Hastings Rare (Australia) Market Value
| HAS Stock | 0.33 0.01 3.13% |
| Symbol | Hastings |
Hastings Rare '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 Hastings Rare'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 Hastings Rare.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Hastings Rare on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hastings Rare Metals or generate 0.0% return on investment in Hastings Rare over 60 days. Hastings Rare is related to or competes with Flagship Investments, Premier Investments, Alternative Investment, Hotel Property, and Argo Investments. More
Hastings Rare 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 Hastings Rare'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 Hastings Rare Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.31 | |||
| Information Ratio | 0.0661 | |||
| Maximum Drawdown | 19.81 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 7.41 |
Hastings Rare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hastings Rare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hastings Rare's standard deviation. In reality, there are many statistical measures that can use Hastings Rare historical prices to predict the future Hastings Rare's volatility.| Risk Adjusted Performance | 0.0661 | |||
| Jensen Alpha | 0.2765 | |||
| Total Risk Alpha | 0.217 | |||
| Sortino Ratio | 0.0501 | |||
| Treynor Ratio | 2.13 |
Hastings Rare Metals Backtested Returns
Hastings Rare appears to be out of control, given 3 months investment horizon. Hastings Rare Metals holds Efficiency (Sharpe) Ratio of 0.0717, which attests that the entity had a 0.0717% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hastings Rare Metals, which you can use to evaluate the volatility of the firm. Please utilize Hastings Rare's Market Risk Adjusted Performance of 2.14, downside deviation of 5.31, and Risk Adjusted Performance of 0.0661 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hastings Rare holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hastings Rare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hastings Rare is expected to be smaller as well. Please check Hastings Rare's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Hastings Rare's current trending patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Hastings Rare Metals has very weak predictability. Overlapping area represents the amount of predictability between Hastings Rare time series from 5th of November 2024 to 5th of December 2024 and 5th 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 Hastings Rare Metals price movement. The serial correlation of 0.17 indicates that over 17.0% of current Hastings Rare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hastings Rare Metals lagged returns against current returns
Autocorrelation, which is Hastings Rare 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 Hastings Rare's stock expected returns. We can calculate the autocorrelation of Hastings Rare returns to help us make a trade decision. For example, suppose you find that Hastings Rare 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 |
Hastings Rare 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 Hastings Rare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hastings Rare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hastings Rare stock over time.
Current vs Lagged Prices |
| Timeline |
Hastings Rare Lagged Returns
When evaluating Hastings Rare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hastings Rare stock have on its future price. Hastings Rare 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, Hastings Rare autocorrelation shows the relationship between Hastings Rare stock current value and its past values and can show if there is a momentum factor associated with investing in Hastings Rare Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hastings Stock Analysis
When running Hastings Rare's price analysis, check to measure Hastings Rare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hastings Rare is operating at the current time. Most of Hastings Rare's value examination focuses on studying past and present price action to predict the probability of Hastings Rare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hastings Rare's price. Additionally, you may evaluate how the addition of Hastings Rare to your portfolios can decrease your overall portfolio volatility.