Hawesko Holding (Germany) Market Value
| HAW Stock | 22.70 0.20 0.87% |
| Symbol | Hawesko |
Hawesko Holding '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 Hawesko Holding'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 Hawesko Holding.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hawesko Holding on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hawesko Holding AG or generate 0.0% return on investment in Hawesko Holding over 30 days. Hawesko Holding is related to or competes with FAST RETAIL, Daido Steel, SPARTAN STORES, BJs Wholesale, BURLINGTON STORES, Nippon Steel, and BLUESCOPE STEEL. More
Hawesko Holding 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 Hawesko Holding'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 Hawesko Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 8.58 | |||
| Value At Risk | (2.94) | |||
| Potential Upside | 2.6 |
Hawesko Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hawesko Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hawesko Holding's standard deviation. In reality, there are many statistical measures that can use Hawesko Holding historical prices to predict the future Hawesko Holding's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 1.44 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hawesko Holding's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hawesko Holding AG Backtested Returns
Hawesko Holding AG holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Hawesko Holding AG exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hawesko Holding's Risk Adjusted Performance of (0.09), market risk adjusted performance of 1.45, and Standard Deviation of 1.54 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hawesko Holding are expected to decrease at a much lower rate. During the bear market, Hawesko Holding is likely to outperform the market. At this point, Hawesko Holding AG has a negative expected return of -0.28%. Please make sure to check out Hawesko Holding's value at risk, accumulation distribution, as well as the relationship between the Accumulation Distribution and day typical price , to decide if Hawesko Holding AG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Hawesko Holding AG has average predictability. Overlapping area represents the amount of predictability between Hawesko Holding time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Hawesko Holding AG price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Hawesko Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Hawesko Holding AG lagged returns against current returns
Autocorrelation, which is Hawesko Holding 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 Hawesko Holding's stock expected returns. We can calculate the autocorrelation of Hawesko Holding returns to help us make a trade decision. For example, suppose you find that Hawesko Holding 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 |
Hawesko Holding 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 Hawesko Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hawesko Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hawesko Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Hawesko Holding Lagged Returns
When evaluating Hawesko Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hawesko Holding stock have on its future price. Hawesko Holding 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, Hawesko Holding autocorrelation shows the relationship between Hawesko Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Hawesko Holding AG.
Regressed Prices |
| Timeline |
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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 Hawesko Stock Analysis
When running Hawesko Holding's price analysis, check to measure Hawesko Holding'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 Hawesko Holding is operating at the current time. Most of Hawesko Holding's value examination focuses on studying past and present price action to predict the probability of Hawesko Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hawesko Holding's price. Additionally, you may evaluate how the addition of Hawesko Holding to your portfolios can decrease your overall portfolio volatility.