HP (Mexico) Market Value
| HPQ Stock | MXN 677.00 5.99 0.89% |
| Symbol | HP |
HP '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 HP'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 HP.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in HP on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding HP Inc or generate 0.0% return on investment in HP over 30 days. HP is related to or competes with Prudential Financial, First Majestic, Home Depot, Grupo Sports, First Republic, and GMxico Transportes. HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, s... More
HP 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 HP'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 HP Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 13.03 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 2.27 |
HP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HP's standard deviation. In reality, there are many statistical measures that can use HP historical prices to predict the future HP's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.4717 |
HP Inc Backtested Returns
HP Inc retains Efficiency (Sharpe Ratio) of -0.0589, which attests that the entity had a -0.0589 % return per unit of price deviation over the last 3 months. HP exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HP's Information Ratio of (0.13), market risk adjusted performance of 0.4817, and Coefficient Of Variation of (1,544) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HP are expected to decrease at a much lower rate. During the bear market, HP is likely to outperform the market. At this point, HP Inc has a negative expected return of -0.0999%. Please make sure to check out HP's standard deviation, potential upside, day typical price, as well as the relationship between the jensen alpha and daily balance of power , to decide if HP Inc performance from the past will be repeated sooner or later.
Auto-correlation | -0.05 |
Very weak reverse predictability
HP Inc has very weak reverse predictability. Overlapping area represents the amount of predictability between HP time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HP Inc price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current HP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 7.97 |
HP Inc lagged returns against current returns
Autocorrelation, which is HP 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 HP's stock expected returns. We can calculate the autocorrelation of HP returns to help us make a trade decision. For example, suppose you find that HP 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 |
HP 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 HP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HP stock over time.
Current vs Lagged Prices |
| Timeline |
HP Lagged Returns
When evaluating HP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HP stock have on its future price. HP 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, HP autocorrelation shows the relationship between HP stock current value and its past values and can show if there is a momentum factor associated with investing in HP Inc.
Regressed Prices |
| Timeline |
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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.Additional Tools for HP Stock Analysis
When running HP's price analysis, check to measure HP'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 HP is operating at the current time. Most of HP's value examination focuses on studying past and present price action to predict the probability of HP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HP's price. Additionally, you may evaluate how the addition of HP to your portfolios can decrease your overall portfolio volatility.