Howmet Aerospace (Brazil) Market Value
| ARNC34 Stock | BRL 703.12 11.05 1.60% |
| Symbol | Howmet |
Howmet Aerospace '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 Howmet Aerospace'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 Howmet Aerospace.
| 01/22/2023 |
| 01/11/2025 |
If you would invest 0.00 in Howmet Aerospace on January 22, 2023 and sell it all today you would earn a total of 0.00 from holding Howmet Aerospace or generate 0.0% return on investment in Howmet Aerospace over 720 days. Howmet Aerospace is related to or competes with Eaton Plc, AMETEK,, Aeris Indstria, and Inepar SA. Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the Unit... More
Howmet Aerospace 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 Howmet Aerospace'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 Howmet Aerospace upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.2008 | |||
| Maximum Drawdown | 12.4 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 3.11 |
Howmet Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Howmet Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Howmet Aerospace's standard deviation. In reality, there are many statistical measures that can use Howmet Aerospace historical prices to predict the future Howmet Aerospace's volatility.| Risk Adjusted Performance | 0.17 | |||
| Jensen Alpha | 0.3701 | |||
| Total Risk Alpha | 0.398 | |||
| Sortino Ratio | 0.2089 | |||
| Treynor Ratio | (9.63) |
Howmet Aerospace Backtested Returns
Howmet Aerospace appears to be very steady, given 3 months investment horizon. Howmet Aerospace holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Howmet Aerospace, which you can use to evaluate the volatility of the firm. Please utilize Howmet Aerospace's Risk Adjusted Performance of 0.17, downside deviation of 1.83, and Market Risk Adjusted Performance of (9.62) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Howmet Aerospace holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.0385, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Howmet Aerospace are expected to decrease at a much lower rate. During the bear market, Howmet Aerospace is likely to outperform the market. Please check Howmet Aerospace's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Howmet Aerospace's current trending patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Howmet Aerospace has good predictability. Overlapping area represents the amount of predictability between Howmet Aerospace time series from 22nd of January 2023 to 17th of January 2024 and 17th of January 2024 to 11th of January 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 Howmet Aerospace price movement. The serial correlation of 0.77 indicates that around 77.0% of current Howmet Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 18.8 K |
Howmet Aerospace lagged returns against current returns
Autocorrelation, which is Howmet Aerospace 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 Howmet Aerospace's stock expected returns. We can calculate the autocorrelation of Howmet Aerospace returns to help us make a trade decision. For example, suppose you find that Howmet Aerospace 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 |
Howmet Aerospace 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 Howmet Aerospace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Howmet Aerospace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Howmet Aerospace stock over time.
Current vs Lagged Prices |
| Timeline |
Howmet Aerospace Lagged Returns
When evaluating Howmet Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Howmet Aerospace stock have on its future price. Howmet Aerospace 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, Howmet Aerospace autocorrelation shows the relationship between Howmet Aerospace stock current value and its past values and can show if there is a momentum factor associated with investing in Howmet Aerospace.
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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Additional Information and Resources on Investing in Howmet Stock
When determining whether Howmet Aerospace is a strong investment it is important to analyze Howmet Aerospace's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Howmet Aerospace's future performance. For an informed investment choice regarding Howmet Stock, refer to the following important reports:Check out Howmet Aerospace Correlation, Howmet Aerospace Volatility and Howmet Aerospace Alpha and Beta module to complement your research on Howmet Aerospace. For information on how to trade Howmet Stock refer to our How to Trade Howmet Stock guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Howmet Aerospace technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.