Hydrogen Freehold (Thailand) Market Value
| HYDROGEN | 9.65 0.15 1.58% |
| Symbol | Hydrogen |
Hydrogen Freehold '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 Hydrogen Freehold'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 Hydrogen Freehold.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Hydrogen Freehold on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Hydrogen Freehold Leasehold or generate 0.0% return on investment in Hydrogen Freehold over 180 days. Hydrogen Freehold is related to or competes with LH Shopping, and HEMARAJ INDUSTRIAL. More
Hydrogen Freehold 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 Hydrogen Freehold'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 Hydrogen Freehold Leasehold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.42 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 13.96 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 3.15 |
Hydrogen Freehold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hydrogen Freehold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hydrogen Freehold's standard deviation. In reality, there are many statistical measures that can use Hydrogen Freehold historical prices to predict the future Hydrogen Freehold's volatility.| Risk Adjusted Performance | 0.0437 | |||
| Jensen Alpha | 0.1382 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.23) |
Hydrogen Freehold Backtested Returns
At this point, Hydrogen Freehold is somewhat reliable. Hydrogen Freehold holds Efficiency (Sharpe) Ratio of 0.0419, which attests that the entity had a 0.0419% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hydrogen Freehold, which you can use to evaluate the volatility of the firm. Please check out Hydrogen Freehold's Risk Adjusted Performance of 0.0437, market risk adjusted performance of (0.22), and Downside Deviation of 3.42 to validate if the risk estimate we provide is consistent with the expected return of 0.0864%. Hydrogen Freehold has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hydrogen Freehold are expected to decrease at a much lower rate. During the bear market, Hydrogen Freehold is likely to outperform the market. Hydrogen Freehold right now retains a risk of 2.06%. Please check out Hydrogen Freehold value at risk, and the relationship between the jensen alpha and skewness , to decide if Hydrogen Freehold will be following its current trending patterns.
Auto-correlation | 0.33 |
Below average predictability
Hydrogen Freehold Leasehold has below average predictability. Overlapping area represents the amount of predictability between Hydrogen Freehold time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 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 Hydrogen Freehold price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Hydrogen Freehold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Hydrogen Freehold lagged returns against current returns
Autocorrelation, which is Hydrogen Freehold 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 Hydrogen Freehold's stock expected returns. We can calculate the autocorrelation of Hydrogen Freehold returns to help us make a trade decision. For example, suppose you find that Hydrogen Freehold 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 |
Hydrogen Freehold 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 Hydrogen Freehold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hydrogen Freehold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hydrogen Freehold stock over time.
Current vs Lagged Prices |
| Timeline |
Hydrogen Freehold Lagged Returns
When evaluating Hydrogen Freehold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hydrogen Freehold stock have on its future price. Hydrogen Freehold 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, Hydrogen Freehold autocorrelation shows the relationship between Hydrogen Freehold stock current value and its past values and can show if there is a momentum factor associated with investing in Hydrogen Freehold Leasehold.
Regressed Prices |
| Timeline |
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Hydrogen Freehold financial ratios help investors to determine whether Hydrogen 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 Hydrogen with respect to the benefits of owning Hydrogen Freehold security.