Hammerson PLC (South Africa) Market Value
| HMN Stock | 6,570 62.00 0.95% |
| Symbol | Hammerson |
Hammerson PLC '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 Hammerson PLC'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 Hammerson PLC.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Hammerson PLC on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Hammerson PLC or generate 0.0% return on investment in Hammerson PLC over 30 days. Hammerson PLC is related to or competes with Sabvest Capital, and Growthpoint Properties. More
Hammerson PLC 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 Hammerson PLC'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 Hammerson PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 7.79 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.75 |
Hammerson PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hammerson PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hammerson PLC's standard deviation. In reality, there are many statistical measures that can use Hammerson PLC historical prices to predict the future Hammerson PLC's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | 5.99 |
Hammerson PLC Backtested Returns
Hammerson PLC holds Efficiency (Sharpe) Ratio of -0.031, which attests that the entity had a -0.031 % return per unit of risk over the last 3 months. Hammerson PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hammerson PLC's Risk Adjusted Performance of (0.08), market risk adjusted performance of 6.0, and Standard Deviation of 1.56 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0269, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hammerson PLC are expected to decrease at a much lower rate. During the bear market, Hammerson PLC is likely to outperform the market. At this point, Hammerson PLC has a negative expected return of -0.0472%. Please make sure to check out Hammerson PLC's treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if Hammerson PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Hammerson PLC has below average predictability. Overlapping area represents the amount of predictability between Hammerson PLC time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hammerson PLC price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Hammerson PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 5316.33 |
Hammerson PLC lagged returns against current returns
Autocorrelation, which is Hammerson PLC 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 Hammerson PLC's stock expected returns. We can calculate the autocorrelation of Hammerson PLC returns to help us make a trade decision. For example, suppose you find that Hammerson PLC 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 |
Hammerson PLC 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 Hammerson PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hammerson PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hammerson PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Hammerson PLC Lagged Returns
When evaluating Hammerson PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hammerson PLC stock have on its future price. Hammerson PLC 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, Hammerson PLC autocorrelation shows the relationship between Hammerson PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Hammerson PLC.
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 Hammerson Stock
Hammerson PLC financial ratios help investors to determine whether Hammerson 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 Hammerson with respect to the benefits of owning Hammerson PLC security.