Helio Stock Market Value
| HLEO Stock | 4.50 0.50 12.50% |
| Symbol | Helio |
Helio '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 Helio's 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 Helio.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Helio on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Helio or generate 0.0% return on investment in Helio over 30 days.
Helio 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 Helio's 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 Helio upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 50.92 | |||
| Value At Risk | (5.00) |
Helio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Helio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Helio's standard deviation. In reality, there are many statistical measures that can use Helio historical prices to predict the future Helio's volatility.| Risk Adjusted Performance | 0.0067 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.73) | |||
| 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 Helio'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.
Helio Backtested Returns
Helio holds Efficiency (Sharpe) Ratio of -0.0028, which attests that the entity had a -0.0028% return per unit of risk over the last 3 months. Helio exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Helio's Standard Deviation of 5.64, market risk adjusted performance of (0.02), and Risk Adjusted Performance of 0.0067 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.92, which attests to possible diversification benefits within a given portfolio. Helio returns are very sensitive to returns on the market. As the market goes up or down, Helio is expected to follow. At this point, Helio has a negative expected return of -0.016%. Please make sure to check out Helio's variance, skewness, as well as the relationship between the Skewness and day typical price , to decide if Helio performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Helio has virtually no predictability. Overlapping area represents the amount of predictability between Helio time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Helio price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Helio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Helio lagged returns against current returns
Autocorrelation, which is Helio 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 Helio's pink sheet expected returns. We can calculate the autocorrelation of Helio returns to help us make a trade decision. For example, suppose you find that Helio 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 |
Helio 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 Helio pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Helio pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Helio pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Helio Lagged Returns
When evaluating Helio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Helio pink sheet have on its future price. Helio 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, Helio autocorrelation shows the relationship between Helio pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Helio.
Regressed Prices |
| Timeline |
Pair Trading with Helio
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Helio position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Helio will appreciate offsetting losses from the drop in the long position's value.Moving against Helio Pink Sheet
| 0.66 | PLTR | Palantir Technologies Buyout Trend | PairCorr |
| 0.65 | AMZN | Amazon Inc | PairCorr |
| 0.62 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.62 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.62 | IONQ | IONQ Inc Upward Rally | PairCorr |
The ability to find closely correlated positions to Helio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Helio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Helio to buy it.
The correlation of Helio is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Helio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helio moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Helio can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.