Harford Bank Stock Market Value
| HFBK Stock | USD 33.75 0.06 0.18% |
| Symbol | Harford |
Harford Bank '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 Harford Bank's pink sheet 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 Harford Bank.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Harford Bank on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Harford Bank or generate 0.0% return on investment in Harford Bank over 720 days. Harford Bank is related to or competes with CCSB Financial, Delhi Bank, Bank of Utica, First Community, First Community, Bank of Idaho, and Citizens Financial. Harford Bank offers commercial and retail banking products and services for individuals, businesses, and governmental un... More
Harford Bank 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 Harford Bank's pink sheet 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 Harford Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.34 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.7005 |
Harford Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harford Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harford Bank's standard deviation. In reality, there are many statistical measures that can use Harford Bank historical prices to predict the future Harford Bank's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.28) |
Harford Bank Backtested Returns
Harford Bank holds Efficiency (Sharpe) Ratio of -0.0167, which attests that the entity had a -0.0167% return per unit of risk over the last 3 months. Harford Bank exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Harford Bank's Standard Deviation of 0.5836, market risk adjusted performance of (0.27), and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0693, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Harford Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harford Bank is expected to be smaller as well. At this point, Harford Bank has a negative expected return of -0.01%. Please make sure to check out Harford Bank's accumulation distribution, and the relationship between the potential upside and day median price , to decide if Harford Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Harford Bank has weak reverse predictability. Overlapping area represents the amount of predictability between Harford Bank time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Harford Bank price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Harford Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
Harford Bank lagged returns against current returns
Autocorrelation, which is Harford Bank pink sheet'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 Harford Bank's pink sheet expected returns. We can calculate the autocorrelation of Harford Bank returns to help us make a trade decision. For example, suppose you find that Harford Bank has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Harford Bank 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 Harford Bank pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harford Bank pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harford Bank pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Harford Bank Lagged Returns
When evaluating Harford Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harford Bank pink sheet have on its future price. Harford Bank 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, Harford Bank autocorrelation shows the relationship between Harford Bank pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Harford Bank.
Regressed Prices |
| Timeline |
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Harford Bank financial ratios help investors to determine whether Harford Pink Sheet 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 Harford with respect to the benefits of owning Harford Bank security.