Hoegh Autoliners (Norway) Market Value
| HAUTO Stock | 112.80 1.00 0.89% |
| Symbol | Hoegh |
Hoegh Autoliners '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 Hoegh Autoliners' 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 Hoegh Autoliners.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Hoegh Autoliners on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Hoegh Autoliners ASA or generate 0.0% return on investment in Hoegh Autoliners over 30 days. Hoegh Autoliners is related to or competes with 5Th Planet, Nordic Semiconductor, Sparebank, Kraft Bank, Clean Seas, and Odfjell Technology. More
Hoegh Autoliners 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 Hoegh Autoliners' 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 Hoegh Autoliners ASA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.46 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 3.87 |
Hoegh Autoliners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hoegh Autoliners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hoegh Autoliners' standard deviation. In reality, there are many statistical measures that can use Hoegh Autoliners historical prices to predict the future Hoegh Autoliners' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 1.14 |
Hoegh Autoliners ASA Backtested Returns
Hoegh Autoliners ASA holds Efficiency (Sharpe) Ratio of -0.013, which attests that the entity had a -0.013% return per unit of risk over the last 3 months. Hoegh Autoliners ASA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hoegh Autoliners' Standard Deviation of 2.74, market risk adjusted performance of 1.15, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0963, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hoegh Autoliners are expected to decrease at a much lower rate. During the bear market, Hoegh Autoliners is likely to outperform the market. At this point, Hoegh Autoliners ASA has a negative expected return of -0.0359%. Please make sure to check out Hoegh Autoliners' total risk alpha, as well as the relationship between the kurtosis and day typical price , to decide if Hoegh Autoliners ASA performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Hoegh Autoliners ASA has very weak predictability. Overlapping area represents the amount of predictability between Hoegh Autoliners time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Hoegh Autoliners ASA price movement. The serial correlation of 0.17 indicates that over 17.0% of current Hoegh Autoliners price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 7.71 |
Hoegh Autoliners ASA lagged returns against current returns
Autocorrelation, which is Hoegh Autoliners 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 Hoegh Autoliners' stock expected returns. We can calculate the autocorrelation of Hoegh Autoliners returns to help us make a trade decision. For example, suppose you find that Hoegh Autoliners 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 |
Hoegh Autoliners 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 Hoegh Autoliners stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hoegh Autoliners stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hoegh Autoliners stock over time.
Current vs Lagged Prices |
| Timeline |
Hoegh Autoliners Lagged Returns
When evaluating Hoegh Autoliners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hoegh Autoliners stock have on its future price. Hoegh Autoliners 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, Hoegh Autoliners autocorrelation shows the relationship between Hoegh Autoliners stock current value and its past values and can show if there is a momentum factor associated with investing in Hoegh Autoliners ASA.
Regressed Prices |
| Timeline |
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Hoegh Autoliners financial ratios help investors to determine whether Hoegh 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 Hoegh with respect to the benefits of owning Hoegh Autoliners security.