Hydrogen Engine Center Stock Market Value
| HYEG Stock | USD 0.01 0.0005 8.33% |
| Symbol | Hydrogen |
Hydrogen Engine '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 Engine's pink sheet 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 Engine.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Hydrogen Engine on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Hydrogen Engine Center or generate 0.0% return on investment in Hydrogen Engine over 510 days. Hydrogen Engine is related to or competes with AFC Energy. Hydrogen Engine Center, Inc., an alternative energy company, manufactures and installs power generation systems and engi... More
Hydrogen Engine 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 Engine's pink sheet 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 Engine Center upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1441 | |||
| Maximum Drawdown | 1355.52 | |||
| Potential Upside | 81.82 |
Hydrogen Engine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hydrogen Engine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hydrogen Engine's standard deviation. In reality, there are many statistical measures that can use Hydrogen Engine historical prices to predict the future Hydrogen Engine's volatility.| Risk Adjusted Performance | 0.1207 | |||
| Jensen Alpha | 24.14 | |||
| Total Risk Alpha | (1.63) | |||
| Treynor Ratio | (1.99) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hydrogen Engine'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.
Hydrogen Engine Center Backtested Returns
Hydrogen Engine is out of control given 3 months investment horizon. Hydrogen Engine Center holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty different technical indicators, which can help you to evaluate if expected returns of 18.25% are justified by taking the suggested risk. Use Hydrogen Engine Center Market Risk Adjusted Performance of (1.98), standard deviation of 157.3, and Risk Adjusted Performance of 0.1207 to evaluate company specific risk that cannot be diversified away. Hydrogen Engine holds a performance score of 11 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -11.47, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Hydrogen Engine are expected to decrease by larger amounts. On the other hand, during market turmoil, Hydrogen Engine is expected to outperform it. Use Hydrogen Engine Center information ratio, as well as the relationship between the skewness and day median price , to analyze future returns on Hydrogen Engine Center.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Hydrogen Engine Center has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hydrogen Engine time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Hydrogen Engine Center price movement. The serial correlation of -0.17 indicates that over 17.0% of current Hydrogen Engine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hydrogen Engine Center lagged returns against current returns
Autocorrelation, which is Hydrogen Engine pink sheet'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 Engine's pink sheet expected returns. We can calculate the autocorrelation of Hydrogen Engine returns to help us make a trade decision. For example, suppose you find that Hydrogen Engine has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Engine 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 Engine pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hydrogen Engine pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hydrogen Engine pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hydrogen Engine Lagged Returns
When evaluating Hydrogen Engine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hydrogen Engine pink sheet have on its future price. Hydrogen Engine 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 Engine autocorrelation shows the relationship between Hydrogen Engine pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hydrogen Engine Center.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hydrogen Pink Sheet
Hydrogen Engine financial ratios help investors to determine whether Hydrogen Pink Sheet 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 Engine security.