Hammer Metals (Australia) Market Value
| HMX Stock | 0.03 0 8.33% |
| Symbol | Hammer |
Hammer Metals '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 Hammer Metals' 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 Hammer Metals.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Hammer Metals on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hammer Metals or generate 0.0% return on investment in Hammer Metals over 60 days. Hammer Metals is related to or competes with Dug Technology, Dicker Data, Ainsworth Game, Data3, and Ras Technology. Hammer Metals is entity of Australia. It is traded as Stock on AU exchange. More
Hammer Metals 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 Hammer Metals' 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 Hammer Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 23.59 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 9.09 |
Hammer Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hammer Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hammer Metals' standard deviation. In reality, there are many statistical measures that can use Hammer Metals historical prices to predict the future Hammer Metals' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.3727 |
Hammer Metals Backtested Returns
Hammer Metals holds Efficiency (Sharpe) Ratio of -0.0408, which attests that the entity had a -0.0408% return per unit of risk over the last 3 months. Hammer Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hammer Metals' Market Risk Adjusted Performance of 0.3827, standard deviation of 4.74, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hammer Metals are expected to decrease at a much lower rate. During the bear market, Hammer Metals is likely to outperform the market. At this point, Hammer Metals has a negative expected return of -0.2%. Please make sure to check out Hammer Metals' treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Hammer Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Hammer Metals has very weak reverse predictability. Overlapping area represents the amount of predictability between Hammer Metals time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Hammer Metals price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Hammer Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hammer Metals lagged returns against current returns
Autocorrelation, which is Hammer Metals 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 Hammer Metals' stock expected returns. We can calculate the autocorrelation of Hammer Metals returns to help us make a trade decision. For example, suppose you find that Hammer Metals 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 |
Hammer Metals 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 Hammer Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hammer Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hammer Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Hammer Metals Lagged Returns
When evaluating Hammer Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hammer Metals stock have on its future price. Hammer Metals 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, Hammer Metals autocorrelation shows the relationship between Hammer Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Hammer Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hammer Stock Analysis
When running Hammer Metals' price analysis, check to measure Hammer Metals' 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 Hammer Metals is operating at the current time. Most of Hammer Metals' value examination focuses on studying past and present price action to predict the probability of Hammer Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammer Metals' price. Additionally, you may evaluate how the addition of Hammer Metals to your portfolios can decrease your overall portfolio volatility.