HUDSON TECHNOLOGY (Germany) Market Value
| HT4 Stock | EUR 5.30 0.05 0.93% |
| Symbol | HUDSON |
HUDSON TECHNOLOGY '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 HUDSON TECHNOLOGY'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 HUDSON TECHNOLOGY.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in HUDSON TECHNOLOGY on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding HUDSON TECHNOLOGY or generate 0.0% return on investment in HUDSON TECHNOLOGY over 30 days. HUDSON TECHNOLOGY is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
HUDSON TECHNOLOGY 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 HUDSON TECHNOLOGY'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 HUDSON TECHNOLOGY upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 29.41 | |||
| Value At Risk | (6.41) | |||
| Potential Upside | 7.35 |
HUDSON TECHNOLOGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HUDSON TECHNOLOGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HUDSON TECHNOLOGY's standard deviation. In reality, there are many statistical measures that can use HUDSON TECHNOLOGY historical prices to predict the future HUDSON TECHNOLOGY's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | (0.48) |
HUDSON TECHNOLOGY Backtested Returns
HUDSON TECHNOLOGY holds Efficiency (Sharpe) Ratio of -0.0783, which attests that the entity had a -0.0783% return per unit of return volatility over the last 3 months. HUDSON TECHNOLOGY exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HUDSON TECHNOLOGY's Coefficient Of Variation of (1,403), risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (0.47) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.71, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HUDSON TECHNOLOGY's returns are expected to increase less than the market. However, during the bear market, the loss of holding HUDSON TECHNOLOGY is expected to be smaller as well. At this point, HUDSON TECHNOLOGY has a negative expected return of -0.36%. Please make sure to check out HUDSON TECHNOLOGY's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if HUDSON TECHNOLOGY performance from the past will be repeated at future time.
Auto-correlation | -0.19 |
Insignificant reverse predictability
HUDSON TECHNOLOGY has insignificant reverse predictability. Overlapping area represents the amount of predictability between HUDSON TECHNOLOGY time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 HUDSON TECHNOLOGY price movement. The serial correlation of -0.19 indicates that over 19.0% of current HUDSON TECHNOLOGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
HUDSON TECHNOLOGY lagged returns against current returns
Autocorrelation, which is HUDSON TECHNOLOGY 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 HUDSON TECHNOLOGY's stock expected returns. We can calculate the autocorrelation of HUDSON TECHNOLOGY returns to help us make a trade decision. For example, suppose you find that HUDSON TECHNOLOGY 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 |
HUDSON TECHNOLOGY 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 HUDSON TECHNOLOGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HUDSON TECHNOLOGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HUDSON TECHNOLOGY stock over time.
Current vs Lagged Prices |
| Timeline |
HUDSON TECHNOLOGY Lagged Returns
When evaluating HUDSON TECHNOLOGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HUDSON TECHNOLOGY stock have on its future price. HUDSON TECHNOLOGY 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, HUDSON TECHNOLOGY autocorrelation shows the relationship between HUDSON TECHNOLOGY stock current value and its past values and can show if there is a momentum factor associated with investing in HUDSON TECHNOLOGY.
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.Other Information on Investing in HUDSON Stock
HUDSON TECHNOLOGY financial ratios help investors to determine whether HUDSON 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 HUDSON with respect to the benefits of owning HUDSON TECHNOLOGY security.