HANNRUECKVSE ADR (Germany) Market Value
| HNRB Stock | EUR 40.40 0.20 0.49% |
| Symbol | HANNRUECKVSE |
HANNRUECKVSE ADR '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 HANNRUECKVSE ADR'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 HANNRUECKVSE ADR.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in HANNRUECKVSE ADR on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding HANNRUECKVSE ADR 12ON or generate 0.0% return on investment in HANNRUECKVSE ADR over 60 days. HANNRUECKVSE ADR is related to or competes with MUENCHRUECKUNSADR, Swiss Re, Everest Group, Reinsurance Group, RenaissanceRe Holdings, and SCOR SE. Hannover Rck SE, together with its subsidiaries, provides reinsurance products and services worldwide More
HANNRUECKVSE ADR 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 HANNRUECKVSE ADR'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 HANNRUECKVSE ADR 12ON upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.26 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 2.46 |
HANNRUECKVSE ADR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HANNRUECKVSE ADR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HANNRUECKVSE ADR's standard deviation. In reality, there are many statistical measures that can use HANNRUECKVSE ADR historical prices to predict the future HANNRUECKVSE ADR's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.22) |
HANNRUECKVSE ADR 12ON Backtested Returns
HANNRUECKVSE ADR 12ON holds Efficiency (Sharpe) Ratio of -0.0265, which attests that the company had a -0.0265% return per unit of volatility over the last 3 months. HANNRUECKVSE ADR 12ON exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HANNRUECKVSE ADR's coefficient of variation of (4,767), and Market Risk Adjusted Performance of (0.21) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HANNRUECKVSE ADR's returns are expected to increase less than the market. However, during the bear market, the loss of holding HANNRUECKVSE ADR is expected to be smaller as well. At this point, HANNRUECKVSE ADR 12ON has a negative expected return of -0.0355%. Please make sure to check out HANNRUECKVSE ADR's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if HANNRUECKVSE ADR 12ON performance from the past will be repeated in the future.
Auto-correlation | -0.55 |
Good reverse predictability
HANNRUECKVSE ADR 12ON has good reverse predictability. Overlapping area represents the amount of predictability between HANNRUECKVSE ADR time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 HANNRUECKVSE ADR 12ON price movement. The serial correlation of -0.55 indicates that about 55.0% of current HANNRUECKVSE ADR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
HANNRUECKVSE ADR 12ON lagged returns against current returns
Autocorrelation, which is HANNRUECKVSE ADR 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 HANNRUECKVSE ADR's stock expected returns. We can calculate the autocorrelation of HANNRUECKVSE ADR returns to help us make a trade decision. For example, suppose you find that HANNRUECKVSE ADR 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 |
HANNRUECKVSE ADR 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 HANNRUECKVSE ADR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HANNRUECKVSE ADR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HANNRUECKVSE ADR stock over time.
Current vs Lagged Prices |
| Timeline |
HANNRUECKVSE ADR Lagged Returns
When evaluating HANNRUECKVSE ADR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HANNRUECKVSE ADR stock have on its future price. HANNRUECKVSE ADR 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, HANNRUECKVSE ADR autocorrelation shows the relationship between HANNRUECKVSE ADR stock current value and its past values and can show if there is a momentum factor associated with investing in HANNRUECKVSE ADR 12ON.
Regressed Prices |
| Timeline |
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Other Information on Investing in HANNRUECKVSE Stock
HANNRUECKVSE ADR financial ratios help investors to determine whether HANNRUECKVSE 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 HANNRUECKVSE with respect to the benefits of owning HANNRUECKVSE ADR security.