HAPPY WORLD (Mauritius) Market Value
| HWP Stock | 9.00 0.60 7.14% |
| Symbol | HAPPY |
HAPPY WORLD '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 HAPPY WORLD'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 HAPPY WORLD.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in HAPPY WORLD on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding HAPPY WORLD PROPERTY or generate 0.0% return on investment in HAPPY WORLD over 30 days.
HAPPY WORLD 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 HAPPY WORLD'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 HAPPY WORLD PROPERTY upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.15 |
HAPPY WORLD Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HAPPY WORLD's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HAPPY WORLD's standard deviation. In reality, there are many statistical measures that can use HAPPY WORLD historical prices to predict the future HAPPY WORLD's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HAPPY WORLD's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
HAPPY WORLD PROPERTY Backtested Returns
HAPPY WORLD PROPERTY holds Efficiency (Sharpe) Ratio of -0.0599, which attests that the company had a -0.0599% return per unit of volatility over the last 3 months. HAPPY WORLD PROPERTY exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HAPPY WORLD's market risk adjusted performance of (0.77), and Coefficient Of Variation of (1,670) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HAPPY WORLD's returns are expected to increase less than the market. However, during the bear market, the loss of holding HAPPY WORLD is expected to be smaller as well. At this point, HAPPY WORLD PROPERTY has a negative expected return of -0.13%. Please make sure to check out HAPPY WORLD's information ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if HAPPY WORLD PROPERTY performance from the past will be repeated in the future.
Auto-correlation | 0.00 |
No correlation between past and present
HAPPY WORLD PROPERTY has no correlation between past and present. Overlapping area represents the amount of predictability between HAPPY WORLD time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 HAPPY WORLD PROPERTY price movement. The serial correlation of 0.0 indicates that just 0.0% of current HAPPY WORLD price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
HAPPY WORLD PROPERTY lagged returns against current returns
Autocorrelation, which is HAPPY WORLD 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 HAPPY WORLD's stock expected returns. We can calculate the autocorrelation of HAPPY WORLD returns to help us make a trade decision. For example, suppose you find that HAPPY WORLD 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 |
HAPPY WORLD 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 HAPPY WORLD stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HAPPY WORLD stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HAPPY WORLD stock over time.
Current vs Lagged Prices |
| Timeline |
HAPPY WORLD Lagged Returns
When evaluating HAPPY WORLD's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HAPPY WORLD stock have on its future price. HAPPY WORLD 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, HAPPY WORLD autocorrelation shows the relationship between HAPPY WORLD stock current value and its past values and can show if there is a momentum factor associated with investing in HAPPY WORLD PROPERTY.
Regressed Prices |
| Timeline |
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