Helmerich Payne (Germany) Market Value
| HPC Stock | EUR 32.64 0.21 0.65% |
| Symbol | Helmerich |
Helmerich Payne '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 Helmerich Payne'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 Helmerich Payne.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Helmerich Payne on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Helmerich Payne or generate 0.0% return on investment in Helmerich Payne over 690 days. Helmerich Payne is related to or competes with PRECISION DRILLING, SHELF DRILLING, Daldrup Söhne, Superior Plus, NMI Holdings, Origin Agritech, and SIVERS SEMICONDUCTORS. Helmerich Payne, Inc. primarily engages in drilling oil and gas wells for exploration and production companies More
Helmerich Payne 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 Helmerich Payne'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 Helmerich Payne upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.45 | |||
| Information Ratio | 0.0335 | |||
| Maximum Drawdown | 12.12 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 4.28 |
Helmerich Payne Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Helmerich Payne's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Helmerich Payne's standard deviation. In reality, there are many statistical measures that can use Helmerich Payne historical prices to predict the future Helmerich Payne's volatility.| Risk Adjusted Performance | 0.0694 | |||
| Jensen Alpha | 0.1165 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.036 | |||
| Treynor Ratio | 0.27 |
Helmerich Payne Backtested Returns
Helmerich Payne appears to be very steady, given 3 months investment horizon. Helmerich Payne holds Efficiency (Sharpe) Ratio of 0.0856, which attests that the entity had a 0.0856% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Helmerich Payne, which you can use to evaluate the volatility of the firm. Please utilize Helmerich Payne's Risk Adjusted Performance of 0.0694, downside deviation of 2.45, and Market Risk Adjusted Performance of 0.28 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Helmerich Payne holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Helmerich Payne's returns are expected to increase less than the market. However, during the bear market, the loss of holding Helmerich Payne is expected to be smaller as well. Please check Helmerich Payne's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Helmerich Payne's current trending patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Helmerich Payne has good reverse predictability. Overlapping area represents the amount of predictability between Helmerich Payne time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 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 Helmerich Payne price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Helmerich Payne price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 8.08 |
Helmerich Payne lagged returns against current returns
Autocorrelation, which is Helmerich Payne 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 Helmerich Payne's stock expected returns. We can calculate the autocorrelation of Helmerich Payne returns to help us make a trade decision. For example, suppose you find that Helmerich Payne 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 |
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Helmerich Payne 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 Helmerich Payne stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Helmerich Payne stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Helmerich Payne stock over time.
Current vs Lagged Prices |
| Timeline |
Helmerich Payne Lagged Returns
When evaluating Helmerich Payne's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Helmerich Payne stock have on its future price. Helmerich Payne 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, Helmerich Payne autocorrelation shows the relationship between Helmerich Payne stock current value and its past values and can show if there is a momentum factor associated with investing in Helmerich Payne.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Helmerich Stock
Helmerich Payne financial ratios help investors to determine whether Helmerich 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 Helmerich with respect to the benefits of owning Helmerich Payne security.