L3Harris Technologies (Germany) Market Value
| HRS Stock | EUR 202.60 0.40 0.20% |
| Symbol | L3Harris |
L3Harris Technologies '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 L3Harris Technologies' 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 L3Harris Technologies.
| 12/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in L3Harris Technologies on December 6, 2024 and sell it all today you would earn a total of 0.00 from holding L3Harris Technologies or generate 0.0% return on investment in L3Harris Technologies over 30 days. L3Harris Technologies is related to or competes with APPLIED MATERIALS, Applied Materials, HYDROFARM HLD, Sumitomo Rubber, Summit Materials, EAGLE MATERIALS, and AIR PRODCHEMICALS. L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for govern... More
L3Harris Technologies 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 L3Harris Technologies' 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 L3Harris Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.78 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 3.22 |
L3Harris Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for L3Harris Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as L3Harris Technologies' standard deviation. In reality, there are many statistical measures that can use L3Harris Technologies historical prices to predict the future L3Harris Technologies' volatility.| Risk Adjusted Performance | 0.001 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.24) |
L3Harris Technologies Backtested Returns
L3Harris Technologies has Sharpe Ratio of -0.0773, which conveys that the company had a -0.0773% return per unit of risk over the last 3 months. L3Harris Technologies exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify L3Harris Technologies' Coefficient Of Variation of (20,425), mean deviation of 1.24, and Standard Deviation of 1.61 to check out the risk estimate we provide. The firm secures a Beta (Market Risk) of 0.0759, which conveys not very significant fluctuations relative to the market. As returns on the market increase, L3Harris Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding L3Harris Technologies is expected to be smaller as well. At this point, L3Harris Technologies has a negative expected return of -0.12%. Please make sure to verify L3Harris Technologies' variance, treynor ratio, daily balance of power, as well as the relationship between the jensen alpha and skewness , to decide if L3Harris Technologies performance from the past will be repeated at some future date.
Auto-correlation | 0.49 |
Average predictability
L3Harris Technologies has average predictability. Overlapping area represents the amount of predictability between L3Harris Technologies time series from 6th of December 2024 to 21st of December 2024 and 21st of December 2024 to 5th 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 L3Harris Technologies price movement. The serial correlation of 0.49 indicates that about 49.0% of current L3Harris Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
L3Harris Technologies lagged returns against current returns
Autocorrelation, which is L3Harris Technologies 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 L3Harris Technologies' stock expected returns. We can calculate the autocorrelation of L3Harris Technologies returns to help us make a trade decision. For example, suppose you find that L3Harris Technologies 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 |
L3Harris Technologies 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 L3Harris Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if L3Harris Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in L3Harris Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
L3Harris Technologies Lagged Returns
When evaluating L3Harris Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of L3Harris Technologies stock have on its future price. L3Harris Technologies 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, L3Harris Technologies autocorrelation shows the relationship between L3Harris Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in L3Harris Technologies.
Regressed Prices |
| Timeline |
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Additional Information and Resources on Investing in L3Harris Stock
When determining whether L3Harris Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of L3Harris Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of L3harris Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on L3harris Technologies Stock:Check out L3Harris Technologies Correlation, L3Harris Technologies Volatility and L3Harris Technologies Alpha and Beta module to complement your research on L3Harris Technologies. For more detail on how to invest in L3Harris Stock please use our How to Invest in L3Harris Technologies guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
L3Harris Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.