ÜSTRA Hannoversche (Germany) Market Value
| HVB Stock | EUR 9.40 0.00 0.00% |
| Symbol | ÜSTRA |
ÜSTRA Hannoversche '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 ÜSTRA Hannoversche'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 ÜSTRA Hannoversche.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in ÜSTRA Hannoversche on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding STRA Hannoversche Verkehrsbetriebe or generate 0.0% return on investment in ÜSTRA Hannoversche over 720 days. ÜSTRA Hannoversche is related to or competes with SCANDMEDICAL SOLDK-040, MGIC INVESTMENT, HK Electric, MEDICAL FACILITIES, SLR Investment, ONWARD MEDICAL, and Compugroup Medical. STRA Hannoversche Verkehrsbetriebe Aktiengesellschaft operates as a local public transportation company in Germany More
ÜSTRA Hannoversche 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 ÜSTRA Hannoversche'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 STRA Hannoversche Verkehrsbetriebe upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 21.7 | |||
| Value At Risk | (7.34) | |||
| Potential Upside | 7.0 |
ÜSTRA Hannoversche Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ÜSTRA Hannoversche's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ÜSTRA Hannoversche's standard deviation. In reality, there are many statistical measures that can use ÜSTRA Hannoversche historical prices to predict the future ÜSTRA Hannoversche's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (1.04) | |||
| Treynor Ratio | (0.80) |
ÜSTRA Hannoversche Backtested Returns
ÜSTRA Hannoversche shows Sharpe Ratio of -0.0822, which attests that the company had a -0.0822% return per unit of risk over the last 3 months. ÜSTRA Hannoversche exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ÜSTRA Hannoversche's Market Risk Adjusted Performance of (0.79), mean deviation of 2.85, and Standard Deviation of 4.09 to validate the risk estimate we provide. The firm maintains a market beta of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ÜSTRA Hannoversche's returns are expected to increase less than the market. However, during the bear market, the loss of holding ÜSTRA Hannoversche is expected to be smaller as well. At this point, ÜSTRA Hannoversche has a negative expected return of -0.34%. Please make sure to check out ÜSTRA Hannoversche's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if ÜSTRA Hannoversche performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
STRA Hannoversche Verkehrsbetriebe has insignificant predictability. Overlapping area represents the amount of predictability between ÜSTRA Hannoversche time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 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 ÜSTRA Hannoversche price movement. The serial correlation of 0.11 indicates that less than 11.0% of current ÜSTRA Hannoversche price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.92 |
ÜSTRA Hannoversche lagged returns against current returns
Autocorrelation, which is ÜSTRA Hannoversche 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 ÜSTRA Hannoversche's stock expected returns. We can calculate the autocorrelation of ÜSTRA Hannoversche returns to help us make a trade decision. For example, suppose you find that ÜSTRA Hannoversche 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 |
ÜSTRA Hannoversche 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 ÜSTRA Hannoversche stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ÜSTRA Hannoversche stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ÜSTRA Hannoversche stock over time.
Current vs Lagged Prices |
| Timeline |
ÜSTRA Hannoversche Lagged Returns
When evaluating ÜSTRA Hannoversche's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ÜSTRA Hannoversche stock have on its future price. ÜSTRA Hannoversche 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, ÜSTRA Hannoversche autocorrelation shows the relationship between ÜSTRA Hannoversche stock current value and its past values and can show if there is a momentum factor associated with investing in STRA Hannoversche Verkehrsbetriebe.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ÜSTRA Stock
ÜSTRA Hannoversche financial ratios help investors to determine whether ÜSTRA 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 ÜSTRA with respect to the benefits of owning ÜSTRA Hannoversche security.