HMS Bergbau (Germany) Market Value
| HMU Stock | 29.20 0.20 0.69% |
| Symbol | HMS |
HMS Bergbau '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 HMS Bergbau'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 HMS Bergbau.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in HMS Bergbau on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding HMS Bergbau AG or generate 0.0% return on investment in HMS Bergbau over 180 days. HMS Bergbau is related to or competes with Natural Health, AEGEAN AIRLINES, Cardinal Health, CeoTronics, Bumrungrad Hospital, SHIP HEALTHCARE, and Sims Metal. More
HMS Bergbau 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 HMS Bergbau'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 HMS Bergbau AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.0287 | |||
| Maximum Drawdown | 7.41 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 2.11 |
HMS Bergbau Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HMS Bergbau's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HMS Bergbau's standard deviation. In reality, there are many statistical measures that can use HMS Bergbau historical prices to predict the future HMS Bergbau's volatility.| Risk Adjusted Performance | 0.1109 | |||
| Jensen Alpha | 0.1518 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0237 | |||
| Treynor Ratio | 1.85 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HMS Bergbau'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.
HMS Bergbau AG Backtested Returns
Currently, HMS Bergbau AG is very steady. HMS Bergbau AG holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for HMS Bergbau AG, which you can use to evaluate the volatility of the firm. Please check out HMS Bergbau's risk adjusted performance of 0.1109, and Market Risk Adjusted Performance of 1.86 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. HMS Bergbau has a performance score of 11 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.088, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HMS Bergbau's returns are expected to increase less than the market. However, during the bear market, the loss of holding HMS Bergbau is expected to be smaller as well. HMS Bergbau AG currently retains a risk of 1.25%. Please check out HMS Bergbau value at risk, as well as the relationship between the skewness and day median price , to decide if HMS Bergbau will be following its current trending patterns.
Auto-correlation | 0.71 |
Good predictability
HMS Bergbau AG has good predictability. Overlapping area represents the amount of predictability between HMS Bergbau time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 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 HMS Bergbau AG price movement. The serial correlation of 0.71 indicates that around 71.0% of current HMS Bergbau price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 1.26 |
HMS Bergbau AG lagged returns against current returns
Autocorrelation, which is HMS Bergbau 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 HMS Bergbau's stock expected returns. We can calculate the autocorrelation of HMS Bergbau returns to help us make a trade decision. For example, suppose you find that HMS Bergbau 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 |
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HMS Bergbau 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 HMS Bergbau stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HMS Bergbau stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HMS Bergbau stock over time.
Current vs Lagged Prices |
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HMS Bergbau Lagged Returns
When evaluating HMS Bergbau's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HMS Bergbau stock have on its future price. HMS Bergbau 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, HMS Bergbau autocorrelation shows the relationship between HMS Bergbau stock current value and its past values and can show if there is a momentum factor associated with investing in HMS Bergbau AG.
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.Additional Tools for HMS Stock Analysis
When running HMS Bergbau's price analysis, check to measure HMS Bergbau's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HMS Bergbau is operating at the current time. Most of HMS Bergbau's value examination focuses on studying past and present price action to predict the probability of HMS Bergbau's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HMS Bergbau's price. Additionally, you may evaluate how the addition of HMS Bergbau to your portfolios can decrease your overall portfolio volatility.