High Liner Foods Stock Market Value
| HLNFF Stock | USD 10.32 0.00 0.00% |
| Symbol | High |
High Liner '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 Liner'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 High Liner.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in High Liner on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding High Liner Foods or generate 0.0% return on investment in High Liner over 30 days. High Liner is related to or competes with Grupo Bimbo, Lamb Weston, Kellanova, Premier Foods, Pilgrims Pride, Treehouse Foods, and Hain Celestial. High Liner Foods Incorporated processes and markets prepared and packaged frozen seafood products in North America More
High Liner 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 Liner'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 High Liner Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.19 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.24 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.2 |
High Liner Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for High Liner's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Liner's standard deviation. In reality, there are many statistical measures that can use High Liner historical prices to predict the future High Liner's volatility.| Risk Adjusted Performance | 0.056 | |||
| Jensen Alpha | 0.0851 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (1.90) |
High Liner Foods Backtested Returns
At this point, High Liner is not too volatile. High Liner Foods holds Efficiency (Sharpe) Ratio of 0.0697, which attests that the entity had a 0.0697% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for High Liner Foods, which you can use to evaluate the volatility of the firm. Please check out High Liner's Risk Adjusted Performance of 0.056, downside deviation of 2.19, and Market Risk Adjusted Performance of (1.89) to validate if the risk estimate we provide is consistent with the expected return of 0.0959%. High Liner has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0421, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning High Liner are expected to decrease at a much lower rate. During the bear market, High Liner is likely to outperform the market. High Liner Foods right now retains a risk of 1.38%. Please check out High Liner value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to decide if High Liner will be following its current trending patterns.
Auto-correlation | 0.38 |
Below average predictability
High Liner Foods has below average predictability. Overlapping area represents the amount of predictability between High Liner time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 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 High Liner Foods price movement. The serial correlation of 0.38 indicates that just about 38.0% of current High Liner price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
High Liner Foods lagged returns against current returns
Autocorrelation, which is High Liner 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 High Liner's pink sheet expected returns. We can calculate the autocorrelation of High Liner returns to help us make a trade decision. For example, suppose you find that High Liner 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 |
High Liner 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 Liner pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Liner pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Liner pink sheet over time.
Current vs Lagged Prices |
| Timeline |
High Liner Lagged Returns
When evaluating High Liner's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Liner pink sheet have on its future price. High Liner 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 Liner autocorrelation shows the relationship between High Liner pink sheet current value and its past values and can show if there is a momentum factor associated with investing in High Liner Foods.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in High Pink Sheet
High Liner financial ratios help investors to determine whether High Pink Sheet 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 Liner security.