HAMMONIA Schiffsholding (Germany) Market Value
| HHX Stock | EUR 286.00 12.00 4.03% |
| Symbol | HAMMONIA |
HAMMONIA Schiffsholding '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 HAMMONIA Schiffsholding'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 HAMMONIA Schiffsholding.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in HAMMONIA Schiffsholding on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding HAMMONIA Schiffsholding AG or generate 0.0% return on investment in HAMMONIA Schiffsholding over 30 days. HAMMONIA Schiffsholding is related to or competes with Qingdao Port, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Talanx AG. HAMMONIA Schiffsholding AG engages in the shipping business More
HAMMONIA Schiffsholding 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 HAMMONIA Schiffsholding'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 HAMMONIA Schiffsholding AG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.79 | |||
| Value At Risk | (4.03) |
HAMMONIA Schiffsholding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HAMMONIA Schiffsholding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HAMMONIA Schiffsholding's standard deviation. In reality, there are many statistical measures that can use HAMMONIA Schiffsholding historical prices to predict the future HAMMONIA Schiffsholding's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.3827 |
HAMMONIA Schiffsholding Backtested Returns
HAMMONIA Schiffsholding holds Efficiency (Sharpe) Ratio of -0.0451, which attests that the company had a -0.0451% return per unit of risk over the last 3 months. HAMMONIA Schiffsholding exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HAMMONIA Schiffsholding's standard deviation of 1.73, and Coefficient Of Variation of (2,218) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HAMMONIA Schiffsholding are expected to decrease at a much lower rate. During the bear market, HAMMONIA Schiffsholding is likely to outperform the market. At this point, HAMMONIA Schiffsholding has a negative expected return of -0.0779%. Please make sure to check out HAMMONIA Schiffsholding's kurtosis, day typical price, and the relationship between the treynor ratio and rate of daily change , to decide if HAMMONIA Schiffsholding performance from the past will be repeated in the future.
Auto-correlation | -0.31 |
Poor reverse predictability
HAMMONIA Schiffsholding AG has poor reverse predictability. Overlapping area represents the amount of predictability between HAMMONIA Schiffsholding time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 HAMMONIA Schiffsholding price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current HAMMONIA Schiffsholding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 27.0 |
HAMMONIA Schiffsholding lagged returns against current returns
Autocorrelation, which is HAMMONIA Schiffsholding 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 HAMMONIA Schiffsholding's stock expected returns. We can calculate the autocorrelation of HAMMONIA Schiffsholding returns to help us make a trade decision. For example, suppose you find that HAMMONIA Schiffsholding 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 |
HAMMONIA Schiffsholding 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 HAMMONIA Schiffsholding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HAMMONIA Schiffsholding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HAMMONIA Schiffsholding stock over time.
Current vs Lagged Prices |
| Timeline |
HAMMONIA Schiffsholding Lagged Returns
When evaluating HAMMONIA Schiffsholding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HAMMONIA Schiffsholding stock have on its future price. HAMMONIA Schiffsholding 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, HAMMONIA Schiffsholding autocorrelation shows the relationship between HAMMONIA Schiffsholding stock current value and its past values and can show if there is a momentum factor associated with investing in HAMMONIA Schiffsholding AG.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in HAMMONIA Stock
HAMMONIA Schiffsholding financial ratios help investors to determine whether HAMMONIA 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 HAMMONIA with respect to the benefits of owning HAMMONIA Schiffsholding security.