HLV (India) Market Value
| HLVLTD Stock | 19.42 2.03 11.67% |
| Symbol | HLV |
HLV '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 HLV'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 HLV.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in HLV on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding HLV LIMITED or generate 0.0% return on investment in HLV over 30 days. HLV is related to or competes with Sukhjit Starch, Nalwa Sons, Biofil Chemicals, Tata Chemicals, Shree Pushkar, Sudarshan Chemical, and Network18 Media. HLV is entity of India. It is traded as Stock on NSE exchange. More
HLV 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 HLV'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 HLV LIMITED upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 27.52 | |||
| Value At Risk | (5.53) | |||
| Potential Upside | 4.65 |
HLV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HLV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HLV's standard deviation. In reality, there are many statistical measures that can use HLV historical prices to predict the future HLV's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | 6.3 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HLV'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.
HLV LIMITED Backtested Returns
HLV LIMITED holds Efficiency (Sharpe) Ratio of -0.0565, which attests that the entity had a -0.0565% return per unit of volatility over the last 3 months. HLV LIMITED exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HLV's market risk adjusted performance of 6.31, and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.046, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HLV are expected to decrease at a much lower rate. During the bear market, HLV is likely to outperform the market. At this point, HLV LIMITED has a negative expected return of -0.23%. Please make sure to check out HLV's treynor ratio and daily balance of power , to decide if HLV LIMITED performance from the past will be repeated at future time.
Auto-correlation | -0.54 |
Good reverse predictability
HLV LIMITED has good reverse predictability. Overlapping area represents the amount of predictability between HLV time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 HLV LIMITED price movement. The serial correlation of -0.54 indicates that about 54.0% of current HLV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
HLV LIMITED lagged returns against current returns
Autocorrelation, which is HLV 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 HLV's stock expected returns. We can calculate the autocorrelation of HLV returns to help us make a trade decision. For example, suppose you find that HLV 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 |
HLV 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 HLV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HLV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HLV stock over time.
Current vs Lagged Prices |
| Timeline |
HLV Lagged Returns
When evaluating HLV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HLV stock have on its future price. HLV 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, HLV autocorrelation shows the relationship between HLV stock current value and its past values and can show if there is a momentum factor associated with investing in HLV LIMITED.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in HLV Stock
HLV financial ratios help investors to determine whether HLV 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 HLV with respect to the benefits of owning HLV security.