Hawsons Iron (Australia) Market Value
| HIO Stock | 0.02 0 5.56% |
| Symbol | Hawsons |
Hawsons Iron '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 Hawsons Iron'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 Hawsons Iron.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Hawsons Iron on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Hawsons Iron or generate 0.0% return on investment in Hawsons Iron over 540 days. Hawsons Iron is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, and De Grey. Hawsons Iron is entity of Australia. It is traded as Stock on AU exchange. More
Hawsons Iron 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 Hawsons Iron'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 Hawsons Iron upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 29.05 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 5.56 |
Hawsons Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hawsons Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hawsons Iron's standard deviation. In reality, there are many statistical measures that can use Hawsons Iron historical prices to predict the future Hawsons Iron's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | (1.84) |
Hawsons Iron Backtested Returns
Hawsons Iron holds Efficiency (Sharpe) Ratio of -0.0492, which attests that the entity had a -0.0492% return per unit of risk over the last 3 months. Hawsons Iron exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hawsons Iron's Market Risk Adjusted Performance of (1.83), risk adjusted performance of (0.03), and Standard Deviation of 4.9 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hawsons Iron's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hawsons Iron is expected to be smaller as well. At this point, Hawsons Iron has a negative expected return of -0.24%. Please make sure to check out Hawsons Iron's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Hawsons Iron performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Hawsons Iron has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hawsons Iron time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Hawsons Iron price movement. The serial correlation of -0.2 indicates that over 20.0% of current Hawsons Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hawsons Iron lagged returns against current returns
Autocorrelation, which is Hawsons Iron 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 Hawsons Iron's stock expected returns. We can calculate the autocorrelation of Hawsons Iron returns to help us make a trade decision. For example, suppose you find that Hawsons Iron 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 |
Hawsons Iron 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 Hawsons Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hawsons Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hawsons Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Hawsons Iron Lagged Returns
When evaluating Hawsons Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hawsons Iron stock have on its future price. Hawsons Iron 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, Hawsons Iron autocorrelation shows the relationship between Hawsons Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Hawsons Iron.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hawsons Stock Analysis
When running Hawsons Iron's price analysis, check to measure Hawsons Iron's 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 Hawsons Iron is operating at the current time. Most of Hawsons Iron's value examination focuses on studying past and present price action to predict the probability of Hawsons Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hawsons Iron's price. Additionally, you may evaluate how the addition of Hawsons Iron to your portfolios can decrease your overall portfolio volatility.