High Liner Foods Stock Market Value
| HLF Stock | CAD 15.43 0.10 0.65% |
| Symbol | High |
High Liner Foods Price To Book Ratio
High Liner '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 High Liner'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 High Liner.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in High Liner on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding High Liner Foods or generate 0.0% return on investment in High Liner over 30 days. High Liner is related to or competes with Maple Leaf, S A P, IShares Canadian, PHN Multi, Altagas Cum, and EcoSynthetix. High Liner Foods Incorporated processes and markets prepared and packaged frozen seafood products in the United States a... More
High Liner 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 High Liner'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 High Liner Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0725 | |||
| Maximum Drawdown | 5.73 | |||
| Value At Risk | (1.67) | |||
| Potential Upside | 3.25 |
High Liner Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for High Liner's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Liner's standard deviation. In reality, there are many statistical measures that can use High Liner historical prices to predict the future High Liner's volatility.| Risk Adjusted Performance | 0.1237 | |||
| Jensen Alpha | 0.2436 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0995 | |||
| Treynor Ratio | (1.44) |
High Liner Foods Backtested Returns
High Liner appears to be very steady, given 3 months investment horizon. High Liner Foods holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for High Liner Foods, which you can use to evaluate the volatility of the firm. Please utilize High Liner's Downside Deviation of 1.11, market risk adjusted performance of (1.43), and Risk Adjusted Performance of 0.1237 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, High Liner holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning High Liner are expected to decrease at a much lower rate. During the bear market, High Liner is likely to outperform the market. Please check High Liner's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether High Liner's current trending patterns will revert.
Auto-correlation | 0.69 |
Good predictability
High Liner Foods has good predictability. Overlapping area represents the amount of predictability between High Liner time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 High Liner Foods price movement. The serial correlation of 0.69 indicates that around 69.0% of current High Liner price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
High Liner Foods lagged returns against current returns
Autocorrelation, which is High Liner 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 High Liner's stock expected returns. We can calculate the autocorrelation of High Liner returns to help us make a trade decision. For example, suppose you find that High Liner 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 |
High Liner 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 High Liner stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Liner stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Liner stock over time.
Current vs Lagged Prices |
| Timeline |
High Liner Lagged Returns
When evaluating High Liner's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Liner stock have on its future price. High Liner 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, High Liner autocorrelation shows the relationship between High Liner stock current value and its past values and can show if there is a momentum factor associated with investing in High Liner Foods.
Regressed Prices |
| Timeline |
Pair Trading with High Liner
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if High Liner position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in High Liner will appreciate offsetting losses from the drop in the long position's value.Moving against High Stock
| 0.68 | HPQ | HPQ Silicon Resources | PairCorr |
| 0.68 | IZ | International Zeolite | PairCorr |
| 0.4 | NG | NovaGold Resources | PairCorr |
The ability to find closely correlated positions to High Liner could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace High Liner when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back High Liner - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling High Liner Foods to buy it.
The correlation of High Liner is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as High Liner moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if High Liner Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for High Liner can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in High Stock
High Liner financial ratios help investors to determine whether High 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 High with respect to the benefits of owning High Liner security.