Halfords Group Plc Stock Market Value
| HLFDY Stock | USD 3.67 0.01 0.27% |
| 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 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 Halfords Group.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Halfords Group on December 6, 2022 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 720 days. Halfords Group is related to or competes with Burlington Stores, Childrens Place, Buckle, Shoe Carnival, Urban Outfitters, American Eagle, and Abercrombie Fitch. Halfords Group plc, through its subsidiaries, provides motoring and cycling products and services in the 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 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 Halfords Group PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 35.21 | |||
| Potential Upside | 0.2732 |
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 | 0.0173 | |||
| Jensen Alpha | 0.0433 | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.32) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Halfords Group'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.
Halfords Group PLC Backtested Returns
At this stage we consider Halfords Pink Sheet to be unstable. Halfords Group PLC holds Efficiency (Sharpe) Ratio of 0.0128, which attests that the entity had a 0.0128% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Halfords Group PLC, which you can use to evaluate the volatility of the firm. Please check out Halfords Group's Risk Adjusted Performance of 0.0173, standard deviation of 3.28, and Market Risk Adjusted Performance of (0.31) to validate if the risk estimate we provide is consistent with the expected return of 0.0426%. Halfords Group has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.099, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Halfords Group are expected to decrease at a much lower rate. During the bear market, Halfords Group is likely to outperform the market. Halfords Group PLC right now retains a risk of 3.34%. Please check out Halfords Group variance, skewness, as well as the relationship between the Skewness and day typical price , to decide if Halfords Group will be following its current trending patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Halfords Group PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Halfords Group time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 -0.15 indicates that less than 15.0% of current Halfords Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Halfords Group PLC lagged returns against current returns
Autocorrelation, which is Halfords Group 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 Halfords Group's pink sheet 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 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Halfords Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Halfords Group pink sheet 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 pink sheet 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 pink sheet 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.Additional Tools for Halfords Pink Sheet Analysis
When running Halfords Group's price analysis, check to measure Halfords Group'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 Halfords Group is operating at the current time. Most of Halfords Group's value examination focuses on studying past and present price action to predict the probability of Halfords Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Halfords Group's price. Additionally, you may evaluate how the addition of Halfords Group to your portfolios can decrease your overall portfolio volatility.