Hulamin (South Africa) Market Value
| HLM Stock | 257.00 6.00 2.39% |
| Symbol | Hulamin |
Hulamin '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 Hulamin'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 Hulamin.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Hulamin on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Hulamin or generate 0.0% return on investment in Hulamin over 90 days. Hulamin is related to or competes with Harmony Gold, Ascendis Health, Zeder Investments, Frontier Transport, Hosken Consolidated, and HomeChoice Investments. More
Hulamin 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 Hulamin'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 Hulamin upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 22.72 | |||
| Value At Risk | (8.15) | |||
| Potential Upside | 6.08 |
Hulamin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hulamin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hulamin's standard deviation. In reality, there are many statistical measures that can use Hulamin historical prices to predict the future Hulamin's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | 0.1025 | |||
| Treynor Ratio | 1.1 |
Hulamin Backtested Returns
Hulamin holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11 % return per unit of risk over the last 3 months. Hulamin exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hulamin's Market Risk Adjusted Performance of 1.11, risk adjusted performance of (0.09), and Standard Deviation of 3.83 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hulamin are expected to decrease at a much lower rate. During the bear market, Hulamin is likely to outperform the market. At this point, Hulamin has a negative expected return of -0.43%. Please make sure to check out Hulamin's treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if Hulamin performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Hulamin has good predictability. Overlapping area represents the amount of predictability between Hulamin time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 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 Hulamin price movement. The serial correlation of 0.72 indicates that around 72.0% of current Hulamin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1671.5 |
Hulamin lagged returns against current returns
Autocorrelation, which is Hulamin 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 Hulamin's stock expected returns. We can calculate the autocorrelation of Hulamin returns to help us make a trade decision. For example, suppose you find that Hulamin 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 |
Hulamin 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 Hulamin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hulamin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hulamin stock over time.
Current vs Lagged Prices |
| Timeline |
Hulamin Lagged Returns
When evaluating Hulamin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hulamin stock have on its future price. Hulamin 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, Hulamin autocorrelation shows the relationship between Hulamin stock current value and its past values and can show if there is a momentum factor associated with investing in Hulamin.
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 Hulamin Stock
Hulamin financial ratios help investors to determine whether Hulamin 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 Hulamin with respect to the benefits of owning Hulamin security.