HYDROTOR (Poland) Market Value
| HDR Stock | 23.80 0.80 3.48% |
| Symbol | HYDROTOR |
HYDROTOR '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 HYDROTOR'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 HYDROTOR.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in HYDROTOR on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding HYDROTOR SA or generate 0.0% return on investment in HYDROTOR over 60 days.
HYDROTOR 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 HYDROTOR'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 HYDROTOR SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 9.54 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 3.23 |
HYDROTOR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HYDROTOR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HYDROTOR's standard deviation. In reality, there are many statistical measures that can use HYDROTOR historical prices to predict the future HYDROTOR's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | 4.47 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HYDROTOR'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.
HYDROTOR SA Backtested Returns
HYDROTOR SA holds Efficiency (Sharpe) Ratio of -0.0687, which attests that the entity had a -0.0687% return per unit of return volatility over the last 3 months. HYDROTOR SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HYDROTOR's Market Risk Adjusted Performance of 4.48, coefficient of variation of (767.05), and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0649, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HYDROTOR are expected to decrease at a much lower rate. During the bear market, HYDROTOR is likely to outperform the market. At this point, HYDROTOR SA has a negative expected return of -0.15%. Please make sure to check out HYDROTOR's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if HYDROTOR SA performance from the past will be repeated at future time.
Auto-correlation | -0.16 |
Insignificant reverse predictability
HYDROTOR SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between HYDROTOR time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 HYDROTOR SA price movement. The serial correlation of -0.16 indicates that over 16.0% of current HYDROTOR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
HYDROTOR SA lagged returns against current returns
Autocorrelation, which is HYDROTOR 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 HYDROTOR's stock expected returns. We can calculate the autocorrelation of HYDROTOR returns to help us make a trade decision. For example, suppose you find that HYDROTOR 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 |
HYDROTOR 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 HYDROTOR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HYDROTOR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HYDROTOR stock over time.
Current vs Lagged Prices |
| Timeline |
HYDROTOR Lagged Returns
When evaluating HYDROTOR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HYDROTOR stock have on its future price. HYDROTOR 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, HYDROTOR autocorrelation shows the relationship between HYDROTOR stock current value and its past values and can show if there is a momentum factor associated with investing in HYDROTOR SA.
Regressed Prices |
| Timeline |
Pair Trading with HYDROTOR
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 HYDROTOR 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 HYDROTOR will appreciate offsetting losses from the drop in the long position's value.Moving together with HYDROTOR Stock
Moving against HYDROTOR Stock
| 0.76 | UCG | UniCredit SpA | PairCorr |
| 0.67 | DNP | Dino Polska SA | PairCorr |
| 0.62 | SAN | Banco Santander SA | PairCorr |
| 0.6 | CEZ | CEZ as | PairCorr |
The ability to find closely correlated positions to HYDROTOR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HYDROTOR 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 HYDROTOR - 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 HYDROTOR SA to buy it.
The correlation of HYDROTOR 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 HYDROTOR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HYDROTOR SA 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 HYDROTOR 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.Additional Tools for HYDROTOR Stock Analysis
When running HYDROTOR's price analysis, check to measure HYDROTOR'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 HYDROTOR is operating at the current time. Most of HYDROTOR's value examination focuses on studying past and present price action to predict the probability of HYDROTOR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HYDROTOR's price. Additionally, you may evaluate how the addition of HYDROTOR to your portfolios can decrease your overall portfolio volatility.