HNI (Germany) Market Value
| HO9 Stock | EUR 52.50 0.50 0.94% |
| Symbol | HNI |
HNI '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 HNI'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 HNI.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in HNI on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding HNI Corporation or generate 0.0% return on investment in HNI over 30 days. HNI is related to or competes with Hitachi Construction, Commercial Vehicle, North American, AUST AGRICULTURAL, Granite Construction, and Titan Machinery. HNI Corporation manufactures and sells office furniture and hearth products in the United States, Canada, China, Hong Ko... More
HNI 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 HNI'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 HNI Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.028 | |||
| Maximum Drawdown | 8.5 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.56 |
HNI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HNI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HNI's standard deviation. In reality, there are many statistical measures that can use HNI historical prices to predict the future HNI's volatility.| Risk Adjusted Performance | 0.0847 | |||
| Jensen Alpha | 0.1324 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0316 | |||
| Treynor Ratio | 0.6321 |
HNI Corporation Backtested Returns
At this point, HNI is very steady. HNI Corporation holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for HNI Corporation, which you can use to evaluate the volatility of the firm. Please check out HNI's Market Risk Adjusted Performance of 0.6421, risk adjusted performance of 0.0847, and Semi Deviation of 1.29 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. HNI has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HNI's returns are expected to increase less than the market. However, during the bear market, the loss of holding HNI is expected to be smaller as well. HNI Corporation now retains a risk of 1.65%. Please check out HNI downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if HNI will be following its current trending patterns.
Auto-correlation | 0.70 |
Good predictability
HNI Corporation has good predictability. Overlapping area represents the amount of predictability between HNI 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 HNI Corporation price movement. The serial correlation of 0.7 indicates that around 70.0% of current HNI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.76 |
HNI Corporation lagged returns against current returns
Autocorrelation, which is HNI 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 HNI's stock expected returns. We can calculate the autocorrelation of HNI returns to help us make a trade decision. For example, suppose you find that HNI 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 |
HNI 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 HNI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HNI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HNI stock over time.
Current vs Lagged Prices |
| Timeline |
HNI Lagged Returns
When evaluating HNI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HNI stock have on its future price. HNI 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, HNI autocorrelation shows the relationship between HNI stock current value and its past values and can show if there is a momentum factor associated with investing in HNI Corporation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HNI Stock
HNI financial ratios help investors to determine whether HNI 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 HNI with respect to the benefits of owning HNI security.