Harris Technology (Australia) Market Value
| HT8 Stock | 0.01 0 10.00% |
| Symbol | Harris |
Harris 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 Harris 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 Harris Technology.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Harris Technology on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Harris Technology Group or generate 0.0% return on investment in Harris Technology over 60 days. Harris Technology is related to or competes with Champion Iron, Ridley, Peel Mining, Perpetual Credit, Telix Pharmaceuticals, and Talisman Mining. Harris Technology is entity of Australia More
Harris 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 Harris 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 Harris Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 26.67 | |||
| Value At Risk | (10.00) | |||
| Potential Upside | 11.11 |
Harris Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harris Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harris Technology's standard deviation. In reality, there are many statistical measures that can use Harris Technology historical prices to predict the future Harris Technology's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | (1.40) |
Harris Technology Backtested Returns
Harris Technology holds Efficiency (Sharpe) Ratio of -0.0327, which attests that the entity had a -0.0327% return per unit of risk over the last 3 months. Harris Technology exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harris Technology's Market Risk Adjusted Performance of (1.39), standard deviation of 5.22, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harris Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harris Technology is expected to be smaller as well. At this point, Harris Technology has a negative expected return of -0.17%. Please make sure to check out Harris Technology's potential upside, kurtosis, and the relationship between the maximum drawdown and skewness , to decide if Harris Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.09 |
Virtually no predictability
Harris Technology Group has virtually no predictability. Overlapping area represents the amount of predictability between Harris Technology time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Harris Technology price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Harris Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Harris Technology lagged returns against current returns
Autocorrelation, which is Harris 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 Harris Technology's stock expected returns. We can calculate the autocorrelation of Harris Technology returns to help us make a trade decision. For example, suppose you find that Harris 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 |
Harris 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 Harris Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harris Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harris Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Harris Technology Lagged Returns
When evaluating Harris Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harris Technology stock have on its future price. Harris 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, Harris Technology autocorrelation shows the relationship between Harris Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Harris Technology Group.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Harris Stock Analysis
When running Harris Technology's price analysis, check to measure Harris Technology'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 Harris Technology is operating at the current time. Most of Harris Technology's value examination focuses on studying past and present price action to predict the probability of Harris Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harris Technology's price. Additionally, you may evaluate how the addition of Harris Technology to your portfolios can decrease your overall portfolio volatility.