Hitachi Construction Machinery Stock Market Value
| HTCMY Stock | USD 51.89 0.49 0.95% |
| Symbol | Hitachi |
Hitachi Construction '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 Hitachi Construction's pink sheet 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 Hitachi Construction.
| 01/04/2025 |
| 03/05/2025 |
If you would invest 0.00 in Hitachi Construction on January 4, 2025 and sell it all today you would earn a total of 0.00 from holding Hitachi Construction Machinery or generate 0.0% return on investment in Hitachi Construction over 60 days. Hitachi Construction is related to or competes with Terex, Komatsu, Astec Industries, Komatsu, Alamo, Kubota, and Gencor Industries. Hitachi Construction Machinery Co., Ltd., together with its subsidiaries, engages in the manufacture, sale, rental, and ... More
Hitachi Construction 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 Hitachi Construction's pink sheet 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 Hitachi Construction Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.32 | |||
| Information Ratio | 0.1494 | |||
| Maximum Drawdown | 16.23 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 4.96 |
Hitachi Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hitachi Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hitachi Construction's standard deviation. In reality, there are many statistical measures that can use Hitachi Construction historical prices to predict the future Hitachi Construction's volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | 0.3125 | |||
| Total Risk Alpha | 0.5913 | |||
| Sortino Ratio | 0.1159 | |||
| Treynor Ratio | 1.59 |
Hitachi Construction Backtested Returns
Hitachi Construction appears to be very steady, given 3 months investment horizon. Hitachi Construction holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Hitachi Construction, which you can use to evaluate the volatility of the firm. Please utilize Hitachi Construction's Market Risk Adjusted Performance of 1.6, risk adjusted performance of 0.0985, and Downside Deviation of 3.32 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hitachi Construction holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hitachi Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hitachi Construction is expected to be smaller as well. Please check Hitachi Construction's total risk alpha, downside variance, as well as the relationship between the Downside Variance and rate of daily change , to make a quick decision on whether Hitachi Construction's current trending patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Hitachi Construction Machinery has modest predictability. Overlapping area represents the amount of predictability between Hitachi Construction time series from 4th of January 2025 to 3rd of February 2025 and 3rd of February 2025 to 5th 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 Hitachi Construction price movement. The serial correlation of 0.52 indicates that about 52.0% of current Hitachi Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Hitachi Construction lagged returns against current returns
Autocorrelation, which is Hitachi Construction pink sheet'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 Hitachi Construction's pink sheet expected returns. We can calculate the autocorrelation of Hitachi Construction returns to help us make a trade decision. For example, suppose you find that Hitachi Construction has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Hitachi Construction 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 Hitachi Construction pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hitachi Construction pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hitachi Construction pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hitachi Construction Lagged Returns
When evaluating Hitachi Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hitachi Construction pink sheet have on its future price. Hitachi Construction 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, Hitachi Construction autocorrelation shows the relationship between Hitachi Construction pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hitachi Construction Machinery.
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 Tools for Hitachi Pink Sheet Analysis
When running Hitachi Construction's price analysis, check to measure Hitachi Construction'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 Hitachi Construction is operating at the current time. Most of Hitachi Construction's value examination focuses on studying past and present price action to predict the probability of Hitachi Construction's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hitachi Construction's price. Additionally, you may evaluate how the addition of Hitachi Construction to your portfolios can decrease your overall portfolio volatility.