HydrogenPro (Norway) Market Value
| HYPRO Stock | NOK 4.37 0.23 5.00% |
| Symbol | HydrogenPro |
HydrogenPro '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 HydrogenPro'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 HydrogenPro.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in HydrogenPro on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding HydrogenPro AS or generate 0.0% return on investment in HydrogenPro over 30 days. HydrogenPro is related to or competes with Teco 2030, Elkem ASA, Integrated Wind, Vow ASA, North Energy, Axactor SE, and Arcticzymes Technologies. HydrogenPro AS designs and supplies customized hydrogen plants for industrial clients More
HydrogenPro 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 HydrogenPro'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 HydrogenPro AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 25.44 | |||
| Value At Risk | (9.37) | |||
| Potential Upside | 6.92 |
HydrogenPro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HydrogenPro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HydrogenPro's standard deviation. In reality, there are many statistical measures that can use HydrogenPro historical prices to predict the future HydrogenPro's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (1.09) | |||
| Total Risk Alpha | (1.86) | |||
| Treynor Ratio | 4.38 |
HydrogenPro AS Backtested Returns
HydrogenPro AS holds Efficiency (Sharpe) Ratio of -0.25, which attests that the entity had a -0.25% return per unit of risk over the last 3 months. HydrogenPro AS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HydrogenPro's Risk Adjusted Performance of (0.18), standard deviation of 4.43, and Market Risk Adjusted Performance of 4.39 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HydrogenPro are expected to decrease at a much lower rate. During the bear market, HydrogenPro is likely to outperform the market. At this point, HydrogenPro AS has a negative expected return of -1.1%. Please make sure to check out HydrogenPro's maximum drawdown, as well as the relationship between the daily balance of power and period momentum indicator , to decide if HydrogenPro AS performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
HydrogenPro AS has below average predictability. Overlapping area represents the amount of predictability between HydrogenPro time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 HydrogenPro AS price movement. The serial correlation of 0.39 indicates that just about 39.0% of current HydrogenPro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
HydrogenPro AS lagged returns against current returns
Autocorrelation, which is HydrogenPro 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 HydrogenPro's stock expected returns. We can calculate the autocorrelation of HydrogenPro returns to help us make a trade decision. For example, suppose you find that HydrogenPro 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 |
HydrogenPro 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 HydrogenPro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HydrogenPro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HydrogenPro stock over time.
Current vs Lagged Prices |
| Timeline |
HydrogenPro Lagged Returns
When evaluating HydrogenPro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HydrogenPro stock have on its future price. HydrogenPro 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, HydrogenPro autocorrelation shows the relationship between HydrogenPro stock current value and its past values and can show if there is a momentum factor associated with investing in HydrogenPro AS.
Regressed Prices |
| Timeline |
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HydrogenPro financial ratios help investors to determine whether HydrogenPro 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 HydrogenPro with respect to the benefits of owning HydrogenPro security.