Hynion AS (Norway) Market Value
| HYN Stock | NOK 0.18 0.01 5.26% |
| Symbol | Hynion |
Hynion AS '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 Hynion AS'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 Hynion AS.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Hynion AS on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Hynion AS or generate 0.0% return on investment in Hynion AS over 30 days. Hynion AS is related to or competes with Europris ASA, DnB ASA, Storebrand ASA, Telenor ASA, and Gjensidige Forsikring. Hynion AS, through its subsidiary, Hynion Sverige AB, operates as a hydrogen fuel company in Norway and Sweden More
Hynion AS 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 Hynion AS'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 Hynion AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 25.0 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 6.45 |
Hynion AS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hynion AS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hynion AS's standard deviation. In reality, there are many statistical measures that can use Hynion AS historical prices to predict the future Hynion AS's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.77) | |||
| Total Risk Alpha | (1.34) | |||
| Treynor Ratio | (0.86) |
Hynion AS Backtested Returns
Hynion AS holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Hynion AS exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hynion AS's Market Risk Adjusted Performance of (0.85), risk adjusted performance of (0.1), and Standard Deviation of 4.6 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hynion AS's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hynion AS is expected to be smaller as well. At this point, Hynion AS has a negative expected return of -0.59%. Please make sure to check out Hynion AS's treynor ratio and the relationship between the skewness and day typical price , to decide if Hynion AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.73 |
Good predictability
Hynion AS has good predictability. Overlapping area represents the amount of predictability between Hynion AS time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Hynion AS price movement. The serial correlation of 0.73 indicates that around 73.0% of current Hynion AS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hynion AS lagged returns against current returns
Autocorrelation, which is Hynion AS 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 Hynion AS's stock expected returns. We can calculate the autocorrelation of Hynion AS returns to help us make a trade decision. For example, suppose you find that Hynion AS 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 |
Hynion AS 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 Hynion AS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hynion AS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hynion AS stock over time.
Current vs Lagged Prices |
| Timeline |
Hynion AS Lagged Returns
When evaluating Hynion AS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hynion AS stock have on its future price. Hynion AS 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, Hynion AS autocorrelation shows the relationship between Hynion AS stock current value and its past values and can show if there is a momentum factor associated with investing in Hynion AS.
Regressed Prices |
| Timeline |
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Hynion AS financial ratios help investors to determine whether Hynion 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 Hynion with respect to the benefits of owning Hynion AS security.