Heidelbergcement Ag Adr Stock Market Value
| HDELY Stock | USD 25.08 0.32 1.29% |
| Symbol | HeidelbergCement |
HeidelbergCement '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 HeidelbergCement's pink sheet 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 HeidelbergCement.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in HeidelbergCement on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding HeidelbergCement AG ADR or generate 0.0% return on investment in HeidelbergCement over 30 days. HeidelbergCement is related to or competes with Anhui Conch, Holcim, Buzzi Unicem, Wienerberger Baustoffindustri, China National, Anhui Conch, and Lafargeholcim. HeidelbergCement AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, ... More
HeidelbergCement 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 HeidelbergCement's pink sheet 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 HeidelbergCement AG ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.0928 | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 3.15 |
HeidelbergCement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HeidelbergCement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HeidelbergCement's standard deviation. In reality, there are many statistical measures that can use HeidelbergCement historical prices to predict the future HeidelbergCement's volatility.| Risk Adjusted Performance | 0.1368 | |||
| Jensen Alpha | 0.1769 | |||
| Total Risk Alpha | 0.0173 | |||
| Sortino Ratio | 0.1342 | |||
| Treynor Ratio | 0.3459 |
HeidelbergCement AG ADR Backtested Returns
HeidelbergCement appears to be very steady, given 3 months investment horizon. HeidelbergCement AG ADR holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for HeidelbergCement AG ADR, which you can use to evaluate the volatility of the firm. Please utilize HeidelbergCement's Risk Adjusted Performance of 0.1368, downside deviation of 1.12, and Market Risk Adjusted Performance of 0.3559 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HeidelbergCement holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HeidelbergCement's returns are expected to increase less than the market. However, during the bear market, the loss of holding HeidelbergCement is expected to be smaller as well. Please check HeidelbergCement's sortino ratio, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether HeidelbergCement's current trending patterns will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
HeidelbergCement AG ADR has poor reverse predictability. Overlapping area represents the amount of predictability between HeidelbergCement time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 HeidelbergCement AG ADR price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current HeidelbergCement price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
HeidelbergCement AG ADR lagged returns against current returns
Autocorrelation, which is HeidelbergCement pink sheet'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 HeidelbergCement's pink sheet expected returns. We can calculate the autocorrelation of HeidelbergCement returns to help us make a trade decision. For example, suppose you find that HeidelbergCement has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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HeidelbergCement 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 HeidelbergCement pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HeidelbergCement pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HeidelbergCement pink sheet over time.
Current vs Lagged Prices |
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HeidelbergCement Lagged Returns
When evaluating HeidelbergCement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HeidelbergCement pink sheet have on its future price. HeidelbergCement 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, HeidelbergCement autocorrelation shows the relationship between HeidelbergCement pink sheet current value and its past values and can show if there is a momentum factor associated with investing in HeidelbergCement AG ADR.
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 HeidelbergCement Pink Sheet Analysis
When running HeidelbergCement's price analysis, check to measure HeidelbergCement'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 HeidelbergCement is operating at the current time. Most of HeidelbergCement's value examination focuses on studying past and present price action to predict the probability of HeidelbergCement's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HeidelbergCement's price. Additionally, you may evaluate how the addition of HeidelbergCement to your portfolios can decrease your overall portfolio volatility.