Hampidjan (Iceland) Market Value
| HAMP Stock | 109.00 4.50 3.96% |
| Symbol | Hampidjan |
Hampidjan '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 Hampidjan'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 Hampidjan.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Hampidjan on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Hampidjan hf or generate 0.0% return on investment in Hampidjan over 720 days. Hampidjan is related to or competes with Marel Hf, and Kvika Banki. Hampidjan Hf. manufactures and sells fishing nets, ropes, and fishing long lines for the fishing fleet in Iceland More
Hampidjan 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 Hampidjan'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 Hampidjan hf upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 8.23 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 1.78 |
Hampidjan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hampidjan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hampidjan's standard deviation. In reality, there are many statistical measures that can use Hampidjan historical prices to predict the future Hampidjan's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (1.30) |
Hampidjan hf Backtested Returns
Hampidjan hf holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of risk over the last 3 months. Hampidjan hf exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hampidjan's Risk Adjusted Performance of (0.08), standard deviation of 1.32, and Market Risk Adjusted Performance of (1.29) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hampidjan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hampidjan is expected to be smaller as well. At this point, Hampidjan hf has a negative expected return of -0.21%. Please make sure to check out Hampidjan's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Hampidjan hf performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Hampidjan hf has virtually no predictability. Overlapping area represents the amount of predictability between Hampidjan time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Hampidjan hf price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Hampidjan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 160.08 |
Hampidjan hf lagged returns against current returns
Autocorrelation, which is Hampidjan 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 Hampidjan's stock expected returns. We can calculate the autocorrelation of Hampidjan returns to help us make a trade decision. For example, suppose you find that Hampidjan 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 |
Hampidjan 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 Hampidjan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hampidjan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hampidjan stock over time.
Current vs Lagged Prices |
| Timeline |
Hampidjan Lagged Returns
When evaluating Hampidjan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hampidjan stock have on its future price. Hampidjan 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, Hampidjan autocorrelation shows the relationship between Hampidjan stock current value and its past values and can show if there is a momentum factor associated with investing in Hampidjan 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 Hampidjan Stock
Hampidjan financial ratios help investors to determine whether Hampidjan 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 Hampidjan with respect to the benefits of owning Hampidjan security.