HEXPOL AB (Sweden) Market Value
| HPOL-B Stock | SEK 105.70 0.30 0.28% |
| Symbol | HEXPOL |
HEXPOL AB '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 HEXPOL AB'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 HEXPOL AB.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in HEXPOL AB on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding HEXPOL AB or generate 0.0% return on investment in HEXPOL AB over 180 days. HEXPOL AB is related to or competes with SaltX Technology, Nexam Chemical, AAC Clyde, and Triboron International. HEXPOL AB develops, manufactures, and sells various polymer compounds and engineered products in Sweden and internationa... More
HEXPOL AB 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 HEXPOL AB'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 HEXPOL AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (2.78) | |||
| Potential Upside | 2.63 |
HEXPOL AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEXPOL AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEXPOL AB's standard deviation. In reality, there are many statistical measures that can use HEXPOL AB historical prices to predict the future HEXPOL AB's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 0.8679 |
HEXPOL AB Backtested Returns
HEXPOL AB holds Efficiency (Sharpe) Ratio of -0.048, which attests that the entity had a -0.048% return per unit of standard deviation over the last 3 months. HEXPOL AB exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HEXPOL AB's risk adjusted performance of (0.05), and Market Risk Adjusted Performance of 0.8779 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, returns on owning HEXPOL AB are expected to decrease at a much lower rate. During the bear market, HEXPOL AB is likely to outperform the market. At this point, HEXPOL AB has a negative expected return of -0.0815%. Please make sure to check out HEXPOL AB's potential upside, kurtosis, daily balance of power, as well as the relationship between the skewness and accumulation distribution , to decide if HEXPOL AB performance from the past will be repeated at future time.
Auto-correlation | 0.41 |
Average predictability
HEXPOL AB has average predictability. Overlapping area represents the amount of predictability between HEXPOL AB time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 HEXPOL AB price movement. The serial correlation of 0.41 indicates that just about 41.0% of current HEXPOL AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 8.52 |
HEXPOL AB lagged returns against current returns
Autocorrelation, which is HEXPOL AB 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 HEXPOL AB's stock expected returns. We can calculate the autocorrelation of HEXPOL AB returns to help us make a trade decision. For example, suppose you find that HEXPOL AB 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 |
HEXPOL AB 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 HEXPOL AB stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEXPOL AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEXPOL AB stock over time.
Current vs Lagged Prices |
| Timeline |
HEXPOL AB Lagged Returns
When evaluating HEXPOL AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEXPOL AB stock have on its future price. HEXPOL AB 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, HEXPOL AB autocorrelation shows the relationship between HEXPOL AB stock current value and its past values and can show if there is a momentum factor associated with investing in HEXPOL AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in HEXPOL Stock
HEXPOL AB financial ratios help investors to determine whether HEXPOL 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 HEXPOL with respect to the benefits of owning HEXPOL AB security.