HP INC Market Value
| 40434LAC9 | 92.58 5.56 6.39% |
| Symbol | 40434LAC9 |
40434LAC9 '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 40434LAC9's bond 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 40434LAC9.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in 40434LAC9 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding HP INC or generate 0.0% return on investment in 40434LAC9 over 30 days. 40434LAC9 is related to or competes with 00108WAF7, 90331HPL1, Omega Healthcare, Zoom Video, Granite Construction, Red Cat, and Quantum Computing. More
40434LAC9 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 40434LAC9's bond 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 HP INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 7.56 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 0.6835 |
40434LAC9 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 40434LAC9's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 40434LAC9's standard deviation. In reality, there are many statistical measures that can use 40434LAC9 historical prices to predict the future 40434LAC9's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.89) |
40434LAC9 Backtested Returns
40434LAC9 retains Efficiency (Sharpe Ratio) of -0.0193, which signifies that the bond had a -0.0193% return per unit of price deviation over the last 3 months. 40434LAC9 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 40434LAC9's Coefficient Of Variation of (926.44), market risk adjusted performance of (0.88), and Information Ratio of (0.22) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 40434LAC9's returns are expected to increase less than the market. However, during the bear market, the loss of holding 40434LAC9 is expected to be smaller as well.
Auto-correlation | -0.3 |
Weak reverse predictability
HP INC has weak reverse predictability. Overlapping area represents the amount of predictability between 40434LAC9 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 40434LAC9 price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current 40434LAC9 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.55 |
40434LAC9 lagged returns against current returns
Autocorrelation, which is 40434LAC9 bond'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 40434LAC9's bond expected returns. We can calculate the autocorrelation of 40434LAC9 returns to help us make a trade decision. For example, suppose you find that 40434LAC9 has exhibited high autocorrelation historically, and you observe that the bond 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 |
40434LAC9 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 40434LAC9 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 40434LAC9 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 40434LAC9 bond over time.
Current vs Lagged Prices |
| Timeline |
40434LAC9 Lagged Returns
When evaluating 40434LAC9's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 40434LAC9 bond have on its future price. 40434LAC9 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, 40434LAC9 autocorrelation shows the relationship between 40434LAC9 bond current value and its past values and can show if there is a momentum factor associated with investing in HP INC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 40434LAC9 Bond
40434LAC9 financial ratios help investors to determine whether 40434LAC9 Bond 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 40434LAC9 with respect to the benefits of owning 40434LAC9 security.