Halitron Stock Market Value
Halitron's market value is the price at which a share of Halitron trades on a public exchange. It measures the collective expectations of Halitron investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Halitron and determine expected loss or profit from investing in Halitron over a given investment horizon. Check out Halitron Correlation, Halitron Volatility and Halitron Alpha and Beta module to complement your research on Halitron.
| Symbol | Halitron |
Halitron '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 Halitron's pink sheet 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 Halitron.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Halitron on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Halitron or generate 0.0% return on investment in Halitron over 420 days. Halitron is related to or competes with Magic Empire, Zhong Yang, Armada Mercantile, and ABS CBN. Halitron, Inc., an equity holding company, focuses on acquiring sales, marketing, and manufacturing businesses and rolls... More
Halitron 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 Halitron's pink sheet 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 Halitron upside and downside potential and time the market with a certain degree of confidence.
Halitron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Halitron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Halitron's standard deviation. In reality, there are many statistical measures that can use Halitron historical prices to predict the future Halitron's volatility.Halitron Backtested Returns
Halitron holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Halitron exposes zero different technical indicators, which can help you to evaluate volatility embedded in its price movement. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and Halitron are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Halitron has no correlation between past and present. Overlapping area represents the amount of predictability between Halitron time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd 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 Halitron price movement. The serial correlation of 0.0 indicates that just 0.0% of current Halitron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Halitron lagged returns against current returns
Autocorrelation, which is Halitron pink sheet'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 Halitron's pink sheet expected returns. We can calculate the autocorrelation of Halitron returns to help us make a trade decision. For example, suppose you find that Halitron has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Halitron 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 Halitron pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Halitron pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Halitron pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Halitron Lagged Returns
When evaluating Halitron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Halitron pink sheet have on its future price. Halitron 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, Halitron autocorrelation shows the relationship between Halitron pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Halitron.
Regressed Prices |
| Timeline |
Pair Trading with Halitron
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Halitron position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Halitron will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Halitron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Halitron when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Halitron - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Halitron to buy it.
The correlation of Halitron is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Halitron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Halitron moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Halitron can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Halitron Pink Sheet
Halitron financial ratios help investors to determine whether Halitron Pink Sheet 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 Halitron with respect to the benefits of owning Halitron security.