Hitachi Ltd Adr Stock Market Value
| HTHIY Stock | USD 50.19 1.36 2.79% |
| Symbol | Hitachi |
Hitachi '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 Hitachi's pink sheet 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 Hitachi.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Hitachi on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Hitachi Ltd ADR or generate 0.0% return on investment in Hitachi over 540 days. Hitachi is related to or competes with Teijin, Jardine Matheson, Marubeni Corp, Mitsubishi Corp, Itochu Corp, Marubeni, and Compass Diversified. Hitachi, Ltd. provides information technology, energy, industry, mobility, and smart life solutions in Japan and interna... More
Hitachi 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 Hitachi's pink sheet 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 Hitachi Ltd ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.27 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.14 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 3.53 |
Hitachi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hitachi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hitachi's standard deviation. In reality, there are many statistical measures that can use Hitachi historical prices to predict the future Hitachi's volatility.| Risk Adjusted Performance | 0.0362 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0762 |
Hitachi Ltd ADR Backtested Returns
At this stage we consider Hitachi Pink Sheet to be very steady. Hitachi Ltd ADR holds Efficiency (Sharpe) Ratio of 0.0404, which attests that the entity had a 0.0404% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hitachi Ltd ADR, which you can use to evaluate the volatility of the firm. Please check out Hitachi's Market Risk Adjusted Performance of 0.0862, risk adjusted performance of 0.0362, and Downside Deviation of 3.27 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Hitachi has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.22, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hitachi will likely underperform. Hitachi Ltd ADR right now retains a risk of 2.74%. Please check out Hitachi downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Hitachi will be following its current trending patterns.
Auto-correlation | 0.69 |
Good predictability
Hitachi Ltd ADR has good predictability. Overlapping area represents the amount of predictability between Hitachi time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Hitachi Ltd ADR price movement. The serial correlation of 0.69 indicates that around 69.0% of current Hitachi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 40.77 |
Hitachi Ltd ADR lagged returns against current returns
Autocorrelation, which is Hitachi pink sheet'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 Hitachi's pink sheet expected returns. We can calculate the autocorrelation of Hitachi returns to help us make a trade decision. For example, suppose you find that Hitachi has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Hitachi 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 Hitachi pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hitachi pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hitachi pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hitachi Lagged Returns
When evaluating Hitachi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hitachi pink sheet have on its future price. Hitachi 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, Hitachi autocorrelation shows the relationship between Hitachi pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hitachi Ltd ADR.
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.Additional Tools for Hitachi Pink Sheet Analysis
When running Hitachi's price analysis, check to measure Hitachi'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 Hitachi is operating at the current time. Most of Hitachi's value examination focuses on studying past and present price action to predict the probability of Hitachi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitachi's price. Additionally, you may evaluate how the addition of Hitachi to your portfolios can decrease your overall portfolio volatility.