Honeywell Automation (India) Market Value
| HONAUT Stock | 40,835 111.80 0.27% |
| Symbol | Honeywell |
Honeywell Automation '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 Honeywell Automation'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 Honeywell Automation.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Honeywell Automation on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Honeywell Automation India or generate 0.0% return on investment in Honeywell Automation over 30 days. Honeywell Automation is related to or competes with Reliance Industries, HDFC Bank, Kingfa Science, Rico Auto, GACM Technologies, COSMO FIRST, and Delta Manufacturing. Honeywell Automation is entity of India. It is traded as Stock on NSE exchange. More
Honeywell Automation 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 Honeywell Automation'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 Honeywell Automation India upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 11.96 | |||
| Value At Risk | (1.93) | |||
| Potential Upside | 1.57 |
Honeywell Automation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Honeywell Automation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Honeywell Automation's standard deviation. In reality, there are many statistical measures that can use Honeywell Automation historical prices to predict the future Honeywell Automation's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.89) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Honeywell Automation's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Honeywell Automation Backtested Returns
Honeywell Automation holds Efficiency (Sharpe) Ratio of -0.2, which attests that the entity had a -0.2% return per unit of risk over the last 3 months. Honeywell Automation exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Honeywell Automation's Risk Adjusted Performance of (0.16), standard deviation of 1.52, and Market Risk Adjusted Performance of (0.88) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Honeywell Automation's returns are expected to increase less than the market. However, during the bear market, the loss of holding Honeywell Automation is expected to be smaller as well. At this point, Honeywell Automation has a negative expected return of -0.31%. Please make sure to check out Honeywell Automation's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Honeywell Automation performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Honeywell Automation India has good predictability. Overlapping area represents the amount of predictability between Honeywell Automation time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Honeywell Automation price movement. The serial correlation of 0.74 indicates that around 74.0% of current Honeywell Automation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 160.2 K |
Honeywell Automation lagged returns against current returns
Autocorrelation, which is Honeywell Automation 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 Honeywell Automation's stock expected returns. We can calculate the autocorrelation of Honeywell Automation returns to help us make a trade decision. For example, suppose you find that Honeywell Automation 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 |
Honeywell Automation 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 Honeywell Automation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Honeywell Automation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Honeywell Automation stock over time.
Current vs Lagged Prices |
| Timeline |
Honeywell Automation Lagged Returns
When evaluating Honeywell Automation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Honeywell Automation stock have on its future price. Honeywell Automation 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, Honeywell Automation autocorrelation shows the relationship between Honeywell Automation stock current value and its past values and can show if there is a momentum factor associated with investing in Honeywell Automation India.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Honeywell Stock
Honeywell Automation financial ratios help investors to determine whether Honeywell 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 Honeywell with respect to the benefits of owning Honeywell Automation security.