HMT (India) Market Value
| HMT Stock | 62.48 1.45 2.27% |
| Symbol | HMT |
HMT '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 HMT'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 HMT.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in HMT on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding HMT Limited or generate 0.0% return on investment in HMT over 90 days. HMT is related to or competes with Bikaji Foods, LT Foods, ADF Foods, Univa Foods, Coffee Day, Sapphire Foods, and Jayant Agro. HMT is entity of India. It is traded as Stock on NSE exchange. More
HMT 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 HMT'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 HMT Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 10.01 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 4.28 |
HMT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HMT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HMT's standard deviation. In reality, there are many statistical measures that can use HMT historical prices to predict the future HMT's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.54) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.74) |
HMT Limited Backtested Returns
HMT Limited holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of volatility over the last 3 months. HMT Limited exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HMT's market risk adjusted performance of (0.73), and Risk Adjusted Performance of (0.13) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HMT's returns are expected to increase less than the market. However, during the bear market, the loss of holding HMT is expected to be smaller as well. At this point, HMT Limited has a negative expected return of -0.43%. Please make sure to check out HMT's daily balance of power, and the relationship between the skewness and day typical price , to decide if HMT Limited performance from the past will be repeated at future time.
Auto-correlation | 0.50 |
Modest predictability
HMT Limited has modest predictability. Overlapping area represents the amount of predictability between HMT time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 HMT Limited price movement. The serial correlation of 0.5 indicates that about 50.0% of current HMT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 17.84 |
HMT Limited lagged returns against current returns
Autocorrelation, which is HMT 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 HMT's stock expected returns. We can calculate the autocorrelation of HMT returns to help us make a trade decision. For example, suppose you find that HMT 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 |
HMT 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 HMT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HMT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HMT stock over time.
Current vs Lagged Prices |
| Timeline |
HMT Lagged Returns
When evaluating HMT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HMT stock have on its future price. HMT 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, HMT autocorrelation shows the relationship between HMT stock current value and its past values and can show if there is a momentum factor associated with investing in HMT Limited.
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.Other Information on Investing in HMT Stock
HMT financial ratios help investors to determine whether HMT 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 HMT with respect to the benefits of owning HMT security.