Halfords Group (UK) Market Value
| HFD Stock | 131.40 1.00 0.76% |
| Symbol | Halfords |
Halfords Group '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 Halfords Group'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 Halfords Group.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Halfords Group on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Halfords Group PLC or generate 0.0% return on investment in Halfords Group over 30 days. Halfords Group is related to or competes with Raytheon Technologies, Microchip Technology, Air Products, Batm Advanced, Team Internet, Addtech, and Gamma Communications. Halfords Group is entity of United Kingdom More
Halfords Group 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 Halfords Group'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 Halfords Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 22.45 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 2.82 |
Halfords Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Halfords Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Halfords Group's standard deviation. In reality, there are many statistical measures that can use Halfords Group historical prices to predict the future Halfords Group's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.97) |
Halfords Group PLC Backtested Returns
Halfords Group PLC holds Efficiency (Sharpe) Ratio of -0.0444, which attests that the entity had a -0.0444% return per unit of risk over the last 3 months. Halfords Group PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Halfords Group's Standard Deviation of 2.63, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.96) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.083, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Halfords Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Halfords Group is expected to be smaller as well. At this point, Halfords Group PLC has a negative expected return of -0.12%. Please make sure to check out Halfords Group's skewness, rate of daily change, and the relationship between the value at risk and accumulation distribution , to decide if Halfords Group PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Halfords Group PLC has good predictability. Overlapping area represents the amount of predictability between Halfords Group time series from 25th of October 2024 to 9th of November 2024 and 9th of November 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 Halfords Group PLC price movement. The serial correlation of 0.67 indicates that around 67.0% of current Halfords Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 14.85 |
Halfords Group PLC lagged returns against current returns
Autocorrelation, which is Halfords Group 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 Halfords Group's stock expected returns. We can calculate the autocorrelation of Halfords Group returns to help us make a trade decision. For example, suppose you find that Halfords Group 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 |
Halfords Group 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 Halfords Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Halfords Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Halfords Group stock over time.
Current vs Lagged Prices |
| Timeline |
Halfords Group Lagged Returns
When evaluating Halfords Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Halfords Group stock have on its future price. Halfords Group 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, Halfords Group autocorrelation shows the relationship between Halfords Group stock current value and its past values and can show if there is a momentum factor associated with investing in Halfords Group PLC.
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.Other Information on Investing in Halfords Stock
Halfords Group financial ratios help investors to determine whether Halfords 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 Halfords with respect to the benefits of owning Halfords Group security.