Hardide PLC (UK) Market Value
| HDD Stock | 5.75 0.15 2.54% |
| Symbol | Hardide |
Hardide PLC '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 Hardide PLC'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 Hardide PLC.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Hardide PLC on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Hardide PLC or generate 0.0% return on investment in Hardide PLC over 90 days. Hardide PLC is related to or competes with Metals Exploration, Commerzbank, Caledonia Mining, FinecoBank SpA, Bank of Ireland, Tetragon Financial, and Beowulf Mining. Hardide PLC is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Hardide PLC 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 Hardide PLC'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 Hardide PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.93 | |||
| Information Ratio | 0.1117 | |||
| Maximum Drawdown | 36.46 | |||
| Value At Risk | (5.60) | |||
| Potential Upside | 5.63 |
Hardide PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hardide PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hardide PLC's standard deviation. In reality, there are many statistical measures that can use Hardide PLC historical prices to predict the future Hardide PLC's volatility.| Risk Adjusted Performance | 0.0871 | |||
| Jensen Alpha | 0.3746 | |||
| Total Risk Alpha | 1.01 | |||
| Sortino Ratio | 0.1068 | |||
| Treynor Ratio | (1.07) |
Hardide PLC Backtested Returns
Hardide PLC holds Efficiency (Sharpe) Ratio of -0.0175, which attests that the entity had a -0.0175 % return per unit of risk over the last 3 months. Hardide PLC exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hardide PLC's Market Risk Adjusted Performance of (1.06), downside deviation of 4.93, and Risk Adjusted Performance of 0.0871 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hardide PLC are expected to decrease at a much lower rate. During the bear market, Hardide PLC is likely to outperform the market. At this point, Hardide PLC has a negative expected return of -0.056%. Please make sure to check out Hardide PLC's sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to decide if Hardide PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Hardide PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hardide PLC time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Hardide PLC price movement. The serial correlation of -0.17 indicates that over 17.0% of current Hardide PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Hardide PLC lagged returns against current returns
Autocorrelation, which is Hardide PLC 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 Hardide PLC's stock expected returns. We can calculate the autocorrelation of Hardide PLC returns to help us make a trade decision. For example, suppose you find that Hardide PLC 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 |
Hardide PLC 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 Hardide PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hardide PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hardide PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Hardide PLC Lagged Returns
When evaluating Hardide PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hardide PLC stock have on its future price. Hardide PLC 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, Hardide PLC autocorrelation shows the relationship between Hardide PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Hardide PLC.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Hardide Stock
Hardide PLC financial ratios help investors to determine whether Hardide 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 Hardide with respect to the benefits of owning Hardide PLC security.