H1ES34 (Brazil) Market Value
| H1ES34 Stock | BRL 379.24 1.06 0.28% |
| Symbol | H1ES34 |
H1ES34 '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 H1ES34'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 H1ES34.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in H1ES34 on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding H1ES34 or generate 0.0% return on investment in H1ES34 over 30 days. H1ES34 is related to or competes with ConocoPhillips, EOG Resources, Occidental Petroleum, Devon Energy, APA, and Petro Rio. Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells ... More
H1ES34 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 H1ES34'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 H1ES34 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.81) | |||
| Maximum Drawdown | 0.2803 |
H1ES34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for H1ES34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as H1ES34's standard deviation. In reality, there are many statistical measures that can use H1ES34 historical prices to predict the future H1ES34's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 3.6 |
H1ES34 Backtested Returns
At this point, H1ES34 is very steady. H1ES34 holds Efficiency (Sharpe) Ratio of 0.13, which attests that the company had a 0.13% return per unit of return volatility over the last 3 months. We have found nineteen technical indicators for H1ES34, which you can use to evaluate the volatility of the entity. Please check out H1ES34's standard deviation of 0.0345, and Coefficient Of Variation of 812.4 to validate if the risk estimate we provide is consistent with the expected return of 0.0044%. H1ES34 has a performance score of 9 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of -0.0016, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning H1ES34 are expected to decrease at a much lower rate. During the bear market, H1ES34 is likely to outperform the market. H1ES34 today retains a risk of 0.035%. Please check out H1ES34 variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if H1ES34 will be following its current trending patterns.
Auto-correlation | 0.00 |
No correlation between past and present
H1ES34 has no correlation between past and present. Overlapping area represents the amount of predictability between H1ES34 time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 H1ES34 price movement. The serial correlation of 0.0 indicates that just 0.0% of current H1ES34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
H1ES34 lagged returns against current returns
Autocorrelation, which is H1ES34 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 H1ES34's stock expected returns. We can calculate the autocorrelation of H1ES34 returns to help us make a trade decision. For example, suppose you find that H1ES34 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 |
H1ES34 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 H1ES34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if H1ES34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in H1ES34 stock over time.
Current vs Lagged Prices |
| Timeline |
H1ES34 Lagged Returns
When evaluating H1ES34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of H1ES34 stock have on its future price. H1ES34 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, H1ES34 autocorrelation shows the relationship between H1ES34 stock current value and its past values and can show if there is a momentum factor associated with investing in H1ES34.
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 H1ES34 Stock
H1ES34 financial ratios help investors to determine whether H1ES34 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 H1ES34 with respect to the benefits of owning H1ES34 security.