Hanza AB (Sweden) Market Value
| HANZA Stock | SEK 67.50 1.65 2.51% |
| Symbol | Hanza |
Hanza AB '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 Hanza AB'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 Hanza AB.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hanza AB on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Hanza AB or generate 0.0% return on investment in Hanza AB over 90 days. Hanza AB is related to or competes with Hexatronic Group, Instalco Intressenter, NOTE AB, Dometic Group, and Green Landscaping. Hanza Holding AB provides manufacturing solutions in Sweden, Finland, Estonia, Poland, the Czech Republic, and China More
Hanza AB 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 Hanza AB'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 Hanza AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.34 | |||
| Information Ratio | 0.0227 | |||
| Maximum Drawdown | 20.62 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 3.81 |
Hanza AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanza AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanza AB's standard deviation. In reality, there are many statistical measures that can use Hanza AB historical prices to predict the future Hanza AB's volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | 0.1896 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.029 | |||
| Treynor Ratio | (16.51) |
Hanza AB Backtested Returns
Currently, Hanza AB is very steady. Hanza AB holds Efficiency (Sharpe) Ratio of 0.0484, which attests that the entity had a 0.0484% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hanza AB, which you can use to evaluate the volatility of the firm. Please check out Hanza AB's Downside Deviation of 2.34, market risk adjusted performance of (16.50), and Risk Adjusted Performance of 0.0581 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. Hanza AB has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0114, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hanza AB are expected to decrease at a much lower rate. During the bear market, Hanza AB is likely to outperform the market. Hanza AB right now retains a risk of 2.99%. Please check out Hanza AB sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Hanza AB will be following its current trending patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Hanza AB has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hanza AB time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Hanza AB price movement. The serial correlation of -0.74 indicates that around 74.0% of current Hanza AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 34.82 |
Hanza AB lagged returns against current returns
Autocorrelation, which is Hanza AB 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 Hanza AB's stock expected returns. We can calculate the autocorrelation of Hanza AB returns to help us make a trade decision. For example, suppose you find that Hanza AB 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 |
Hanza AB 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 Hanza AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanza AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanza AB stock over time.
Current vs Lagged Prices |
| Timeline |
Hanza AB Lagged Returns
When evaluating Hanza AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanza AB stock have on its future price. Hanza AB 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, Hanza AB autocorrelation shows the relationship between Hanza AB stock current value and its past values and can show if there is a momentum factor associated with investing in Hanza AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hanza Stock Analysis
When running Hanza AB's price analysis, check to measure Hanza AB'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 Hanza AB is operating at the current time. Most of Hanza AB's value examination focuses on studying past and present price action to predict the probability of Hanza AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanza AB's price. Additionally, you may evaluate how the addition of Hanza AB to your portfolios can decrease your overall portfolio volatility.