Honkarakenne Oyj (Finland) Market Value
| HONBS Stock | EUR 2.82 0.03 1.05% |
| Symbol | Honkarakenne |
Honkarakenne Oyj '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 Honkarakenne Oyj'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 Honkarakenne Oyj.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Honkarakenne Oyj on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Honkarakenne Oyj B or generate 0.0% return on investment in Honkarakenne Oyj over 30 days. Honkarakenne Oyj is related to or competes with Tokmanni Group, Harvia Oyj, CapMan Oyj, Kamux Suomi, and Verkkokauppa Oyj. Honkarakenne Oyj designs, manufactures, and sells log house packages More
Honkarakenne Oyj 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 Honkarakenne Oyj'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 Honkarakenne Oyj B upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 6.83 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 2.39 |
Honkarakenne Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Honkarakenne Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Honkarakenne Oyj's standard deviation. In reality, there are many statistical measures that can use Honkarakenne Oyj historical prices to predict the future Honkarakenne Oyj's volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Honkarakenne Oyj'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.
Honkarakenne Oyj B Backtested Returns
Honkarakenne Oyj B holds Efficiency (Sharpe) Ratio of -0.0199, which attests that the entity had a -0.0199% return per unit of risk over the last 3 months. Honkarakenne Oyj B exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Honkarakenne Oyj's Standard Deviation of 1.42, risk adjusted performance of 0.0013, and Market Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Honkarakenne Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Honkarakenne Oyj is expected to be smaller as well. At this point, Honkarakenne Oyj B has a negative expected return of -0.0283%. Please make sure to check out Honkarakenne Oyj's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Honkarakenne Oyj B performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Honkarakenne Oyj B has poor reverse predictability. Overlapping area represents the amount of predictability between Honkarakenne Oyj time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Honkarakenne Oyj B price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Honkarakenne Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Honkarakenne Oyj B lagged returns against current returns
Autocorrelation, which is Honkarakenne Oyj 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 Honkarakenne Oyj's stock expected returns. We can calculate the autocorrelation of Honkarakenne Oyj returns to help us make a trade decision. For example, suppose you find that Honkarakenne Oyj 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 |
Honkarakenne Oyj 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 Honkarakenne Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Honkarakenne Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Honkarakenne Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Honkarakenne Oyj Lagged Returns
When evaluating Honkarakenne Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Honkarakenne Oyj stock have on its future price. Honkarakenne Oyj 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, Honkarakenne Oyj autocorrelation shows the relationship between Honkarakenne Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Honkarakenne Oyj B.
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 Honkarakenne Stock
Honkarakenne Oyj financial ratios help investors to determine whether Honkarakenne 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 Honkarakenne with respect to the benefits of owning Honkarakenne Oyj security.