Hpq Silicon Resources Stock Market Value
| HPQ Stock | CAD 0.22 0.02 8.33% |
| Symbol | HPQ |
HPQ Silicon Resources Price To Book Ratio
HPQ Silicon '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 HPQ Silicon'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 HPQ Silicon.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in HPQ Silicon on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding HPQ Silicon Resources or generate 0.0% return on investment in HPQ Silicon over 30 days. HPQ Silicon is related to or competes with PyroGenesis Canada. HPQ-Silicon Resources Inc. engages in the exploration, mining, and production of silicon metals, solar grade silicon met... More
HPQ Silicon 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 HPQ Silicon'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 HPQ Silicon Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 26.48 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 8.33 |
HPQ Silicon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HPQ Silicon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HPQ Silicon's standard deviation. In reality, there are many statistical measures that can use HPQ Silicon historical prices to predict the future HPQ Silicon's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.2253 |
HPQ Silicon Resources Backtested Returns
HPQ Silicon Resources holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of volatility over the last 3 months. HPQ Silicon Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HPQ Silicon's market risk adjusted performance of 0.2353, and Risk Adjusted Performance of (0) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HPQ Silicon are expected to decrease at a much lower rate. During the bear market, HPQ Silicon is likely to outperform the market. At this point, HPQ Silicon Resources has a negative expected return of -0.0302%. Please make sure to check out HPQ Silicon's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if HPQ Silicon Resources performance from the past will be repeated at future time.
Auto-correlation | -0.17 |
Insignificant reverse predictability
HPQ Silicon Resources has insignificant reverse predictability. Overlapping area represents the amount of predictability between HPQ Silicon time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 HPQ Silicon Resources price movement. The serial correlation of -0.17 indicates that over 17.0% of current HPQ Silicon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HPQ Silicon Resources lagged returns against current returns
Autocorrelation, which is HPQ Silicon 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 HPQ Silicon's stock expected returns. We can calculate the autocorrelation of HPQ Silicon returns to help us make a trade decision. For example, suppose you find that HPQ Silicon 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 |
HPQ Silicon 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 HPQ Silicon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HPQ Silicon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HPQ Silicon stock over time.
Current vs Lagged Prices |
| Timeline |
HPQ Silicon Lagged Returns
When evaluating HPQ Silicon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HPQ Silicon stock have on its future price. HPQ Silicon 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, HPQ Silicon autocorrelation shows the relationship between HPQ Silicon stock current value and its past values and can show if there is a momentum factor associated with investing in HPQ Silicon Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for HPQ Stock Analysis
When running HPQ Silicon's price analysis, check to measure HPQ Silicon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HPQ Silicon is operating at the current time. Most of HPQ Silicon's value examination focuses on studying past and present price action to predict the probability of HPQ Silicon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HPQ Silicon's price. Additionally, you may evaluate how the addition of HPQ Silicon to your portfolios can decrease your overall portfolio volatility.