Hisense Home (Germany) Market Value
| GKE Stock | EUR 2.97 0.00 0.00% |
| Symbol | Hisense |
Hisense Home '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 Hisense Home'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 Hisense Home.
| 06/29/2024 |
| 12/26/2024 |
If you would invest 0.00 in Hisense Home on June 29, 2024 and sell it all today you would earn a total of 0.00 from holding Hisense Home Appliances or generate 0.0% return on investment in Hisense Home over 180 days. Hisense Home is related to or competes with Fortune Brands, Tempur Sealy, Howden Joinery, and . Hisense Home Appliances Group Co., Ltd. manufactures and sells white household electrical appliances under the Hisense, ... More
Hisense Home 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 Hisense Home'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 Hisense Home Appliances upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.35 | |||
| Information Ratio | 0.0493 | |||
| Maximum Drawdown | 30.73 | |||
| Value At Risk | (5.67) | |||
| Potential Upside | 6.73 |
Hisense Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hisense Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hisense Home's standard deviation. In reality, there are many statistical measures that can use Hisense Home historical prices to predict the future Hisense Home's volatility.| Risk Adjusted Performance | 0.0557 | |||
| Jensen Alpha | 0.2582 | |||
| Total Risk Alpha | 0.0608 | |||
| Sortino Ratio | 0.0501 | |||
| Treynor Ratio | (1.57) |
Hisense Home Appliances Backtested Returns
Hisense Home Appliances holds Efficiency (Sharpe) Ratio of -0.0178, which attests that the entity had a -0.0178% return per unit of risk over the last 3 months. Hisense Home Appliances exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hisense Home's Risk Adjusted Performance of 0.0557, downside deviation of 4.35, and Market Risk Adjusted Performance of (1.56) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hisense Home are expected to decrease at a much lower rate. During the bear market, Hisense Home is likely to outperform the market. At this point, Hisense Home Appliances has a negative expected return of -0.0749%. Please make sure to check out Hisense Home's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Hisense Home Appliances performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Hisense Home Appliances has modest predictability. Overlapping area represents the amount of predictability between Hisense Home time series from 29th of June 2024 to 27th of September 2024 and 27th of September 2024 to 26th of December 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 Hisense Home Appliances price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Hisense Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Hisense Home Appliances lagged returns against current returns
Autocorrelation, which is Hisense Home 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 Hisense Home's stock expected returns. We can calculate the autocorrelation of Hisense Home returns to help us make a trade decision. For example, suppose you find that Hisense Home 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 |
Hisense Home 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 Hisense Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hisense Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hisense Home stock over time.
Current vs Lagged Prices |
| Timeline |
Hisense Home Lagged Returns
When evaluating Hisense Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hisense Home stock have on its future price. Hisense Home 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, Hisense Home autocorrelation shows the relationship between Hisense Home stock current value and its past values and can show if there is a momentum factor associated with investing in Hisense Home Appliances.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hisense Stock
Hisense Home financial ratios help investors to determine whether Hisense 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 Hisense with respect to the benefits of owning Hisense Home security.