Hemisphere Energy Stock Market Value
| HME Stock | CAD 1.85 0.03 1.60% |
| Symbol | Hemisphere |
Hemisphere Energy Price To Book Ratio
Hemisphere Energy '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 Hemisphere Energy'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 Hemisphere Energy.
| 10/10/2023 |
| 12/03/2024 |
If you would invest 0.00 in Hemisphere Energy on October 10, 2023 and sell it all today you would earn a total of 0.00 from holding Hemisphere Energy or generate 0.0% return on investment in Hemisphere Energy over 420 days. Hemisphere Energy is related to or competes with InPlay Oil, Pine Cliff, Journey Energy, and Yangarra Resources. Hemisphere Energy Corporation acquires, explores for, develops, and produces petroleum and natural gas interests in Cana... More
Hemisphere Energy 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 Hemisphere Energy'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 Hemisphere Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.57 | |||
| Value At Risk | (3.52) | |||
| Potential Upside | 4.19 |
Hemisphere Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hemisphere Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hemisphere Energy's standard deviation. In reality, there are many statistical measures that can use Hemisphere Energy historical prices to predict the future Hemisphere Energy's volatility.| Risk Adjusted Performance | 0.0293 | |||
| Jensen Alpha | 0.0489 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 1.13 |
Hemisphere Energy Backtested Returns
At this stage we consider Hemisphere Stock to be risky. Hemisphere Energy holds Efficiency (Sharpe) Ratio of 0.0654, which attests that the entity had a 0.0654% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hemisphere Energy, which you can use to evaluate the volatility of the firm. Please check out Hemisphere Energy's Market Risk Adjusted Performance of 1.14, risk adjusted performance of 0.0293, and Downside Deviation of 2.23 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Hemisphere Energy has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0483, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hemisphere Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hemisphere Energy is expected to be smaller as well. Hemisphere Energy right now retains a risk of 2.06%. Please check out Hemisphere Energy sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Hemisphere Energy will be following its current trending patterns.
Auto-correlation | 0.79 |
Good predictability
Hemisphere Energy has good predictability. Overlapping area represents the amount of predictability between Hemisphere Energy time series from 10th of October 2023 to 7th of May 2024 and 7th of May 2024 to 3rd 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 Hemisphere Energy price movement. The serial correlation of 0.79 indicates that around 79.0% of current Hemisphere Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hemisphere Energy lagged returns against current returns
Autocorrelation, which is Hemisphere Energy 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 Hemisphere Energy's stock expected returns. We can calculate the autocorrelation of Hemisphere Energy returns to help us make a trade decision. For example, suppose you find that Hemisphere Energy 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 |
Hemisphere Energy 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 Hemisphere Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hemisphere Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hemisphere Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Hemisphere Energy Lagged Returns
When evaluating Hemisphere Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hemisphere Energy stock have on its future price. Hemisphere Energy 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, Hemisphere Energy autocorrelation shows the relationship between Hemisphere Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Hemisphere Energy.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hemisphere Stock Analysis
When running Hemisphere Energy's price analysis, check to measure Hemisphere Energy's 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 Hemisphere Energy is operating at the current time. Most of Hemisphere Energy's value examination focuses on studying past and present price action to predict the probability of Hemisphere Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hemisphere Energy's price. Additionally, you may evaluate how the addition of Hemisphere Energy to your portfolios can decrease your overall portfolio volatility.