High Coast (Sweden) Market Value
| HIGHCO-B | 44.00 2.80 6.80% |
| Symbol | High |
High Coast '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 High Coast'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 High Coast.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in High Coast on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding High Coast Distillery or generate 0.0% return on investment in High Coast over 30 days. High Coast is related to or competes with Cint Group, Nordic Waterproofing, Inwido AB, KABE Group, IAR Systems, Norva24 Group, and Clinical Laserthermia. More
High Coast 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 High Coast'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 High Coast Distillery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.01 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 4.95 |
High Coast Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for High Coast's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Coast's standard deviation. In reality, there are many statistical measures that can use High Coast historical prices to predict the future High Coast's volatility.| Risk Adjusted Performance | 0.0137 | |||
| Jensen Alpha | 0.086 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.03) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of High Coast's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
High Coast Distillery Backtested Returns
At this point, High Coast is very steady. High Coast Distillery holds Efficiency (Sharpe) Ratio of 0.024, which attests that the entity had a 0.024% return per unit of risk over the last 3 months. We have found thirty technical indicators for High Coast Distillery, which you can use to evaluate the volatility of the firm. Please check out High Coast's Market Risk Adjusted Performance of (0.02), downside deviation of 3.06, and Risk Adjusted Performance of 0.0137 to validate if the risk estimate we provide is consistent with the expected return of 0.0724%. High Coast has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning High Coast are expected to decrease at a much lower rate. During the bear market, High Coast is likely to outperform the market. High Coast Distillery right now retains a risk of 3.02%. Please check out High Coast value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to decide if High Coast will be following its current trending patterns.
Auto-correlation | 0.26 |
Poor predictability
High Coast Distillery has poor predictability. Overlapping area represents the amount of predictability between High Coast 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 High Coast Distillery price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current High Coast price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.54 |
High Coast Distillery lagged returns against current returns
Autocorrelation, which is High Coast 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 High Coast's stock expected returns. We can calculate the autocorrelation of High Coast returns to help us make a trade decision. For example, suppose you find that High Coast 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 |
High Coast 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 High Coast stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Coast stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Coast stock over time.
Current vs Lagged Prices |
| Timeline |
High Coast Lagged Returns
When evaluating High Coast's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Coast stock have on its future price. High Coast 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, High Coast autocorrelation shows the relationship between High Coast stock current value and its past values and can show if there is a momentum factor associated with investing in High Coast Distillery.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in High Stock
High Coast financial ratios help investors to determine whether High 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 High with respect to the benefits of owning High Coast security.