Hellenic Petroleum (Germany) Market Value
| HLPN Stock | EUR 6.74 0.15 2.28% |
| Symbol | Hellenic |
Hellenic Petroleum '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 Hellenic Petroleum'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 Hellenic Petroleum.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Hellenic Petroleum on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hellenic Petroleum SA or generate 0.0% return on investment in Hellenic Petroleum over 30 days. Hellenic Petroleum is related to or competes with GREENX METALS, CapitaLand Investment, Jacquet Metal, MGIC INVESTMENT, Western Copper, Postal Savings, and Harmony Gold. Hellenic Petroleum S.A., together with its subsidiaries, operates in the energy sector primarily in Greece, South Easter... More
Hellenic Petroleum 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 Hellenic Petroleum'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 Hellenic Petroleum SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.66 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 2.4 |
Hellenic Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hellenic Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hellenic Petroleum's standard deviation. In reality, there are many statistical measures that can use Hellenic Petroleum historical prices to predict the future Hellenic Petroleum's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.28) |
Hellenic Petroleum Backtested Returns
Hellenic Petroleum holds Efficiency (Sharpe) Ratio of -0.04, which attests that the entity had a -0.04% return per unit of risk over the last 3 months. Hellenic Petroleum exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hellenic Petroleum's Market Risk Adjusted Performance of (0.27), standard deviation of 1.32, and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hellenic Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hellenic Petroleum is expected to be smaller as well. At this point, Hellenic Petroleum has a negative expected return of -0.0521%. Please make sure to check out Hellenic Petroleum's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Hellenic Petroleum performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Hellenic Petroleum SA has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hellenic Petroleum 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 Hellenic Petroleum price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Hellenic Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hellenic Petroleum lagged returns against current returns
Autocorrelation, which is Hellenic Petroleum 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 Hellenic Petroleum's stock expected returns. We can calculate the autocorrelation of Hellenic Petroleum returns to help us make a trade decision. For example, suppose you find that Hellenic Petroleum 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 |
Hellenic Petroleum 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 Hellenic Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hellenic Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hellenic Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Hellenic Petroleum Lagged Returns
When evaluating Hellenic Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hellenic Petroleum stock have on its future price. Hellenic Petroleum 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, Hellenic Petroleum autocorrelation shows the relationship between Hellenic Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Hellenic Petroleum SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hellenic Stock
Hellenic Petroleum financial ratios help investors to determine whether Hellenic Stock 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 Hellenic with respect to the benefits of owning Hellenic Petroleum security.