Highwood Asset Management Stock Market Value
| HAM Stock | 6.02 0.08 1.31% |
| Symbol | Highwood |
Highwood Asset '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 Highwood Asset'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 Highwood Asset.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Highwood Asset on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Highwood Asset Management or generate 0.0% return on investment in Highwood Asset over 510 days. Highwood Asset is related to or competes with Royal Bank, Cogeco Communications, Pembina Pipeline, US Financial, Financial, and CI Financial. Highwood Asset is entity of Canada. It is traded as Stock on V exchange. More
Highwood Asset 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 Highwood Asset'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 Highwood Asset Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 8.95 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.28 |
Highwood Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highwood Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highwood Asset's standard deviation. In reality, there are many statistical measures that can use Highwood Asset historical prices to predict the future Highwood Asset's volatility.| Risk Adjusted Performance | 0.0073 | |||
| Jensen Alpha | (0.0008) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1321 |
Highwood Asset Management Backtested Returns
Highwood Asset Management holds Efficiency (Sharpe) Ratio of -0.005, which attests that the entity had a -0.005% return per unit of risk over the last 3 months. Highwood Asset Management exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Highwood Asset's Risk Adjusted Performance of 0.0073, market risk adjusted performance of 0.1421, and Downside Deviation of 2.4 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0579, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Highwood Asset are expected to decrease at a much lower rate. During the bear market, Highwood Asset is likely to outperform the market. At this point, Highwood Asset Management has a negative expected return of -0.0103%. Please make sure to check out Highwood Asset's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Highwood Asset Management performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Highwood Asset Management has very weak reverse predictability. Overlapping area represents the amount of predictability between Highwood Asset time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Highwood Asset Management price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Highwood Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Highwood Asset Management lagged returns against current returns
Autocorrelation, which is Highwood Asset 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 Highwood Asset's stock expected returns. We can calculate the autocorrelation of Highwood Asset returns to help us make a trade decision. For example, suppose you find that Highwood Asset 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 |
Highwood Asset 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 Highwood Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highwood Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highwood Asset stock over time.
Current vs Lagged Prices |
| Timeline |
Highwood Asset Lagged Returns
When evaluating Highwood Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highwood Asset stock have on its future price. Highwood Asset 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, Highwood Asset autocorrelation shows the relationship between Highwood Asset stock current value and its past values and can show if there is a momentum factor associated with investing in Highwood Asset Management.
Regressed Prices |
| Timeline |
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Additional Tools for Highwood Stock Analysis
When running Highwood Asset's price analysis, check to measure Highwood Asset'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 Highwood Asset is operating at the current time. Most of Highwood Asset's value examination focuses on studying past and present price action to predict the probability of Highwood Asset's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highwood Asset's price. Additionally, you may evaluate how the addition of Highwood Asset to your portfolios can decrease your overall portfolio volatility.