Heidelberg Materials' market value is the price at which a share of Heidelberg Materials trades on a public exchange. It measures the collective expectations of Heidelberg Materials AG investors about its performance. Heidelberg Materials is trading at 119.50 as of the 5th of January 2025, a No Change since the beginning of the trading day. The stock's lowest day price was 119.5. With this module, you can estimate the performance of a buy and hold strategy of Heidelberg Materials AG and determine expected loss or profit from investing in Heidelberg Materials over a given investment horizon. Check out Heidelberg Materials Correlation, Heidelberg Materials Volatility and Heidelberg Materials Alpha and Beta module to complement your research on Heidelberg Materials.
Please note, there is a significant difference between Heidelberg Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Heidelberg Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heidelberg Materials' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Heidelberg Materials '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 Heidelberg Materials' 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 Heidelberg Materials.
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11/06/2024
No Change 0.00
0.0
In 2 months and 1 day
01/05/2025
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If you would invest 0.00 in Heidelberg Materials on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding Heidelberg Materials AG or generate 0.0% return on investment in Heidelberg Materials over 60 days. Heidelberg Materials is related to or competes with Alfa Financial, Firan Technology, TYSON FOODS, Check Point, MOLSON COORS, and Thai Beverage. More
Heidelberg Materials 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 Heidelberg Materials' 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 Heidelberg Materials AG upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heidelberg Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heidelberg Materials' standard deviation. In reality, there are many statistical measures that can use Heidelberg Materials historical prices to predict the future Heidelberg Materials' volatility.
Heidelberg Materials appears to be very steady, given 3 months investment horizon. Heidelberg Materials holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Heidelberg Materials, which you can use to evaluate the volatility of the firm. Please utilize Heidelberg Materials' Risk Adjusted Performance of 0.1482, downside deviation of 1.08, and Market Risk Adjusted Performance of (0.60) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Heidelberg Materials holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Heidelberg Materials are expected to decrease at a much lower rate. During the bear market, Heidelberg Materials is likely to outperform the market. Please check Heidelberg Materials' downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Heidelberg Materials' current trending patterns will revert.
Auto-correlation
-0.18
Insignificant reverse predictability
Heidelberg Materials AG has insignificant reverse predictability. Overlapping area represents the amount of predictability between Heidelberg Materials time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th 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 Heidelberg Materials price movement. The serial correlation of -0.18 indicates that over 18.0% of current Heidelberg Materials price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.18
Spearman Rank Test
-0.63
Residual Average
0.0
Price Variance
5.37
Heidelberg Materials lagged returns against current returns
Autocorrelation, which is Heidelberg Materials 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 Heidelberg Materials' stock expected returns. We can calculate the autocorrelation of Heidelberg Materials returns to help us make a trade decision. For example, suppose you find that Heidelberg Materials 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
Heidelberg Materials 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 Heidelberg Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heidelberg Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heidelberg Materials stock over time.
Current vs Lagged Prices
Timeline
Heidelberg Materials Lagged Returns
When evaluating Heidelberg Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heidelberg Materials stock have on its future price. Heidelberg Materials 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, Heidelberg Materials autocorrelation shows the relationship between Heidelberg Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Heidelberg Materials AG.
Regressed Prices
Timeline
Also Currently Popular
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 Heidelberg Stock
Heidelberg Materials financial ratios help investors to determine whether Heidelberg 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 Heidelberg with respect to the benefits of owning Heidelberg Materials security.