Hermana Holding (Norway) Market Value
| HERMA Stock | 11.36 0.14 1.22% |
| Symbol | Hermana |
Hermana 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 Hermana 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 Hermana Holding.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Hermana Holding on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hermana Holding ASA or generate 0.0% return on investment in Hermana Holding over 180 days.
Hermana 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 Hermana 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 Hermana Holding ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 10.67 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 3.2 |
Hermana Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hermana Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hermana Holding's standard deviation. In reality, there are many statistical measures that can use Hermana Holding historical prices to predict the future Hermana Holding's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.60) | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | (0.91) |
Hermana Holding ASA Backtested Returns
Hermana Holding ASA holds Efficiency (Sharpe) Ratio of -0.25, which attests that the entity had a -0.25% return per unit of risk over the last 3 months. Hermana Holding ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hermana Holding's Risk Adjusted Performance of (0.17), market risk adjusted performance of (0.90), and Standard Deviation of 2.27 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hermana Holding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hermana Holding is expected to be smaller as well. At this point, Hermana Holding ASA has a negative expected return of -0.56%. Please make sure to check out Hermana Holding's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Hermana Holding ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Hermana Holding ASA has very good predictability. Overlapping area represents the amount of predictability between Hermana Holding time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Hermana Holding ASA price movement. The serial correlation of 0.83 indicates that around 83.0% of current Hermana Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 2.28 |
Hermana Holding ASA lagged returns against current returns
Autocorrelation, which is Hermana 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 Hermana Holding's stock expected returns. We can calculate the autocorrelation of Hermana Holding returns to help us make a trade decision. For example, suppose you find that Hermana 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 |
Hermana 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 Hermana Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hermana Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hermana Holding stock over time.
Current vs Lagged Prices |
| Timeline |
Hermana Holding Lagged Returns
When evaluating Hermana Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hermana Holding stock have on its future price. Hermana 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, Hermana Holding autocorrelation shows the relationship between Hermana Holding stock current value and its past values and can show if there is a momentum factor associated with investing in Hermana Holding ASA.
Regressed Prices |
| Timeline |
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