Honeywell International (Brazil) Market Value
| HONB34 Stock | BRL 1,199 20.96 1.72% |
| Symbol | Honeywell |
Honeywell International '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 International'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 International.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Honeywell International on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Honeywell International or generate 0.0% return on investment in Honeywell International over 90 days. Honeywell International is related to or competes with Apartment Investment, CM Hospitalar, and Hospital Mater. Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide More
Honeywell International 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 International'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 International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.63 | |||
| Value At Risk | (3.08) | |||
| Potential Upside | 2.1 |
Honeywell International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Honeywell International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Honeywell International's standard deviation. In reality, there are many statistical measures that can use Honeywell International historical prices to predict the future Honeywell International's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | 0.0399 | |||
| Treynor Ratio | 0.5558 |
Honeywell International Backtested Returns
Honeywell International holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12 % return per unit of risk over the last 3 months. Honeywell International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Honeywell International's Standard Deviation of 1.74, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of 0.5658 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Honeywell International are expected to decrease at a much lower rate. During the bear market, Honeywell International is likely to outperform the market. At this point, Honeywell International has a negative expected return of -0.21%. Please make sure to check out Honeywell International's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Honeywell International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
Honeywell International has good predictability. Overlapping area represents the amount of predictability between Honeywell International time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Honeywell International price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Honeywell International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 2193.17 |
Honeywell International lagged returns against current returns
Autocorrelation, which is Honeywell International 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 International's stock expected returns. We can calculate the autocorrelation of Honeywell International returns to help us make a trade decision. For example, suppose you find that Honeywell International 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 International 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 International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Honeywell International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Honeywell International stock over time.
Current vs Lagged Prices |
| Timeline |
Honeywell International Lagged Returns
When evaluating Honeywell International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Honeywell International stock have on its future price. Honeywell International 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 International autocorrelation shows the relationship between Honeywell International stock current value and its past values and can show if there is a momentum factor associated with investing in Honeywell International.
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.Additional Information and Resources on Investing in Honeywell Stock
When determining whether Honeywell International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Honeywell International'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 Honeywell International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Honeywell International Stock:Check out Honeywell International Correlation, Honeywell International Volatility and Honeywell International Alpha and Beta module to complement your research on Honeywell International. For information on how to trade Honeywell Stock refer to our How to Trade Honeywell Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Honeywell International 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.