Hoist Finance (Sweden) Market Value
| HOFI Stock | SEK 96.70 1.10 1.15% |
| Symbol | Hoist |
Hoist Finance '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 Hoist Finance'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 Hoist Finance.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Hoist Finance on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Hoist Finance AB or generate 0.0% return on investment in Hoist Finance over 30 days. Hoist Finance is related to or competes with Intrum Justitia, Inwido AB, Resurs Holding, and Cloetta AB. Hoist Finance AB provides solutions for the acquisition and management of non-performing loans in Europe More
Hoist Finance 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 Hoist Finance'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 Hoist Finance AB upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.0714 | |||
| Maximum Drawdown | 25.16 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 3.34 |
Hoist Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hoist Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hoist Finance's standard deviation. In reality, there are many statistical measures that can use Hoist Finance historical prices to predict the future Hoist Finance's volatility.| Risk Adjusted Performance | 0.0936 | |||
| Jensen Alpha | 0.2806 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1029 | |||
| Treynor Ratio | 0.6069 |
Hoist Finance AB Backtested Returns
Hoist Finance appears to be very steady, given 3 months investment horizon. Hoist Finance AB holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hoist Finance AB, which you can use to evaluate the volatility of the firm. Please utilize Hoist Finance's Market Risk Adjusted Performance of 0.6169, risk adjusted performance of 0.0936, and Downside Deviation of 2.23 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hoist Finance holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hoist Finance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hoist Finance is expected to be smaller as well. Please check Hoist Finance's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hoist Finance's current trending patterns will revert.
Auto-correlation | 0.26 |
Poor predictability
Hoist Finance AB has poor predictability. Overlapping area represents the amount of predictability between Hoist Finance time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Hoist Finance AB price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Hoist Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 4.87 |
Hoist Finance AB lagged returns against current returns
Autocorrelation, which is Hoist Finance 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 Hoist Finance's stock expected returns. We can calculate the autocorrelation of Hoist Finance returns to help us make a trade decision. For example, suppose you find that Hoist Finance 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 |
Hoist Finance 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 Hoist Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hoist Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hoist Finance stock over time.
Current vs Lagged Prices |
| Timeline |
Hoist Finance Lagged Returns
When evaluating Hoist Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hoist Finance stock have on its future price. Hoist Finance 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, Hoist Finance autocorrelation shows the relationship between Hoist Finance stock current value and its past values and can show if there is a momentum factor associated with investing in Hoist Finance AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hoist Stock Analysis
When running Hoist Finance's price analysis, check to measure Hoist Finance'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 Hoist Finance is operating at the current time. Most of Hoist Finance's value examination focuses on studying past and present price action to predict the probability of Hoist Finance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hoist Finance's price. Additionally, you may evaluate how the addition of Hoist Finance to your portfolios can decrease your overall portfolio volatility.