk Adjusted Performance of 0.1279 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hagar Hf holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hagar Hf are expected to decrease at a much lower rate. During the bear market, Hagar Hf is likely to outperform the market. Please check Hagar Hf's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hagar Hf's current trending patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Hagar hf has below average predictability. Overlapping area represents the amount of predictability between Hagar Hf time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Hagar hf price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Hagar Hf price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Hagar hf lagged returns against current returns
Autocorrelation, which is Hagar Hf 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 Hagar Hf's stock expected returns. We can calculate the autocorrelation of Hagar Hf returns to help us make a trade decision. For example, suppose you find that Hagar Hf 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 |
Hagar Hf 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 Hagar Hf stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hagar Hf stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hagar Hf stock over time.
Current vs Lagged Prices |
| Timeline |
Hagar Hf Lagged Returns
When evaluating Hagar Hf's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hagar Hf stock have on its future price. Hagar Hf 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, Hagar Hf autocorrelation shows the relationship between Hagar Hf stock current value and its past values and can show if there is a momentum factor associated with investing in Hagar hf.
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 Hagar Stock
Hagar Hf financial ratios help investors to determine whether Hagar 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 Hagar with respect to the benefits of owning Hagar Hf security.