Halliburton (Argentina) Market Value
| HAL Stock | ARS 17,600 300.00 1.68% |
| Symbol | Halliburton |
Halliburton '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 Halliburton'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 Halliburton.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Halliburton on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Halliburton Co or generate 0.0% return on investment in Halliburton over 300 days. Halliburton is related to or competes with Edesa Holding, American Express, United States, Capex SA, Central Puerto, Pfizer, and Dycasa SA. Halliburton Company provides a range of services and products to oil and natural gas companies worldwide More
Halliburton 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 Halliburton'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 Halliburton Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.28 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 3.25 |
Halliburton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Halliburton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Halliburton's standard deviation. In reality, there are many statistical measures that can use Halliburton historical prices to predict the future Halliburton's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.35) |
Halliburton Backtested Returns
Halliburton holds Efficiency (Sharpe) Ratio of -0.0907, which attests that the entity had a -0.0907% return per unit of risk over the last 3 months. Halliburton exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Halliburton's Risk Adjusted Performance of (0.05), standard deviation of 2.09, and Market Risk Adjusted Performance of (0.34) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Halliburton's returns are expected to increase less than the market. However, during the bear market, the loss of holding Halliburton is expected to be smaller as well. At this point, Halliburton has a negative expected return of -0.19%. Please make sure to check out Halliburton's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Halliburton performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.44 |
Modest reverse predictability
Halliburton Co has modest reverse predictability. Overlapping area represents the amount of predictability between Halliburton time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Halliburton price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Halliburton price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 5.6 M |
Halliburton lagged returns against current returns
Autocorrelation, which is Halliburton 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 Halliburton's stock expected returns. We can calculate the autocorrelation of Halliburton returns to help us make a trade decision. For example, suppose you find that Halliburton 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 |
Halliburton 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 Halliburton stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Halliburton stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Halliburton stock over time.
Current vs Lagged Prices |
| Timeline |
Halliburton Lagged Returns
When evaluating Halliburton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Halliburton stock have on its future price. Halliburton 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, Halliburton autocorrelation shows the relationship between Halliburton stock current value and its past values and can show if there is a momentum factor associated with investing in Halliburton Co.
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 Halliburton Stock
Halliburton financial ratios help investors to determine whether Halliburton 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 Halliburton with respect to the benefits of owning Halliburton security.