Harn Engineering (Thailand) Market Value
| HARN Stock | THB 2.12 0.02 0.93% |
| Symbol | Harn |
Harn Engineering '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 Harn Engineering'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 Harn Engineering.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Harn Engineering on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Harn Engineering Solutions or generate 0.0% return on investment in Harn Engineering over 90 days. Harn Engineering is related to or competes with Arrow Syndicate, Getabec Public, Ama Marine, Information, and Hwa Fong. Harn Engineering Solutions Public Company Limited engages in wholesaling, retailing, repairing, renting, leasing, contra... More
Harn Engineering 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 Harn Engineering'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 Harn Engineering Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.1312 | |||
| Maximum Drawdown | 3.79 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.9 |
Harn Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harn Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harn Engineering's standard deviation. In reality, there are many statistical measures that can use Harn Engineering historical prices to predict the future Harn Engineering's volatility.| Risk Adjusted Performance | 0.0188 | |||
| Jensen Alpha | 0.0063 | |||
| Total Risk Alpha | 0.1219 | |||
| Sortino Ratio | 0.1058 | |||
| Treynor Ratio | (0.35) |
Harn Engineering Sol Backtested Returns
As of now, Harn Stock is somewhat reliable. Harn Engineering Sol holds Efficiency (Sharpe) Ratio of 0.0212, which attests that the entity had a 0.0212 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Harn Engineering Sol, which you can use to evaluate the volatility of the firm. Please check out Harn Engineering's Downside Deviation of 1.12, market risk adjusted performance of (0.34), and Risk Adjusted Performance of 0.0188 to validate if the risk estimate we provide is consistent with the expected return of 0.0191%. Harn Engineering has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.026, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Harn Engineering are expected to decrease at a much lower rate. During the bear market, Harn Engineering is likely to outperform the market. Harn Engineering Sol right now retains a risk of 0.9%. Please check out Harn Engineering total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Harn Engineering will be following its current trending patterns.
Auto-correlation | -0.22 |
Weak reverse predictability
Harn Engineering Solutions has weak reverse predictability. Overlapping area represents the amount of predictability between Harn Engineering time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Harn Engineering Sol price movement. The serial correlation of -0.22 indicates that over 22.0% of current Harn Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Harn Engineering Sol lagged returns against current returns
Autocorrelation, which is Harn Engineering 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 Harn Engineering's stock expected returns. We can calculate the autocorrelation of Harn Engineering returns to help us make a trade decision. For example, suppose you find that Harn Engineering 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 |
Harn Engineering 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 Harn Engineering stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harn Engineering stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harn Engineering stock over time.
Current vs Lagged Prices |
| Timeline |
Harn Engineering Lagged Returns
When evaluating Harn Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harn Engineering stock have on its future price. Harn Engineering 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, Harn Engineering autocorrelation shows the relationship between Harn Engineering stock current value and its past values and can show if there is a momentum factor associated with investing in Harn Engineering Solutions.
Regressed Prices |
| Timeline |
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Harn Engineering financial ratios help investors to determine whether Harn 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 Harn with respect to the benefits of owning Harn Engineering security.