HiProMine (Poland) Market Value
| HPM Stock | 203.00 3.00 1.50% |
| Symbol | HiProMine |
HiProMine '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 HiProMine'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 HiProMine.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in HiProMine on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding HiProMine SA or generate 0.0% return on investment in HiProMine over 30 days. HiProMine is related to or competes with Clean Carbon, ADX, Agroliga Group, and Vee SA. More
HiProMine 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 HiProMine'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 HiProMine SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 10.14 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 2.53 |
HiProMine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HiProMine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HiProMine's standard deviation. In reality, there are many statistical measures that can use HiProMine historical prices to predict the future HiProMine's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.25) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HiProMine'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.
HiProMine SA Backtested Returns
HiProMine SA holds Efficiency (Sharpe) Ratio of -0.0644, which attests that the entity had a -0.0644% return per unit of volatility over the last 3 months. HiProMine SA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HiProMine's market risk adjusted performance of (0.24), and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HiProMine's returns are expected to increase less than the market. However, during the bear market, the loss of holding HiProMine is expected to be smaller as well. At this point, HiProMine SA has a negative expected return of -0.11%. Please make sure to check out HiProMine's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if HiProMine SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
HiProMine SA has almost perfect reverse predictability. Overlapping area represents the amount of predictability between HiProMine time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 HiProMine SA price movement. The serial correlation of -0.74 indicates that around 74.0% of current HiProMine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 21.96 |
HiProMine SA lagged returns against current returns
Autocorrelation, which is HiProMine 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 HiProMine's stock expected returns. We can calculate the autocorrelation of HiProMine returns to help us make a trade decision. For example, suppose you find that HiProMine 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 |
HiProMine 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 HiProMine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HiProMine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HiProMine stock over time.
Current vs Lagged Prices |
| Timeline |
HiProMine Lagged Returns
When evaluating HiProMine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HiProMine stock have on its future price. HiProMine 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, HiProMine autocorrelation shows the relationship between HiProMine stock current value and its past values and can show if there is a momentum factor associated with investing in HiProMine SA.
Regressed Prices |
| Timeline |
Pair Trading with HiProMine
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if HiProMine position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in HiProMine will appreciate offsetting losses from the drop in the long position's value.Moving against HiProMine Stock
The ability to find closely correlated positions to HiProMine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HiProMine when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back HiProMine - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling HiProMine SA to buy it.
The correlation of HiProMine is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HiProMine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HiProMine SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for HiProMine can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for HiProMine Stock Analysis
When running HiProMine's price analysis, check to measure HiProMine'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 HiProMine is operating at the current time. Most of HiProMine's value examination focuses on studying past and present price action to predict the probability of HiProMine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HiProMine's price. Additionally, you may evaluate how the addition of HiProMine to your portfolios can decrease your overall portfolio volatility.