Hunter Group (Norway) Market Value
| HUNT Stock | NOK 1.55 0.04 2.65% |
| Symbol | Hunter |
Hunter Group '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 Hunter Group'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 Hunter Group.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Hunter Group on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hunter Group ASA or generate 0.0% return on investment in Hunter Group over 30 days. Hunter Group is related to or competes with Okeanis Eco, Frontline, BW LPG, FLEX LNG, and 2020 Bulkers. Hunter Group ASA, an investment company, primarily focuses on the shipping and oil services investments in Norway and in... More
Hunter Group 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 Hunter Group'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 Hunter Group ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 27.16 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 6.88 |
Hunter Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hunter Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hunter Group's standard deviation. In reality, there are many statistical measures that can use Hunter Group historical prices to predict the future Hunter Group's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.98) | |||
| Treynor Ratio | (1.04) |
Hunter Group ASA Backtested Returns
Hunter Group ASA holds Efficiency (Sharpe) Ratio of -0.0632, which attests that the entity had a -0.0632% return per unit of risk over the last 3 months. Hunter Group ASA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hunter Group's Market Risk Adjusted Performance of (1.03), standard deviation of 4.74, and Risk Adjusted Performance of (0.05) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hunter Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hunter Group is expected to be smaller as well. At this point, Hunter Group ASA has a negative expected return of -0.3%. Please make sure to check out Hunter Group's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Hunter Group ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.88 |
Excellent reverse predictability
Hunter Group ASA has excellent reverse predictability. Overlapping area represents the amount of predictability between Hunter Group time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Hunter Group ASA price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Hunter Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hunter Group ASA lagged returns against current returns
Autocorrelation, which is Hunter Group 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 Hunter Group's stock expected returns. We can calculate the autocorrelation of Hunter Group returns to help us make a trade decision. For example, suppose you find that Hunter Group 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 |
Hunter Group 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 Hunter Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hunter Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hunter Group stock over time.
Current vs Lagged Prices |
| Timeline |
Hunter Group Lagged Returns
When evaluating Hunter Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hunter Group stock have on its future price. Hunter Group 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, Hunter Group autocorrelation shows the relationship between Hunter Group stock current value and its past values and can show if there is a momentum factor associated with investing in Hunter Group ASA.
Regressed Prices |
| Timeline |
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Hunter Group financial ratios help investors to determine whether Hunter 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 Hunter with respect to the benefits of owning Hunter Group security.