Hologic (Germany) Market Value
| HO1 Stock | EUR 69.00 0.50 0.73% |
| Symbol | Hologic |
Hologic '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 Hologic'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 Hologic.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in Hologic on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hologic or generate 0.0% return on investment in Hologic over 30 days. Hologic is related to or competes with Intuitive Surgical, Resmed, ResMed, Sartorius Stedim, SARTORIUS, and Sartorius Aktiengesellscha. Hologic, Inc., a medical technology company, develops, manufactures, and supplies diagnostics products, medical imaging ... More
Hologic 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 Hologic'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 Hologic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 5.6 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 1.41 |
Hologic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hologic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hologic's standard deviation. In reality, there are many statistical measures that can use Hologic historical prices to predict the future Hologic's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.59) |
Hologic Backtested Returns
Hologic holds Efficiency (Sharpe) Ratio of -0.0552, which attests that the entity had a -0.0552% return per unit of risk over the last 3 months. Hologic exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hologic's Market Risk Adjusted Performance of (0.58), risk adjusted performance of (0.05), and Standard Deviation of 1.13 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hologic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hologic is expected to be smaller as well. At this point, Hologic has a negative expected return of -0.0623%. Please make sure to check out Hologic's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Hologic performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.62 |
Good predictability
Hologic has good predictability. Overlapping area represents the amount of predictability between Hologic time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 Hologic price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Hologic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
Hologic lagged returns against current returns
Autocorrelation, which is Hologic 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 Hologic's stock expected returns. We can calculate the autocorrelation of Hologic returns to help us make a trade decision. For example, suppose you find that Hologic 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 |
Hologic 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 Hologic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hologic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hologic stock over time.
Current vs Lagged Prices |
| Timeline |
Hologic Lagged Returns
When evaluating Hologic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hologic stock have on its future price. Hologic 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, Hologic autocorrelation shows the relationship between Hologic stock current value and its past values and can show if there is a momentum factor associated with investing in Hologic.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Hologic Stock
When determining whether Hologic offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hologic's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hologic Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hologic Stock:Check out Hologic Correlation, Hologic Volatility and Hologic Alpha and Beta module to complement your research on Hologic. For more detail on how to invest in Hologic Stock please use our How to Invest in Hologic guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Hologic technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.