Hillcrest Energy Technologies Stock Market Value
| HLRTF Stock | USD 0.14 0.01 7.69% |
| Symbol | Hillcrest |
Hillcrest Energy '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 Hillcrest Energy's otc 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 Hillcrest Energy.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hillcrest Energy on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hillcrest Energy Technologies or generate 0.0% return on investment in Hillcrest Energy over 60 days. Hillcrest Energy is related to or competes with Permian Resources, Devon Energy, EOG Resources, Coterra Energy, Diamondback Energy, and ConocoPhillips. Hillcrest Energy Technologies Ltd., a clean technology company, engages in developing high performance power conversion ... More
Hillcrest Energy 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 Hillcrest Energy's otc 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 Hillcrest Energy Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 33.19 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.69 |
Hillcrest Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hillcrest Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hillcrest Energy's standard deviation. In reality, there are many statistical measures that can use Hillcrest Energy historical prices to predict the future Hillcrest Energy's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (1.38) | |||
| Treynor Ratio | 0.5351 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hillcrest Energy'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.
Hillcrest Energy Tec Backtested Returns
Hillcrest Energy Tec holds Efficiency (Sharpe) Ratio of -0.0628, which attests that the entity had a -0.0628% return per unit of risk over the last 3 months. Hillcrest Energy Tec exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hillcrest Energy's Standard Deviation of 6.02, market risk adjusted performance of 0.5451, and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.83, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hillcrest Energy are expected to decrease at a much lower rate. During the bear market, Hillcrest Energy is likely to outperform the market. At this point, Hillcrest Energy Tec has a negative expected return of -0.38%. Please make sure to check out Hillcrest Energy's variance, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if Hillcrest Energy Tec performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Hillcrest Energy Technologies has below average predictability. Overlapping area represents the amount of predictability between Hillcrest Energy time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Hillcrest Energy Tec price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Hillcrest Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hillcrest Energy Tec lagged returns against current returns
Autocorrelation, which is Hillcrest Energy otc 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 Hillcrest Energy's otc stock expected returns. We can calculate the autocorrelation of Hillcrest Energy returns to help us make a trade decision. For example, suppose you find that Hillcrest Energy has exhibited high autocorrelation historically, and you observe that the otc 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 |
Hillcrest Energy 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 Hillcrest Energy otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hillcrest Energy otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hillcrest Energy otc stock over time.
Current vs Lagged Prices |
| Timeline |
Hillcrest Energy Lagged Returns
When evaluating Hillcrest Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hillcrest Energy otc stock have on its future price. Hillcrest Energy 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, Hillcrest Energy autocorrelation shows the relationship between Hillcrest Energy otc stock current value and its past values and can show if there is a momentum factor associated with investing in Hillcrest Energy Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hillcrest OTC Stock
Hillcrest Energy financial ratios help investors to determine whether Hillcrest OTC 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 Hillcrest with respect to the benefits of owning Hillcrest Energy security.