HOTELEST (Mauritius) Market Value
| HTLS Stock | 16.75 0.00 0.00% |
| Symbol | HOTELEST |
HOTELEST '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 HOTELEST'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 HOTELEST.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in HOTELEST on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding HOTELEST LTD or generate 0.0% return on investment in HOTELEST over 720 days.
HOTELEST 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 HOTELEST'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 HOTELEST LTD upside and downside potential and time the market with a certain degree of confidence.
HOTELEST Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HOTELEST's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HOTELEST's standard deviation. In reality, there are many statistical measures that can use HOTELEST historical prices to predict the future HOTELEST's volatility.HOTELEST LTD Backtested Returns
We have found three technical indicators for HOTELEST LTD, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and HOTELEST are completely uncorrelated.
Auto-correlation | 0.71 |
Good predictability
HOTELEST LTD has good predictability. Overlapping area represents the amount of predictability between HOTELEST time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 HOTELEST LTD price movement. The serial correlation of 0.71 indicates that around 71.0% of current HOTELEST price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 3.68 |
HOTELEST LTD lagged returns against current returns
Autocorrelation, which is HOTELEST 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 HOTELEST's stock expected returns. We can calculate the autocorrelation of HOTELEST returns to help us make a trade decision. For example, suppose you find that HOTELEST 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 |
HOTELEST 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 HOTELEST stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HOTELEST stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HOTELEST stock over time.
Current vs Lagged Prices |
| Timeline |
HOTELEST Lagged Returns
When evaluating HOTELEST's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HOTELEST stock have on its future price. HOTELEST 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, HOTELEST autocorrelation shows the relationship between HOTELEST stock current value and its past values and can show if there is a momentum factor associated with investing in HOTELEST LTD.
Regressed Prices |
| Timeline |
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