Helvetia Holding (Switzerland) Market Value
| HELN Stock | CHF 153.30 0.40 0.26% |
| Symbol | Helvetia |
Helvetia Holding '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 Helvetia Holding'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 Helvetia Holding.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Helvetia Holding on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Helvetia Holding AG or generate 0.0% return on investment in Helvetia Holding over 510 days. Helvetia Holding is related to or competes with Swiss Life, Baloise Holding, Swiss Re, Zurich Insurance, and Swisscom. Helvetia Holding AG, through its subsidiaries, provides life and non-life insurance, and reinsurance products in Switzer... More
Helvetia Holding 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 Helvetia Holding'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 Helvetia Holding AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7535 | |||
| Information Ratio | 0.0822 | |||
| Maximum Drawdown | 7.46 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.11 |
Helvetia Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Helvetia Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Helvetia Holding's standard deviation. In reality, there are many statistical measures that can use Helvetia Holding historical prices to predict the future Helvetia Holding's volatility.| Risk Adjusted Performance | 0.1577 | |||
| Jensen Alpha | 0.1734 | |||
| Total Risk Alpha | 0.0406 | |||
| Sortino Ratio | 0.1165 | |||
| Treynor Ratio | 0.7419 |
Helvetia Holding Backtested Returns
Helvetia Holding appears to be very steady, given 3 months investment horizon. Helvetia Holding holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Helvetia Holding, which you can use to evaluate the volatility of the firm. Please utilize Helvetia Holding's Downside Deviation of 0.7535, market risk adjusted performance of 0.7519, and Risk Adjusted Performance of 0.1577 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Helvetia Holding holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Helvetia Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Helvetia Holding is expected to be smaller as well. Please check Helvetia Holding's 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 Helvetia Holding's current trending patterns will revert.
Auto-correlation | -0.41 |
Modest reverse predictability
Helvetia Holding AG has modest reverse predictability. Overlapping area represents the amount of predictability between Helvetia Holding time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Helvetia Holding price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Helvetia Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 160.98 |
Helvetia Holding lagged returns against current returns
Autocorrelation, which is Helvetia Holding 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 Helvetia Holding's stock expected returns. We can calculate the autocorrelation of Helvetia Holding returns to help us make a trade decision. For example, suppose you find that Helvetia Holding 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 |
Helvetia Holding 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 Helvetia Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Helvetia Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Helvetia Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Helvetia Holding Lagged Returns
When evaluating Helvetia Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Helvetia Holding stock have on its future price. Helvetia Holding 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, Helvetia Holding autocorrelation shows the relationship between Helvetia Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Helvetia Holding AG.
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 Helvetia Stock Analysis
When running Helvetia Holding's price analysis, check to measure Helvetia Holding'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 Helvetia Holding is operating at the current time. Most of Helvetia Holding's value examination focuses on studying past and present price action to predict the probability of Helvetia Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helvetia Holding's price. Additionally, you may evaluate how the addition of Helvetia Holding to your portfolios can decrease your overall portfolio volatility.