Hexcel (Germany) Market Value
| HXL Stock | EUR 59.50 0.50 0.85% |
| Symbol | Hexcel |
Hexcel '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 Hexcel'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 Hexcel.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Hexcel on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Hexcel or generate 0.0% return on investment in Hexcel over 90 days. Hexcel is related to or competes with REINET INVESTMENTS, AVITA Medical, SCANDMEDICAL SOLDK-040, Virtus Investment, Apollo Investment, and Strategic Investments. Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in ... More
Hexcel 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 Hexcel'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 Hexcel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.14 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.33 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.65 |
Hexcel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hexcel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hexcel's standard deviation. In reality, there are many statistical measures that can use Hexcel historical prices to predict the future Hexcel's volatility.| Risk Adjusted Performance | 0.0485 | |||
| Jensen Alpha | 0.0694 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.6143 |
Hexcel Backtested Returns
At this point, Hexcel is very steady. Hexcel holds Efficiency (Sharpe) Ratio of 0.0484, which attests that the entity had a 0.0484% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hexcel, which you can use to evaluate the volatility of the firm. Please check out Hexcel's Market Risk Adjusted Performance of 0.6243, risk adjusted performance of 0.0485, and Downside Deviation of 2.14 to validate if the risk estimate we provide is consistent with the expected return of 0.0842%. Hexcel has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hexcel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hexcel is expected to be smaller as well. Hexcel right now retains a risk of 1.74%. Please check out Hexcel semi variance, daily balance of power, and the relationship between the potential upside and skewness , to decide if Hexcel will be following its current trending patterns.
Auto-correlation | 0.13 |
Insignificant predictability
Hexcel has insignificant predictability. Overlapping area represents the amount of predictability between Hexcel time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 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 Hexcel price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Hexcel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 2.9 |
Hexcel lagged returns against current returns
Autocorrelation, which is Hexcel 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 Hexcel's stock expected returns. We can calculate the autocorrelation of Hexcel returns to help us make a trade decision. For example, suppose you find that Hexcel 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 |
Hexcel 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 Hexcel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hexcel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hexcel stock over time.
Current vs Lagged Prices |
| Timeline |
Hexcel Lagged Returns
When evaluating Hexcel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hexcel stock have on its future price. Hexcel 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, Hexcel autocorrelation shows the relationship between Hexcel stock current value and its past values and can show if there is a momentum factor associated with investing in Hexcel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Hexcel Stock
When determining whether Hexcel is a strong investment it is important to analyze Hexcel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hexcel's future performance. For an informed investment choice regarding Hexcel Stock, refer to the following important reports:Check out Hexcel Correlation, Hexcel Volatility and Hexcel Alpha and Beta module to complement your research on Hexcel. For more detail on how to invest in Hexcel Stock please use our How to Invest in Hexcel guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Hexcel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.