Hub24 (Australia) Market Value
| HUB Stock | 68.77 0.71 1.02% |
| Symbol | Hub24 |
Hub24 '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 Hub24'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 Hub24.
| 10/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in Hub24 on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Hub24 or generate 0.0% return on investment in Hub24 over 60 days. Hub24 is related to or competes with Westpac Banking, National Australia, National Australia, National Australia, Commonwealth Bank, Commonwealth Bank, and ANZ Group. Hub24 is entity of Australia. It is traded as Stock on AU exchange. More
Hub24 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 Hub24'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 Hub24 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.1631 | |||
| Maximum Drawdown | 9.09 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 2.37 |
Hub24 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hub24's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hub24's standard deviation. In reality, there are many statistical measures that can use Hub24 historical prices to predict the future Hub24's volatility.| Risk Adjusted Performance | 0.1501 | |||
| Jensen Alpha | 0.2806 | |||
| Total Risk Alpha | 0.2409 | |||
| Sortino Ratio | 0.1388 | |||
| Treynor Ratio | 1.12 |
Hub24 Backtested Returns
Hub24 appears to be very steady, given 3 months investment horizon. Hub24 holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hub24, which you can use to evaluate the volatility of the firm. Please utilize Hub24's Downside Deviation of 1.9, risk adjusted performance of 0.1501, and Market Risk Adjusted Performance of 1.13 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hub24 holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hub24's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hub24 is expected to be smaller as well. Please check Hub24's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Hub24's current trending patterns will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Hub24 has excellent reverse predictability. Overlapping area represents the amount of predictability between Hub24 time series from 22nd of October 2024 to 21st of November 2024 and 21st of November 2024 to 21st 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 Hub24 price movement. The serial correlation of -0.81 indicates that around 81.0% of current Hub24 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 7.06 |
Hub24 lagged returns against current returns
Autocorrelation, which is Hub24 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 Hub24's stock expected returns. We can calculate the autocorrelation of Hub24 returns to help us make a trade decision. For example, suppose you find that Hub24 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 |
Hub24 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 Hub24 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hub24 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hub24 stock over time.
Current vs Lagged Prices |
| Timeline |
Hub24 Lagged Returns
When evaluating Hub24's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hub24 stock have on its future price. Hub24 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, Hub24 autocorrelation shows the relationship between Hub24 stock current value and its past values and can show if there is a momentum factor associated with investing in Hub24.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hub24 Stock Analysis
When running Hub24's price analysis, check to measure Hub24'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 Hub24 is operating at the current time. Most of Hub24's value examination focuses on studying past and present price action to predict the probability of Hub24's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hub24's price. Additionally, you may evaluate how the addition of Hub24 to your portfolios can decrease your overall portfolio volatility.