Hino Motors Ltd Stock Market Value
| HINOY Stock | USD 25.18 0.00 0.00% |
| Symbol | Hino |
Hino Motors '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 Hino Motors' pink sheet 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 Hino Motors.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hino Motors on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Hino Motors Ltd or generate 0.0% return on investment in Hino Motors over 300 days. Hino Motors is related to or competes with Daimler Truck, Volvo AB, Columbus McKinnon, Hyster Yale, Volvo AB, Daimler Truck, and Oshkosh. Hino Motors, Ltd. manufactures and sells large commercial vehicles under the Hino brand worldwide More
Hino Motors 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 Hino Motors' pink sheet 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 Hino Motors Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 17.84 |
Hino Motors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hino Motors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hino Motors' standard deviation. In reality, there are many statistical measures that can use Hino Motors historical prices to predict the future Hino Motors' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (1.55) |
Hino Motors Backtested Returns
Hino Motors holds Efficiency (Sharpe) Ratio of -0.0856, which attests that the entity had a -0.0856% return per unit of risk over the last 3 months. Hino Motors exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hino Motors' Standard Deviation of 2.84, market risk adjusted performance of (1.54), and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hino Motors' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hino Motors is expected to be smaller as well. At this point, Hino Motors has a negative expected return of -0.24%. Please make sure to check out Hino Motors' variance and rate of daily change , to decide if Hino Motors performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.71 |
Good predictability
Hino Motors Ltd has good predictability. Overlapping area represents the amount of predictability between Hino Motors time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Hino Motors price movement. The serial correlation of 0.71 indicates that around 71.0% of current Hino Motors price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 5.87 |
Hino Motors lagged returns against current returns
Autocorrelation, which is Hino Motors pink sheet'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 Hino Motors' pink sheet expected returns. We can calculate the autocorrelation of Hino Motors returns to help us make a trade decision. For example, suppose you find that Hino Motors has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Hino Motors 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 Hino Motors pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hino Motors pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hino Motors pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hino Motors Lagged Returns
When evaluating Hino Motors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hino Motors pink sheet have on its future price. Hino Motors 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, Hino Motors autocorrelation shows the relationship between Hino Motors pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hino Motors Ltd.
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.Additional Tools for Hino Pink Sheet Analysis
When running Hino Motors' price analysis, check to measure Hino Motors' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hino Motors is operating at the current time. Most of Hino Motors' value examination focuses on studying past and present price action to predict the probability of Hino Motors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hino Motors' price. Additionally, you may evaluate how the addition of Hino Motors to your portfolios can decrease your overall portfolio volatility.