Halma Plc Stock Market Value
| HALMY Stock | USD 70.29 1.93 2.82% |
| Symbol | Halma |
Halma PLC '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 Halma PLC's pink sheet 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 Halma PLC.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Halma PLC on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Halma PLC or generate 0.0% return on investment in Halma PLC over 180 days. Halma PLC is related to or competes with Seaboard, Valmont Industries, Honeywell International, and 3M. Halma plc, through its subsidiaries, provides technology solutions in the safety, health, and environmental markets More
Halma PLC 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 Halma PLC's pink sheet 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 Halma PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 3.11 |
Halma PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Halma PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Halma PLC's standard deviation. In reality, there are many statistical measures that can use Halma PLC historical prices to predict the future Halma PLC's volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0461 |
Halma PLC Backtested Returns
At this stage we consider Halma Pink Sheet to be very steady. Halma PLC holds Efficiency (Sharpe) Ratio of 0.0466, which attests that the entity had a 0.0466% return per unit of risk over the last 3 months. We have found thirty technical indicators for Halma PLC, which you can use to evaluate the volatility of the firm. Please check out Halma PLC's Market Risk Adjusted Performance of 0.0561, downside deviation of 2.05, and Risk Adjusted Performance of 0.0308 to validate if the risk estimate we provide is consistent with the expected return of 0.0907%. Halma PLC has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.15, which attests to a somewhat significant risk relative to the market. Halma PLC returns are very sensitive to returns on the market. As the market goes up or down, Halma PLC is expected to follow. Halma PLC right now retains a risk of 1.95%. Please check out Halma PLC maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Halma PLC will be following its current trending patterns.
Auto-correlation | 0.23 |
Weak predictability
Halma PLC has weak predictability. Overlapping area represents the amount of predictability between Halma PLC time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Halma PLC price movement. The serial correlation of 0.23 indicates that over 23.0% of current Halma PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 5.31 |
Halma PLC lagged returns against current returns
Autocorrelation, which is Halma PLC pink sheet'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 Halma PLC's pink sheet expected returns. We can calculate the autocorrelation of Halma PLC returns to help us make a trade decision. For example, suppose you find that Halma PLC has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Halma PLC 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 Halma PLC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Halma PLC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Halma PLC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Halma PLC Lagged Returns
When evaluating Halma PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Halma PLC pink sheet have on its future price. Halma PLC 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, Halma PLC autocorrelation shows the relationship between Halma PLC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Halma PLC.
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.Additional Tools for Halma Pink Sheet Analysis
When running Halma PLC's price analysis, check to measure Halma PLC's 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 Halma PLC is operating at the current time. Most of Halma PLC's value examination focuses on studying past and present price action to predict the probability of Halma PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Halma PLC's price. Additionally, you may evaluate how the addition of Halma PLC to your portfolios can decrease your overall portfolio volatility.