HF FOODS (Germany) Market Value
| 3GX Stock | EUR 1.56 0.44 22.00% |
| Symbol | 3GX |
HF FOODS '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 HF FOODS'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 HF FOODS.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in HF FOODS on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding HF FOODS GRP or generate 0.0% return on investment in HF FOODS over 90 days. HF FOODS is related to or competes with BORR DRILLING, Television Broadcasts, GOLD ROAD, Nishi-Nippon Railroad, Carsales, and Kaufman Broad. HF Foods Group Inc., through its subsidiaries, operates as a food service distributor to Asian restaurants located in th... More
HF FOODS 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 HF FOODS'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 HF FOODS GRP upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.39) | |||
| Maximum Drawdown | 15.85 | |||
| Value At Risk | (5.19) | |||
| Potential Upside | 3.31 |
HF FOODS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HF FOODS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HF FOODS's standard deviation. In reality, there are many statistical measures that can use HF FOODS historical prices to predict the future HF FOODS's volatility.| Risk Adjusted Performance | (0.36) | |||
| Jensen Alpha | (1.16) | |||
| Total Risk Alpha | (0.85) | |||
| Treynor Ratio | (3.35) |
HF FOODS GRP Backtested Returns
HF FOODS GRP retains Efficiency (Sharpe Ratio) of -0.22, which attests that the entity had a -0.22 % return per unit of price deviation over the last 3 months. HF FOODS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HF FOODS's Market Risk Adjusted Performance of (3.34), coefficient of variation of (234.38), and Information Ratio of (0.39) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HF FOODS's returns are expected to increase less than the market. However, during the bear market, the loss of holding HF FOODS is expected to be smaller as well. At this point, HF FOODS GRP has a negative expected return of -1.19%. Please make sure to check out HF FOODS's total risk alpha, potential upside, and the relationship between the standard deviation and maximum drawdown , to decide if HF FOODS GRP performance from the past will be repeated sooner or later.
Auto-correlation | 0.91 |
Excellent predictability
HF FOODS GRP has excellent predictability. Overlapping area represents the amount of predictability between HF FOODS time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HF FOODS GRP price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current HF FOODS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
HF FOODS GRP lagged returns against current returns
Autocorrelation, which is HF FOODS 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 HF FOODS's stock expected returns. We can calculate the autocorrelation of HF FOODS returns to help us make a trade decision. For example, suppose you find that HF FOODS 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 |
HF FOODS 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 HF FOODS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HF FOODS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HF FOODS stock over time.
Current vs Lagged Prices |
| Timeline |
HF FOODS Lagged Returns
When evaluating HF FOODS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HF FOODS stock have on its future price. HF FOODS 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, HF FOODS autocorrelation shows the relationship between HF FOODS stock current value and its past values and can show if there is a momentum factor associated with investing in HF FOODS GRP.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 3GX Stock
HF FOODS financial ratios help investors to determine whether 3GX 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 3GX with respect to the benefits of owning HF FOODS security.