Hammond Power Solutions Stock Market Value
| HMDPF Stock | USD 101.11 4.23 4.37% |
| Symbol | Hammond |
Hammond Power '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 Hammond Power'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 Hammond Power.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Hammond Power on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Hammond Power Solutions or generate 0.0% return on investment in Hammond Power over 720 days. Hammond Power is related to or competes with Flux Power, Advanced Energy, NVent Electric, Enersys, Acuity Brands, and Kimball Electronics. Hammond Power Solutions Inc., together with its subsidiaries, designs, manufactures, and sells custom electrical enginee... More
Hammond Power 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 Hammond Power'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 Hammond Power Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.7 | |||
| Information Ratio | 0.0296 | |||
| Maximum Drawdown | 18.31 | |||
| Value At Risk | (5.39) | |||
| Potential Upside | 4.72 |
Hammond Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hammond Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hammond Power's standard deviation. In reality, there are many statistical measures that can use Hammond Power historical prices to predict the future Hammond Power's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.0557 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.02 | |||
| Treynor Ratio | 0.1704 |
Hammond Power Solutions Backtested Returns
Hammond Power appears to be very steady, given 3 months investment horizon. Hammond Power Solutions holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hammond Power Solutions, which you can use to evaluate the volatility of the firm. Please utilize Hammond Power's Risk Adjusted Performance of 0.0633, downside deviation of 4.7, and Market Risk Adjusted Performance of 0.1804 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hammond Power holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 1.3, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hammond Power will likely underperform. Please check Hammond Power's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Hammond Power's current trending patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Hammond Power Solutions has average predictability. Overlapping area represents the amount of predictability between Hammond Power time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Hammond Power Solutions price movement. The serial correlation of 0.49 indicates that about 49.0% of current Hammond Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 195.53 |
Hammond Power Solutions lagged returns against current returns
Autocorrelation, which is Hammond Power 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 Hammond Power's pink sheet expected returns. We can calculate the autocorrelation of Hammond Power returns to help us make a trade decision. For example, suppose you find that Hammond Power 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 |
Hammond Power 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 Hammond Power pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hammond Power pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hammond Power pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hammond Power Lagged Returns
When evaluating Hammond Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hammond Power pink sheet have on its future price. Hammond Power 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, Hammond Power autocorrelation shows the relationship between Hammond Power pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hammond Power Solutions.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hammond Pink Sheet
Hammond Power financial ratios help investors to determine whether Hammond 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 Hammond with respect to the benefits of owning Hammond Power security.