Highlight Communications (Germany) Market Value
| HLG Stock | 1.12 0.01 0.90% |
| Symbol | Highlight |
Highlight Communications '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 Highlight Communications' 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 Highlight Communications.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Highlight Communications on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Highlight Communications AG or generate 0.0% return on investment in Highlight Communications over 30 days. Highlight Communications is related to or competes with Allegheny Technologies, Playtech Plc, KINGBOARD CHEMICAL, BioNTech, Mitsui Chemicals, and Easy Software. More
Highlight Communications 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 Highlight Communications' 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 Highlight Communications AG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.96 | |||
| Information Ratio | 0.0516 | |||
| Maximum Drawdown | 42.74 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 8.82 |
Highlight Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highlight Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highlight Communications' standard deviation. In reality, there are many statistical measures that can use Highlight Communications historical prices to predict the future Highlight Communications' volatility.| Risk Adjusted Performance | 0.047 | |||
| Jensen Alpha | 0.2477 | |||
| Total Risk Alpha | 0.2962 | |||
| Sortino Ratio | 0.0522 | |||
| Treynor Ratio | (0.37) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Highlight Communications' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Highlight Communications Backtested Returns
Highlight Communications holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. Highlight Communications exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Highlight Communications' Market Risk Adjusted Performance of (0.36), downside deviation of 4.96, and Risk Adjusted Performance of 0.047 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Highlight Communications are expected to decrease at a much lower rate. During the bear market, Highlight Communications is likely to outperform the market. At this point, Highlight Communications has a negative expected return of -0.0043%. Please make sure to check out Highlight Communications' jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to decide if Highlight Communications performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.29 |
Weak reverse predictability
Highlight Communications AG has weak reverse predictability. Overlapping area represents the amount of predictability between Highlight Communications time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 Highlight Communications price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Highlight Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Highlight Communications lagged returns against current returns
Autocorrelation, which is Highlight Communications 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 Highlight Communications' stock expected returns. We can calculate the autocorrelation of Highlight Communications returns to help us make a trade decision. For example, suppose you find that Highlight Communications 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 |
Highlight Communications 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 Highlight Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highlight Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highlight Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Highlight Communications Lagged Returns
When evaluating Highlight Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highlight Communications stock have on its future price. Highlight Communications 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, Highlight Communications autocorrelation shows the relationship between Highlight Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Highlight Communications AG.
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.Additional Tools for Highlight Stock Analysis
When running Highlight Communications' price analysis, check to measure Highlight Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Highlight Communications is operating at the current time. Most of Highlight Communications' value examination focuses on studying past and present price action to predict the probability of Highlight Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highlight Communications' price. Additionally, you may evaluate how the addition of Highlight Communications to your portfolios can decrease your overall portfolio volatility.