HERSHEY 72 percent Market Value
| 427866AL2 | 111.25 0.00 0.00% |
| Symbol | HERSHEY |
HERSHEY '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 HERSHEY'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 HERSHEY.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in HERSHEY on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding HERSHEY 72 percent or generate 0.0% return on investment in HERSHEY over 540 days. HERSHEY is related to or competes with Anheuser Busch, RLX Technology, Westinghouse Air, Willamette Valley, Porvair Plc, Turning Point, and Compania Cervecerias. More
HERSHEY 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 HERSHEY'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 HERSHEY 72 percent upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7426 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.47 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 0.956 |
HERSHEY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HERSHEY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HERSHEY's standard deviation. In reality, there are many statistical measures that can use HERSHEY historical prices to predict the future HERSHEY's volatility.| Risk Adjusted Performance | 0.0466 | |||
| Jensen Alpha | 0.031 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.5232 |
HERSHEY 72 percent Backtested Returns
At this point, HERSHEY is very steady. HERSHEY 72 percent holds Efficiency (Sharpe) Ratio of 0.0423, which attests that the entity had a 0.0423% return per unit of volatility over the last 3 months. We have found twenty-four technical indicators for HERSHEY 72 percent, which you can use to evaluate the volatility of the entity. Please check out HERSHEY's market risk adjusted performance of 0.5332, and Risk Adjusted Performance of 0.0466 to validate if the risk estimate we provide is consistent with the expected return of 0.0575%. The bond retains a Market Volatility (i.e., Beta) of 0.0759, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HERSHEY's returns are expected to increase less than the market. However, during the bear market, the loss of holding HERSHEY is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
HERSHEY 72 percent has very weak reverse predictability. Overlapping area represents the amount of predictability between HERSHEY time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 HERSHEY 72 percent price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current HERSHEY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
HERSHEY 72 percent lagged returns against current returns
Autocorrelation, which is HERSHEY 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 HERSHEY's bond expected returns. We can calculate the autocorrelation of HERSHEY returns to help us make a trade decision. For example, suppose you find that HERSHEY 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 |
HERSHEY 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 HERSHEY bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HERSHEY bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HERSHEY bond over time.
Current vs Lagged Prices |
| Timeline |
HERSHEY Lagged Returns
When evaluating HERSHEY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HERSHEY bond have on its future price. HERSHEY 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, HERSHEY autocorrelation shows the relationship between HERSHEY bond current value and its past values and can show if there is a momentum factor associated with investing in HERSHEY 72 percent.
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 HERSHEY Bond
HERSHEY financial ratios help investors to determine whether HERSHEY 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 HERSHEY with respect to the benefits of owning HERSHEY security.