Honda Atlas (Pakistan) Market Value
| HCAR Stock | 299.17 0.54 0.18% |
| Symbol | Honda |
Honda Atlas '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 Honda Atlas' 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 Honda Atlas.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Honda Atlas on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Honda Atlas Cars or generate 0.0% return on investment in Honda Atlas over 30 days. Honda Atlas is related to or competes with Crescent Star, Allied Bank, Adamjee Insurance, Habib Insurance, National Bank, and Century Insurance. More
Honda Atlas 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 Honda Atlas' 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 Honda Atlas Cars upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.0467 | |||
| Maximum Drawdown | 9.82 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 5.35 |
Honda Atlas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Honda Atlas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Honda Atlas' standard deviation. In reality, there are many statistical measures that can use Honda Atlas historical prices to predict the future Honda Atlas' volatility.| Risk Adjusted Performance | 0.077 | |||
| Jensen Alpha | 0.1435 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0631 | |||
| Treynor Ratio | 0.3061 |
Honda Atlas Cars Backtested Returns
Honda Atlas appears to be very steady, given 3 months investment horizon. Honda Atlas Cars holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Honda Atlas Cars, which you can use to evaluate the volatility of the firm. Please utilize Honda Atlas' Risk Adjusted Performance of 0.077, downside deviation of 1.79, and Market Risk Adjusted Performance of 0.3161 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Honda Atlas holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Honda Atlas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Honda Atlas is expected to be smaller as well. Please check Honda Atlas' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Honda Atlas' current trending patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Honda Atlas Cars has insignificant reverse predictability. Overlapping area represents the amount of predictability between Honda Atlas time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 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 Honda Atlas Cars price movement. The serial correlation of -0.16 indicates that over 16.0% of current Honda Atlas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 33.58 |
Honda Atlas Cars lagged returns against current returns
Autocorrelation, which is Honda Atlas 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 Honda Atlas' stock expected returns. We can calculate the autocorrelation of Honda Atlas returns to help us make a trade decision. For example, suppose you find that Honda Atlas 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 |
Honda Atlas 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 Honda Atlas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Honda Atlas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Honda Atlas stock over time.
Current vs Lagged Prices |
| Timeline |
Honda Atlas Lagged Returns
When evaluating Honda Atlas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Honda Atlas stock have on its future price. Honda Atlas 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, Honda Atlas autocorrelation shows the relationship between Honda Atlas stock current value and its past values and can show if there is a momentum factor associated with investing in Honda Atlas Cars.
Regressed Prices |
| Timeline |
Pair Trading with Honda Atlas
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Honda Atlas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Honda Atlas will appreciate offsetting losses from the drop in the long position's value.Moving together with Honda Stock
Moving against Honda Stock
The ability to find closely correlated positions to Honda Atlas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Honda Atlas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Honda Atlas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Honda Atlas Cars to buy it.
The correlation of Honda Atlas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Honda Atlas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Honda Atlas Cars moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Honda Atlas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Honda Stock
Honda Atlas financial ratios help investors to determine whether Honda 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 Honda with respect to the benefits of owning Honda Atlas security.