HEINEKEN (Germany) Market Value
| HNK2 Stock | EUR 38.40 0.20 0.52% |
| Symbol | HEINEKEN |
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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in HEINEKEN on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding HEINEKEN SP ADR or generate 0.0% return on investment in HEINEKEN over 90 days. HEINEKEN is related to or competes with Micron Technology, Hastings Technology, Sunny Optical, GRUPO CARSO-A1, GEELY AUTOMOBILE, Motorcar Parts, and Microchip Technology. 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 SP ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | 0.1901 | |||
| Maximum Drawdown | 9.71 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 2.5 |
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.| Risk Adjusted Performance | 0.1199 | |||
| Jensen Alpha | 0.218 | |||
| Total Risk Alpha | 0.4296 | |||
| Sortino Ratio | 0.2327 | |||
| Treynor Ratio | 10.37 |
HEINEKEN SP ADR Backtested Returns
HEINEKEN appears to be very steady, given 3 months investment horizon. HEINEKEN SP ADR 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. We have found twenty-eight technical indicators for HEINEKEN SP ADR, which you can use to evaluate the volatility of the firm. Please utilize HEINEKEN's Risk Adjusted Performance of 0.1199, semi deviation of 1.08, and Market Risk Adjusted Performance of 10.38 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HEINEKEN holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.0208, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HEINEKEN's returns are expected to increase less than the market. However, during the bear market, the loss of holding HEINEKEN is expected to be smaller as well. Please check HEINEKEN's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether HEINEKEN's current trending patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
HEINEKEN SP ADR has almost perfect reverse predictability. Overlapping area represents the amount of predictability between HEINEKEN time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 HEINEKEN SP ADR price movement. The serial correlation of -0.75 indicates that around 75.0% of current HEINEKEN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 8.76 |
HEINEKEN SP ADR 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 SP ADR.
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.