Hop On Inc Stock Market Value
| HPNN Stock | USD 0.0008 0.00 0.00% |
| Symbol | Hop |
Hop On '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 Hop On's pink sheet 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 Hop On.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hop On on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Hop On Inc or generate 0.0% return on investment in Hop On over 30 days. Hop On is related to or competes with Baylin Technologies, Viavi Solutions, SatixFy Communications, Electronic Systems, Lumentum Holdings, NETGEAR, and KVH Industries. Hop-On Inc. develops and manufactures electronic products, distributed software, and telecommunications hardware and ser... More
Hop On 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 Hop On's pink sheet 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 Hop On Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 19.53 | |||
| Information Ratio | 0.1304 | |||
| Maximum Drawdown | 70.0 | |||
| Value At Risk | (20.00) | |||
| Potential Upside | 28.57 |
Hop On Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hop On's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hop On's standard deviation. In reality, there are many statistical measures that can use Hop On historical prices to predict the future Hop On's volatility.| Risk Adjusted Performance | 0.1155 | |||
| Jensen Alpha | 2.19 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.1113 | |||
| Treynor Ratio | 2.71 |
Hop On Inc Backtested Returns
Hop On is out of control given 3 months investment horizon. Hop On Inc 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 were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.97% are justified by taking the suggested risk. Use Hop On Inc Market Risk Adjusted Performance of 2.72, risk adjusted performance of 0.1155, and Downside Deviation of 19.53 to evaluate company specific risk that cannot be diversified away. Hop On holds a performance score of 9 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.85, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hop On's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hop On is expected to be smaller as well. Use Hop On Inc maximum drawdown, as well as the relationship between the expected short fall and day median price , to analyze future returns on Hop On Inc.
Auto-correlation | 0.33 |
Below average predictability
Hop On Inc has below average predictability. Overlapping area represents the amount of predictability between Hop On time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Hop On Inc price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Hop On price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hop On Inc lagged returns against current returns
Autocorrelation, which is Hop On pink sheet'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 Hop On's pink sheet expected returns. We can calculate the autocorrelation of Hop On returns to help us make a trade decision. For example, suppose you find that Hop On has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Hop On 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 Hop On pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hop On pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hop On pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hop On Lagged Returns
When evaluating Hop On's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hop On pink sheet have on its future price. Hop On 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, Hop On autocorrelation shows the relationship between Hop On pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hop On Inc.
Regressed Prices |
| Timeline |
Pair Trading with Hop On
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 Hop On 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 Hop On will appreciate offsetting losses from the drop in the long position's value.Moving against Hop Pink Sheet
The ability to find closely correlated positions to Hop On could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hop On 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 Hop On - 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 Hop On Inc to buy it.
The correlation of Hop On 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 Hop On moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hop On Inc 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 Hop On 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.Other Information on Investing in Hop Pink Sheet
Hop On financial ratios help investors to determine whether Hop Pink Sheet 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 Hop with respect to the benefits of owning Hop On security.