Hemisphere Properties (India) Market Value
| HEMIPROP | 167.96 3.88 2.36% |
| Symbol | Hemisphere |
Hemisphere Properties '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 Hemisphere Properties' 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 Hemisphere Properties.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Hemisphere Properties on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Hemisphere Properties India or generate 0.0% return on investment in Hemisphere Properties over 90 days. Hemisphere Properties is related to or competes with Reliance Industries, HDFC Bank, India Glycols, Indo Borax, Kingfa Science, Alkali Metals, and Mahindra Logistics. Hemisphere Properties is entity of India More
Hemisphere Properties 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 Hemisphere Properties' 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 Hemisphere Properties India upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 13.08 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 3.55 |
Hemisphere Properties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hemisphere Properties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hemisphere Properties' standard deviation. In reality, there are many statistical measures that can use Hemisphere Properties historical prices to predict the future Hemisphere Properties' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 3.4 |
Hemisphere Properties Backtested Returns
Hemisphere Properties holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Hemisphere Properties exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hemisphere Properties' Risk Adjusted Performance of (0.07), market risk adjusted performance of 3.41, and Standard Deviation of 2.41 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.072, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hemisphere Properties are expected to decrease at a much lower rate. During the bear market, Hemisphere Properties is likely to outperform the market. At this point, Hemisphere Properties has a negative expected return of -0.25%. Please make sure to check out Hemisphere Properties' potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Hemisphere Properties performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.64 |
Good predictability
Hemisphere Properties India has good predictability. Overlapping area represents the amount of predictability between Hemisphere Properties time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Hemisphere Properties price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Hemisphere Properties price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 98.08 |
Hemisphere Properties lagged returns against current returns
Autocorrelation, which is Hemisphere Properties 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 Hemisphere Properties' stock expected returns. We can calculate the autocorrelation of Hemisphere Properties returns to help us make a trade decision. For example, suppose you find that Hemisphere Properties 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 |
Hemisphere Properties 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 Hemisphere Properties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hemisphere Properties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hemisphere Properties stock over time.
Current vs Lagged Prices |
| Timeline |
Hemisphere Properties Lagged Returns
When evaluating Hemisphere Properties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hemisphere Properties stock have on its future price. Hemisphere Properties 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, Hemisphere Properties autocorrelation shows the relationship between Hemisphere Properties stock current value and its past values and can show if there is a momentum factor associated with investing in Hemisphere Properties India.
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 Hemisphere Stock
Hemisphere Properties financial ratios help investors to determine whether Hemisphere 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 Hemisphere with respect to the benefits of owning Hemisphere Properties security.