Hewlett Packard (Brazil) Market Value
| H1PE34 Stock | BRL 135.38 0.00 0.00% |
| Symbol | Hewlett |
Hewlett Packard '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 Packard'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 Hewlett Packard.
| 12/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Hewlett Packard on December 5, 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 Packard over 30 days. Hewlett Packard is related to or competes with Bio Techne, METISA Metalrgica, DXC Technology, Take Two, Unity Software, and MAHLE Metal. Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamle... More
Hewlett Packard 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 Packard'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 Hewlett Packard Enterprise upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | 0.1505 | |||
| Maximum Drawdown | 17.96 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 5.29 |
Hewlett Packard Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hewlett Packard's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hewlett Packard's standard deviation. In reality, there are many statistical measures that can use Hewlett Packard historical prices to predict the future Hewlett Packard's volatility.| Risk Adjusted Performance | 0.1359 | |||
| Jensen Alpha | 0.4087 | |||
| Total Risk Alpha | 0.3668 | |||
| Sortino Ratio | 0.1672 | |||
| Treynor Ratio | (2.44) |
Hewlett Packard Ente Backtested Returns
Hewlett Packard appears to be very steady, given 3 months investment horizon. Hewlett Packard Ente holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Hewlett Packard Ente, which you can use to evaluate the volatility of the firm. Please utilize Hewlett Packard's Market Risk Adjusted Performance of (2.43), risk adjusted performance of 0.1359, and Downside Deviation of 2.36 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hewlett Packard holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hewlett Packard are expected to decrease at a much lower rate. During the bear market, Hewlett Packard is likely to outperform the market. Please check Hewlett Packard's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Hewlett Packard's current trending patterns will revert.
Auto-correlation | -0.6 |
Good reverse predictability
Hewlett Packard Enterprise has good reverse predictability. Overlapping area represents the amount of predictability between Hewlett Packard time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 Hewlett Packard Ente price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Hewlett Packard price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Hewlett Packard Ente lagged returns against current returns
Autocorrelation, which is Hewlett Packard 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 Hewlett Packard's stock expected returns. We can calculate the autocorrelation of Hewlett Packard returns to help us make a trade decision. For example, suppose you find that Hewlett Packard 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 |
Hewlett Packard 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 Packard stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hewlett Packard stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hewlett Packard stock over time.
Current vs Lagged Prices |
| Timeline |
Hewlett Packard Lagged Returns
When evaluating Hewlett Packard's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hewlett Packard stock have on its future price. Hewlett Packard 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 Packard autocorrelation shows the relationship between Hewlett Packard stock 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 |
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Additional Information and Resources on Investing in Hewlett Stock
When determining whether Hewlett Packard Ente is a strong investment it is important to analyze Hewlett Packard'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 Hewlett Packard's future performance. For an informed investment choice regarding Hewlett Stock, refer to the following important reports:Check out Hewlett Packard Correlation, Hewlett Packard Volatility and Hewlett Packard Alpha and Beta module to complement your research on Hewlett Packard. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Hewlett Packard 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.