Hydrogene (France) Market Value
| HDF Stock | 3.70 0.41 9.98% |
| Symbol | Hydrogene |
Hydrogene '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 Hydrogene'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 Hydrogene.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Hydrogene on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Hydrogene De France or generate 0.0% return on investment in Hydrogene over 720 days. Hydrogene is related to or competes with Lexibook Linguistic, Manitou BF, Ossiam Minimum, Ekinops SA, Orapi SA, Memscap Regpt, and SPDR Barclays. More
Hydrogene 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 Hydrogene'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 Hydrogene De France upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 10.03 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.31 |
Hydrogene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hydrogene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hydrogene's standard deviation. In reality, there are many statistical measures that can use Hydrogene historical prices to predict the future Hydrogene's volatility.| Risk Adjusted Performance | (0.24) | |||
| Jensen Alpha | (0.58) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (15.26) |
Hydrogene De France Backtested Returns
Hydrogene De France holds Efficiency (Sharpe) Ratio of -0.35, which attests that the entity had a -0.35% return per unit of risk over the last 3 months. Hydrogene De France exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hydrogene's Standard Deviation of 1.74, risk adjusted performance of (0.24), and Market Risk Adjusted Performance of (15.25) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0376, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hydrogene's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hydrogene is expected to be smaller as well. At this point, Hydrogene De France has a negative expected return of -0.74%. Please make sure to check out Hydrogene's information ratio, skewness, day typical price, as well as the relationship between the treynor ratio and daily balance of power , to decide if Hydrogene De France performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Hydrogene De France has very good predictability. Overlapping area represents the amount of predictability between Hydrogene time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Hydrogene De France price movement. The serial correlation of 0.81 indicates that around 81.0% of current Hydrogene price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 4.19 |
Hydrogene De France lagged returns against current returns
Autocorrelation, which is Hydrogene 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 Hydrogene's stock expected returns. We can calculate the autocorrelation of Hydrogene returns to help us make a trade decision. For example, suppose you find that Hydrogene 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 |
Hydrogene 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 Hydrogene stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hydrogene stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hydrogene stock over time.
Current vs Lagged Prices |
| Timeline |
Hydrogene Lagged Returns
When evaluating Hydrogene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hydrogene stock have on its future price. Hydrogene 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, Hydrogene autocorrelation shows the relationship between Hydrogene stock current value and its past values and can show if there is a momentum factor associated with investing in Hydrogene De France.
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 Hydrogene Stock
Hydrogene financial ratios help investors to determine whether Hydrogene 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 Hydrogene with respect to the benefits of owning Hydrogene security.