HEWLETT PACKARD ENTERPRISE Market Value
| 42824CBK4 | 95.17 0.85 0.89% |
| Symbol | HEWLETT |
HEWLETT '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 HEWLETT'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 HEWLETT.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in HEWLETT on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding HEWLETT PACKARD ENTERPRISE or generate 0.0% return on investment in HEWLETT over 30 days. HEWLETT is related to or competes with Commonwealth Bank, Chiba Bank, Pintec Technology, AmTrust Financial, Summa Silver, and Arrow Financial. More
HEWLETT 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 HEWLETT'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 HEWLETT PACKARD ENTERPRISE upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 6.21 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.419 |
HEWLETT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEWLETT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEWLETT's standard deviation. In reality, there are many statistical measures that can use HEWLETT historical prices to predict the future HEWLETT's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | 0.2871 |
HEWLETT PACKARD ENTE Backtested Returns
HEWLETT PACKARD ENTE holds Efficiency (Sharpe) Ratio of -0.0538, which attests that the entity had a -0.0538% return per unit of volatility over the last 3 months. HEWLETT PACKARD ENTE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HEWLETT's market risk adjusted performance of 0.2971, and Risk Adjusted Performance of (0) to validate the risk estimate we provide. The bond retains a Market Volatility (i.e., Beta) of -0.0495, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HEWLETT are expected to decrease at a much lower rate. During the bear market, HEWLETT is likely to outperform the market.
Auto-correlation | -0.39 |
Poor reverse predictability
HEWLETT PACKARD ENTERPRISE has poor reverse predictability. Overlapping area represents the amount of predictability between HEWLETT time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 HEWLETT PACKARD ENTE price movement. The serial correlation of -0.39 indicates that just about 39.0% of current HEWLETT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
HEWLETT PACKARD ENTE lagged returns against current returns
Autocorrelation, which is HEWLETT 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 HEWLETT's bond expected returns. We can calculate the autocorrelation of HEWLETT returns to help us make a trade decision. For example, suppose you find that HEWLETT 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 |
HEWLETT 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 HEWLETT bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEWLETT bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEWLETT bond over time.
Current vs Lagged Prices |
| Timeline |
HEWLETT Lagged Returns
When evaluating HEWLETT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEWLETT bond have on its future price. HEWLETT 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, HEWLETT autocorrelation shows the relationship between HEWLETT bond current value and its past values and can show if there is a momentum factor associated with investing in HEWLETT PACKARD ENTERPRISE.
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 HEWLETT Bond
HEWLETT financial ratios help investors to determine whether HEWLETT 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 HEWLETT with respect to the benefits of owning HEWLETT security.