Heineken (Germany) Market Value

HNK1 Stock  EUR 68.20  0.60  0.87%   
Heineken's market value is the price at which a share of Heineken trades on a public exchange. It measures the collective expectations of Heineken NV investors about its performance. Heineken is trading at 68.20 as of the 25th of December 2024. This is a 0.87 percent down since the beginning of the trading day. The stock's lowest day price was 68.12.
With this module, you can estimate the performance of a buy and hold strategy of Heineken NV and determine expected loss or profit from investing in Heineken over a given investment horizon. Check out Heineken Correlation, Heineken Volatility and Heineken Alpha and Beta module to complement your research on Heineken.
Symbol

Please note, there is a significant difference between Heineken's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heineken is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heineken's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Heineken '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 Heineken'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 Heineken.
0.00
11/25/2024
No Change 0.00  0.0 
In 30 days
12/25/2024
0.00
If you would invest  0.00  in Heineken on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding Heineken NV or generate 0.0% return on investment in Heineken over 30 days. Heineken is related to or competes with FOMECONMEXSAB DCV, HEINEKEN, Ambev SA, Heineken Holding, Carlsberg, and Carlsberg. Heineken N.V. engages in brewing and selling beer and cider More

Heineken 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 Heineken'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 Heineken NV upside and downside potential and time the market with a certain degree of confidence.

Heineken Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Heineken's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heineken's standard deviation. In reality, there are many statistical measures that can use Heineken historical prices to predict the future Heineken's volatility.
Hype
Prediction
LowEstimatedHigh
67.0368.2069.37
Details
Intrinsic
Valuation
LowRealHigh
54.7555.9275.02
Details

Heineken NV Backtested Returns

Heineken NV holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19% return per unit of risk over the last 3 months. Heineken NV exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heineken's Standard Deviation of 1.18, market risk adjusted performance of 1.07, and Risk Adjusted Performance of (0.14) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Heineken are expected to decrease at a much lower rate. During the bear market, Heineken is likely to outperform the market. At this point, Heineken NV has a negative expected return of -0.22%. Please make sure to check out Heineken's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Heineken NV performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.62  

Good predictability

Heineken NV has good predictability. Overlapping area represents the amount of predictability between Heineken time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Heineken NV price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Heineken price fluctuation can be explain by its past prices.
Correlation Coefficient0.62
Spearman Rank Test0.13
Residual Average0.0
Price Variance0.69

Heineken NV lagged returns against current returns

Autocorrelation, which is Heineken 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 Heineken's stock expected returns. We can calculate the autocorrelation of Heineken returns to help us make a trade decision. For example, suppose you find that Heineken 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  

Heineken 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 Heineken stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heineken stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heineken stock over time.
   Current vs Lagged Prices   
       Timeline  

Heineken Lagged Returns

When evaluating Heineken's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heineken stock have on its future price. Heineken 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, Heineken autocorrelation shows the relationship between Heineken stock current value and its past values and can show if there is a momentum factor associated with investing in Heineken NV.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Heineken Stock

Heineken financial ratios help investors to determine whether Heineken 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 Heineken with respect to the benefits of owning Heineken security.