Harvest Technology (Australia) Market Value
| HTG Stock | 0.02 0.00 0.00% |
| Symbol | Harvest |
Harvest Technology '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 Harvest Technology'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 Harvest Technology.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Harvest Technology on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Harvest Technology Group or generate 0.0% return on investment in Harvest Technology over 60 days. Harvest Technology is related to or competes with Mirrabooka Investments, Mayfield Childcare, Insurance Australia, Hotel Property, and Ainsworth Game. More
Harvest Technology 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 Harvest Technology'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 Harvest Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.71 | |||
| Information Ratio | 0.0982 | |||
| Maximum Drawdown | 37.0 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 16.67 |
Harvest Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harvest Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harvest Technology's standard deviation. In reality, there are many statistical measures that can use Harvest Technology historical prices to predict the future Harvest Technology's volatility.| Risk Adjusted Performance | 0.0908 | |||
| Jensen Alpha | 0.8431 | |||
| Total Risk Alpha | 0.7202 | |||
| Sortino Ratio | 0.0961 | |||
| Treynor Ratio | 1.52 |
Harvest Technology Backtested Returns
Harvest Technology appears to be out of control, given 3 months investment horizon. Harvest Technology 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. By evaluating Harvest Technology's technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please utilize Harvest Technology's Market Risk Adjusted Performance of 1.53, downside deviation of 8.71, and Risk Adjusted Performance of 0.0908 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Harvest Technology holds a performance score of 7. 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, Harvest Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harvest Technology is expected to be smaller as well. Please check Harvest Technology's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Harvest Technology's current trending patterns will revert.
Auto-correlation | -0.86 |
Excellent reverse predictability
Harvest Technology Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Harvest Technology time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Harvest Technology price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Harvest Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Harvest Technology lagged returns against current returns
Autocorrelation, which is Harvest Technology 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 Harvest Technology's stock expected returns. We can calculate the autocorrelation of Harvest Technology returns to help us make a trade decision. For example, suppose you find that Harvest Technology 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 |
Harvest Technology 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 Harvest Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harvest Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harvest Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Harvest Technology Lagged Returns
When evaluating Harvest Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harvest Technology stock have on its future price. Harvest Technology 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, Harvest Technology autocorrelation shows the relationship between Harvest Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Harvest Technology Group.
Regressed Prices |
| Timeline |
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Additional Tools for Harvest Stock Analysis
When running Harvest Technology's price analysis, check to measure Harvest Technology'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 Harvest Technology is operating at the current time. Most of Harvest Technology's value examination focuses on studying past and present price action to predict the probability of Harvest Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harvest Technology's price. Additionally, you may evaluate how the addition of Harvest Technology to your portfolios can decrease your overall portfolio volatility.