Hitachi Construction (Germany) Market Value
| HCM Stock | EUR 25.20 1.00 4.13% |
| Symbol | Hitachi |
Hitachi Construction '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 Hitachi Construction'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 Hitachi Construction.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Hitachi Construction on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hitachi Construction Machinery or generate 0.0% return on investment in Hitachi Construction over 90 days. Hitachi Construction is related to or competes with USU Software, Easy Software, STRAYER EDUCATION, FORMPIPE SOFTWARE, Alfa Financial, Laureate Education, and American Public. Hitachi Construction Machinery Co., Ltd., together with its subsidiaries, manufactures, sells, services, and rents const... More
Hitachi Construction 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 Hitachi Construction'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 Hitachi Construction Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.1768 | |||
| Maximum Drawdown | 8.41 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.33 |
Hitachi Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hitachi Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hitachi Construction's standard deviation. In reality, there are many statistical measures that can use Hitachi Construction historical prices to predict the future Hitachi Construction's volatility.| Risk Adjusted Performance | 0.1163 | |||
| Jensen Alpha | 0.2495 | |||
| Total Risk Alpha | 0.4932 | |||
| Sortino Ratio | 0.1454 | |||
| Treynor Ratio | 4.34 |
Hitachi Construction Backtested Returns
Hitachi Construction appears to be very steady, given 3 months investment horizon. Hitachi Construction holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Hitachi Construction, which you can use to evaluate the volatility of the firm. Please utilize Hitachi Construction's Risk Adjusted Performance of 0.1163, downside deviation of 2.42, and Market Risk Adjusted Performance of 4.35 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hitachi Construction holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.0561, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hitachi Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hitachi Construction is expected to be smaller as well. Please check Hitachi Construction's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Hitachi Construction's current trending patterns will revert.
Auto-correlation | 0.45 |
Average predictability
Hitachi Construction Machinery has average predictability. Overlapping area represents the amount of predictability between Hitachi Construction 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 Hitachi Construction price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Hitachi Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Hitachi Construction lagged returns against current returns
Autocorrelation, which is Hitachi Construction 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 Hitachi Construction's stock expected returns. We can calculate the autocorrelation of Hitachi Construction returns to help us make a trade decision. For example, suppose you find that Hitachi Construction 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 |
Hitachi Construction 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 Hitachi Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hitachi Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hitachi Construction stock over time.
Current vs Lagged Prices |
| Timeline |
Hitachi Construction Lagged Returns
When evaluating Hitachi Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hitachi Construction stock have on its future price. Hitachi Construction 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, Hitachi Construction autocorrelation shows the relationship between Hitachi Construction stock current value and its past values and can show if there is a momentum factor associated with investing in Hitachi Construction Machinery.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hitachi Stock
Hitachi Construction financial ratios help investors to determine whether Hitachi 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 Hitachi with respect to the benefits of owning Hitachi Construction security.