Hermana Holding (Norway) Market Value

HERMA Stock   11.36  0.14  1.22%   
Hermana Holding's market value is the price at which a share of Hermana Holding trades on a public exchange. It measures the collective expectations of Hermana Holding ASA investors about its performance. Hermana Holding is selling at 11.36 as of the 15th of December 2024; that is 1.22% down since the beginning of the trading day. The stock's open price was 11.5.
With this module, you can estimate the performance of a buy and hold strategy of Hermana Holding ASA and determine expected loss or profit from investing in Hermana Holding over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
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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.
0.00
11/15/2024
No Change 0.00  0.0 
In 30 days
12/15/2024
0.00
If you would invest  0.00  in Hermana Holding on November 15, 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 30 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.

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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hermana Holding. Your research has to be compared to or analyzed against Hermana Holding's peers to derive any actionable benefits. When done correctly, Hermana Holding's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hermana Holding ASA.

Hermana Holding ASA Backtested Returns

Hermana Holding ASA holds Efficiency (Sharpe) Ratio of -0.24, which attests that the entity had a -0.24% 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 Market Risk Adjusted Performance of (0.90), standard deviation of 2.27, and Risk Adjusted Performance of (0.17) 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 -0.55%. 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

    
  0.67  

Good predictability

Hermana Holding ASA has good predictability. Overlapping area represents the amount of predictability between Hermana Holding time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 0.67 indicates that around 67.0% of current Hermana Holding price fluctuation can be explain by its past prices.
Correlation Coefficient0.67
Spearman Rank Test0.81
Residual Average0.0
Price Variance0.19

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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