Howden Joinery (UK) Market Value
| HWDN Stock | 816.00 5.00 0.61% |
| Symbol | Howden |
Howden Joinery '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 Howden Joinery'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 Howden Joinery.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Howden Joinery on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Howden Joinery Group or generate 0.0% return on investment in Howden Joinery over 30 days. Howden Joinery is related to or competes with Catalyst Media, CATLIN GROUP, Tamburi Investment, Magnora ASA, RTW Venture, Secure Property, and Oncimmune Holdings. Howden Joinery is entity of United Kingdom More
Howden Joinery 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 Howden Joinery'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 Howden Joinery Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 7.86 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 2.04 |
Howden Joinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Howden Joinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Howden Joinery's standard deviation. In reality, there are many statistical measures that can use Howden Joinery historical prices to predict the future Howden Joinery's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 1.17 |
Howden Joinery Group Backtested Returns
Howden Joinery Group holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. Howden Joinery Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Howden Joinery's Standard Deviation of 1.37, risk adjusted performance of (0.12), and Market Risk Adjusted Performance of 1.18 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Howden Joinery are expected to decrease at a much lower rate. During the bear market, Howden Joinery is likely to outperform the market. At this point, Howden Joinery Group has a negative expected return of -0.21%. Please make sure to check out Howden Joinery's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Howden Joinery Group performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Howden Joinery Group has very weak reverse predictability. Overlapping area represents the amount of predictability between Howden Joinery time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Howden Joinery Group price movement. The serial correlation of -0.01 indicates that just 1.0% of current Howden Joinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 38.81 |
Howden Joinery Group lagged returns against current returns
Autocorrelation, which is Howden Joinery 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 Howden Joinery's stock expected returns. We can calculate the autocorrelation of Howden Joinery returns to help us make a trade decision. For example, suppose you find that Howden Joinery 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 |
Howden Joinery 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 Howden Joinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Howden Joinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Howden Joinery stock over time.
Current vs Lagged Prices |
| Timeline |
Howden Joinery Lagged Returns
When evaluating Howden Joinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Howden Joinery stock have on its future price. Howden Joinery 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, Howden Joinery autocorrelation shows the relationship between Howden Joinery stock current value and its past values and can show if there is a momentum factor associated with investing in Howden Joinery Group.
Regressed Prices |
| Timeline |
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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 Howden Stock Analysis
When running Howden Joinery's price analysis, check to measure Howden Joinery'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 Howden Joinery is operating at the current time. Most of Howden Joinery's value examination focuses on studying past and present price action to predict the probability of Howden Joinery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Howden Joinery's price. Additionally, you may evaluate how the addition of Howden Joinery to your portfolios can decrease your overall portfolio volatility.