Herman Miller (Germany) Market Value
| MHR Stock | EUR 23.80 0.01 0.04% |
| Symbol | Herman |
Herman Miller '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 Herman Miller'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 Herman Miller.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Herman Miller on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding Herman Miller or generate 0.0% return on investment in Herman Miller over 210 days. Herman Miller is related to or competes with Meiko Electronics, Zijin Mining, LION ONE, ADRIATIC METALS, and Richardson Electronics. Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating ... More
Herman Miller 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 Herman Miller'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 Herman Miller upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 14.42 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 3.62 |
Herman Miller Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Herman Miller's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Herman Miller's standard deviation. In reality, there are many statistical measures that can use Herman Miller historical prices to predict the future Herman Miller's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.09) |
Herman Miller Backtested Returns
Herman Miller holds Efficiency (Sharpe) Ratio of -0.0505, which attests that the entity had a -0.0505% return per unit of risk over the last 3 months. Herman Miller exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Herman Miller's Standard Deviation of 2.5, market risk adjusted performance of (0.08), and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.19, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Herman Miller will likely underperform. At this point, Herman Miller has a negative expected return of -0.13%. Please make sure to check out Herman Miller's treynor ratio, daily balance of power, price action indicator, as well as the relationship between the skewness and day median price , to decide if Herman Miller performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Herman Miller has very weak reverse predictability. Overlapping area represents the amount of predictability between Herman Miller time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Herman Miller price movement. The serial correlation of -0.01 indicates that just 1.0% of current Herman Miller price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 2.71 |
Herman Miller lagged returns against current returns
Autocorrelation, which is Herman Miller 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 Herman Miller's stock expected returns. We can calculate the autocorrelation of Herman Miller returns to help us make a trade decision. For example, suppose you find that Herman Miller 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 |
Herman Miller 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 Herman Miller stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Herman Miller stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Herman Miller stock over time.
Current vs Lagged Prices |
| Timeline |
Herman Miller Lagged Returns
When evaluating Herman Miller's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Herman Miller stock have on its future price. Herman Miller 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, Herman Miller autocorrelation shows the relationship between Herman Miller stock current value and its past values and can show if there is a momentum factor associated with investing in Herman Miller.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Herman Stock
Herman Miller financial ratios help investors to determine whether Herman 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 Herman with respect to the benefits of owning Herman Miller security.