Holaluz Clidom (Spain) Market Value
| HLZ Stock | EUR 1.49 0.09 6.43% |
| Symbol | Holaluz |
Holaluz Clidom '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 Holaluz Clidom'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 Holaluz Clidom.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Holaluz Clidom on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Holaluz Clidom SA or generate 0.0% return on investment in Holaluz Clidom over 90 days. Holaluz Clidom is related to or competes with Grenergy Renovables, Audax Renovables, Solaria Energa, Lleidanetworks Serveis, and Soltec Power. Holaluz-Clidom, S.A. produces and sells electricity and gas More
Holaluz Clidom 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 Holaluz Clidom'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 Holaluz Clidom SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.94 | |||
| Information Ratio | 0.0378 | |||
| Maximum Drawdown | 44.33 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 15.38 |
Holaluz Clidom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Holaluz Clidom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Holaluz Clidom's standard deviation. In reality, there are many statistical measures that can use Holaluz Clidom historical prices to predict the future Holaluz Clidom's volatility.| Risk Adjusted Performance | 0.0516 | |||
| Jensen Alpha | 0.3777 | |||
| Total Risk Alpha | (0.75) | |||
| Sortino Ratio | 0.0695 | |||
| Treynor Ratio | 2.87 |
Holaluz Clidom SA Backtested Returns
Holaluz Clidom appears to be abnormally volatile, given 3 months investment horizon. Holaluz Clidom SA holds Efficiency (Sharpe) Ratio of 0.0558, which attests that the entity had a 0.0558% return per unit of risk over the last 3 months. We have found thirty technical indicators for Holaluz Clidom SA, which you can use to evaluate the volatility of the firm. Please utilize Holaluz Clidom's Market Risk Adjusted Performance of 2.88, downside deviation of 3.94, and Risk Adjusted Performance of 0.0516 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Holaluz Clidom holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Holaluz Clidom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Holaluz Clidom is expected to be smaller as well. Please check Holaluz Clidom's total risk alpha, downside variance, daily balance of power, as well as the relationship between the maximum drawdown and skewness , to make a quick decision on whether Holaluz Clidom's current trending patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Holaluz Clidom SA has poor reverse predictability. Overlapping area represents the amount of predictability between Holaluz Clidom time series from 29th of August 2024 to 13th of October 2024 and 13th of October 2024 to 27th 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 Holaluz Clidom SA price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Holaluz Clidom price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Holaluz Clidom SA lagged returns against current returns
Autocorrelation, which is Holaluz Clidom 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 Holaluz Clidom's stock expected returns. We can calculate the autocorrelation of Holaluz Clidom returns to help us make a trade decision. For example, suppose you find that Holaluz Clidom 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 |
Holaluz Clidom 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 Holaluz Clidom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Holaluz Clidom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Holaluz Clidom stock over time.
Current vs Lagged Prices |
| Timeline |
Holaluz Clidom Lagged Returns
When evaluating Holaluz Clidom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Holaluz Clidom stock have on its future price. Holaluz Clidom 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, Holaluz Clidom autocorrelation shows the relationship between Holaluz Clidom stock current value and its past values and can show if there is a momentum factor associated with investing in Holaluz Clidom SA.
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 Holaluz Stock
Holaluz Clidom financial ratios help investors to determine whether Holaluz 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 Holaluz with respect to the benefits of owning Holaluz Clidom security.