Huddly AS (Norway) Market Value
| HDLY Stock | NOK 0.24 0.02 7.69% |
| Symbol | Huddly |
Huddly AS '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 Huddly AS'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 Huddly AS.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Huddly AS on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Huddly AS or generate 0.0% return on investment in Huddly AS over 480 days. Huddly AS is related to or competes with Pexip Holding, Airthings ASA, Aker Horizons, Cambi ASA, and Agilyx AS. Huddly AS, a technology company, creates tools for team collaboration in Norway and the United States More
Huddly AS 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 Huddly AS'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 Huddly AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 52.71 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 8.7 |
Huddly AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huddly AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huddly AS's standard deviation. In reality, there are many statistical measures that can use Huddly AS historical prices to predict the future Huddly AS's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.73) | |||
| Total Risk Alpha | (1.78) | |||
| Treynor Ratio | (0.76) |
Huddly AS Backtested Returns
Huddly AS holds Efficiency (Sharpe) Ratio of -0.0939, which attests that the entity had a -0.0939% return per unit of risk over the last 3 months. Huddly AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Huddly AS's Market Risk Adjusted Performance of (0.75), risk adjusted performance of (0.05), and Standard Deviation of 7.2 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Huddly AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Huddly AS is expected to be smaller as well. At this point, Huddly AS has a negative expected return of -0.68%. Please make sure to check out Huddly AS's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Huddly AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Huddly AS has average predictability. Overlapping area represents the amount of predictability between Huddly AS time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 Huddly AS price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Huddly AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Huddly AS lagged returns against current returns
Autocorrelation, which is Huddly AS 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 Huddly AS's stock expected returns. We can calculate the autocorrelation of Huddly AS returns to help us make a trade decision. For example, suppose you find that Huddly AS 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 |
Huddly AS 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 Huddly AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huddly AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huddly AS stock over time.
Current vs Lagged Prices |
| Timeline |
Huddly AS Lagged Returns
When evaluating Huddly AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huddly AS stock have on its future price. Huddly AS 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, Huddly AS autocorrelation shows the relationship between Huddly AS stock current value and its past values and can show if there is a momentum factor associated with investing in Huddly AS.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Huddly Stock
Huddly AS financial ratios help investors to determine whether Huddly 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 Huddly with respect to the benefits of owning Huddly AS security.