Horisont Energi (Norway) Market Value
| HRGI Stock | NOK 2.69 0.02 0.74% |
| Symbol | Horisont |
Horisont Energi '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 Horisont Energi'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 Horisont Energi.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Horisont Energi on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Horisont Energi AS or generate 0.0% return on investment in Horisont Energi over 30 days. Horisont Energi is related to or competes with Elkem ASA, Borregaard ASA, Tekna Holding, Bergen Carbon, and . Horisont Energi AS focuses on the production of blue hydrogen and blue ammonia in Norway More
Horisont Energi 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 Horisont Energi'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 Horisont Energi AS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 26.4 | |||
| Value At Risk | (6.76) | |||
| Potential Upside | 7.14 |
Horisont Energi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horisont Energi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horisont Energi's standard deviation. In reality, there are many statistical measures that can use Horisont Energi historical prices to predict the future Horisont Energi's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (0.29) |
Horisont Energi AS Backtested Returns
Horisont Energi AS holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Horisont Energi AS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Horisont Energi's Risk Adjusted Performance of (0.02), market risk adjusted performance of (0.28), and Standard Deviation of 4.14 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Horisont Energi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Horisont Energi is expected to be smaller as well. At this point, Horisont Energi AS has a negative expected return of -0.38%. Please make sure to check out Horisont Energi's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Horisont Energi AS performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Horisont Energi AS has very good reverse predictability. Overlapping area represents the amount of predictability between Horisont Energi time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Horisont Energi AS price movement. The serial correlation of -0.67 indicates that around 67.0% of current Horisont Energi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Horisont Energi AS lagged returns against current returns
Autocorrelation, which is Horisont Energi 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 Horisont Energi's stock expected returns. We can calculate the autocorrelation of Horisont Energi returns to help us make a trade decision. For example, suppose you find that Horisont Energi 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 |
Horisont Energi 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 Horisont Energi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horisont Energi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horisont Energi stock over time.
Current vs Lagged Prices |
| Timeline |
Horisont Energi Lagged Returns
When evaluating Horisont Energi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horisont Energi stock have on its future price. Horisont Energi 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, Horisont Energi autocorrelation shows the relationship between Horisont Energi stock current value and its past values and can show if there is a momentum factor associated with investing in Horisont Energi AS.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Horisont Stock
Horisont Energi financial ratios help investors to determine whether Horisont 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 Horisont with respect to the benefits of owning Horisont Energi security.