HERSHEY 32 percent Market Value
| 427866AU2 | 96.53 2.42 2.45% |
| 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 32 percent or generate 0.0% return on investment in HERSHEY over 540 days. HERSHEY is related to or competes with 00108WAF7, 90331HPL1, Bank of America, GE Aerospace, Dupont De, International Business, and McDonalds. The Hershey Company is a producer of chocolate in North America and sugar confectionery products 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 32 percent upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.7 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.3569 |
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 | (0.08) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 8.75 |
HERSHEY 32 percent Backtested Returns
HERSHEY 32 percent holds Efficiency (Sharpe) Ratio of -0.043, which attests that the entity had a -0.043% return per unit of volatility over the last 3 months. HERSHEY 32 percent exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HERSHEY's market risk adjusted performance of 8.76, and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of -0.0038, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HERSHEY are expected to decrease at a much lower rate. During the bear market, HERSHEY is likely to outperform the market.
Auto-correlation | 0.79 |
Good predictability
HERSHEY 32 percent has good 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 32 percent price movement. The serial correlation of 0.79 indicates that around 79.0% of current HERSHEY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
HERSHEY 32 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 32 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.