Hargreaves Services (UK) Market Value
| HSP Stock | 572.00 8.00 1.42% |
| Symbol | Hargreaves |
Hargreaves Services '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 Hargreaves Services' 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 Hargreaves Services.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Hargreaves Services on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Hargreaves Services Plc or generate 0.0% return on investment in Hargreaves Services over 360 days. Hargreaves Services is related to or competes with Arrow Electronics, Cizzle Biotechnology, Nordic Semiconductor, Martin Marietta, BE Semiconductor, Playtech Plc, and Compagnie Plastic. Hargreaves Services is entity of United Kingdom More
Hargreaves Services 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 Hargreaves Services' 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 Hargreaves Services Plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.84 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 4.28 |
Hargreaves Services Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hargreaves Services' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hargreaves Services' standard deviation. In reality, there are many statistical measures that can use Hargreaves Services historical prices to predict the future Hargreaves Services' volatility.| Risk Adjusted Performance | 0.0035 | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.03) |
Hargreaves Services Plc Backtested Returns
Hargreaves Services Plc holds Efficiency (Sharpe) Ratio of -0.0064, which attests that the entity had a -0.0064% return per unit of risk over the last 3 months. Hargreaves Services Plc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hargreaves Services' Risk Adjusted Performance of 0.0035, standard deviation of 2.43, and Market Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hargreaves Services' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hargreaves Services is expected to be smaller as well. At this point, Hargreaves Services Plc has a negative expected return of -0.0157%. Please make sure to check out Hargreaves Services' accumulation distribution, and the relationship between the potential upside and day median price , to decide if Hargreaves Services Plc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Hargreaves Services Plc has poor predictability. Overlapping area represents the amount of predictability between Hargreaves Services time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Hargreaves Services Plc price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Hargreaves Services price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 667.05 |
Hargreaves Services Plc lagged returns against current returns
Autocorrelation, which is Hargreaves Services 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 Hargreaves Services' stock expected returns. We can calculate the autocorrelation of Hargreaves Services returns to help us make a trade decision. For example, suppose you find that Hargreaves Services 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 |
Hargreaves Services 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 Hargreaves Services stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hargreaves Services stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hargreaves Services stock over time.
Current vs Lagged Prices |
| Timeline |
Hargreaves Services Lagged Returns
When evaluating Hargreaves Services' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hargreaves Services stock have on its future price. Hargreaves Services 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, Hargreaves Services autocorrelation shows the relationship between Hargreaves Services stock current value and its past values and can show if there is a momentum factor associated with investing in Hargreaves Services Plc.
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 Hargreaves Stock
Hargreaves Services financial ratios help investors to determine whether Hargreaves 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 Hargreaves with respect to the benefits of owning Hargreaves Services security.