HARDWARIO (Czech Republic) Market Value
| HWIO Stock | 10.40 0.10 0.95% |
| Symbol | HARDWARIO |
HARDWARIO '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 HARDWARIO'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 HARDWARIO.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in HARDWARIO on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding HARDWARIO as or generate 0.0% return on investment in HARDWARIO over 30 days. HARDWARIO is related to or competes with UNIQA Insurance, Vienna Insurance, Moneta Money, and Komercni Banka. More
HARDWARIO 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 HARDWARIO'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 HARDWARIO as upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.96 | |||
| Information Ratio | 0.0058 | |||
| Maximum Drawdown | 16.08 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 6.38 |
HARDWARIO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HARDWARIO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HARDWARIO's standard deviation. In reality, there are many statistical measures that can use HARDWARIO historical prices to predict the future HARDWARIO's volatility.| Risk Adjusted Performance | 0.0372 | |||
| Jensen Alpha | 5.0E-4 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | 0.1191 |
HARDWARIO as Backtested Returns
HARDWARIO appears to be slightly risky, given 3 months investment horizon. HARDWARIO as holds Efficiency (Sharpe) Ratio of 0.0601, which attests that the company had a 0.0601% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for HARDWARIO as, which you can use to evaluate the volatility of the entity. Please utilize HARDWARIO's market risk adjusted performance of 0.1291, and Semi Deviation of 3.31 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HARDWARIO holds a performance score of 4. The firm retains a Market Volatility (i.e., Beta) of 1.19, 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, HARDWARIO will likely underperform. Please check HARDWARIO's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether HARDWARIO's current trending patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
HARDWARIO as has very weak predictability. Overlapping area represents the amount of predictability between HARDWARIO time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 HARDWARIO as price movement. The serial correlation of 0.19 indicates that over 19.0% of current HARDWARIO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
HARDWARIO as lagged returns against current returns
Autocorrelation, which is HARDWARIO 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 HARDWARIO's stock expected returns. We can calculate the autocorrelation of HARDWARIO returns to help us make a trade decision. For example, suppose you find that HARDWARIO 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 |
HARDWARIO 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 HARDWARIO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HARDWARIO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HARDWARIO stock over time.
Current vs Lagged Prices |
| Timeline |
HARDWARIO Lagged Returns
When evaluating HARDWARIO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HARDWARIO stock have on its future price. HARDWARIO 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, HARDWARIO autocorrelation shows the relationship between HARDWARIO stock current value and its past values and can show if there is a momentum factor associated with investing in HARDWARIO as.
Regressed Prices |
| Timeline |
Pair Trading with HARDWARIO
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if HARDWARIO position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in HARDWARIO will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to HARDWARIO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HARDWARIO when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back HARDWARIO - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling HARDWARIO as to buy it.
The correlation of HARDWARIO is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HARDWARIO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HARDWARIO as moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for HARDWARIO can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for HARDWARIO Stock Analysis
When running HARDWARIO's price analysis, check to measure HARDWARIO'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 HARDWARIO is operating at the current time. Most of HARDWARIO's value examination focuses on studying past and present price action to predict the probability of HARDWARIO's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HARDWARIO's price. Additionally, you may evaluate how the addition of HARDWARIO to your portfolios can decrease your overall portfolio volatility.