HOYA (Germany) Market Value
| HYB Stock | EUR 126.50 1.80 1.44% |
| Symbol | HOYA |
HOYA '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 HOYA'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 HOYA.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in HOYA on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding HOYA Corporation or generate 0.0% return on investment in HOYA over 30 days. HOYA is related to or competes with Waste Management, CHEMICAL INDUSTRIES, CVS Health, and Siamgas. HOYA Corporation engages in the life care and information technology businesses More
HOYA 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 HOYA'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 HOYA Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.1095 | |||
| Maximum Drawdown | 58.99 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.66 |
HOYA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HOYA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HOYA's standard deviation. In reality, there are many statistical measures that can use HOYA historical prices to predict the future HOYA's volatility.| Risk Adjusted Performance | 0.1053 | |||
| Jensen Alpha | 0.7602 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.3186 | |||
| Treynor Ratio | 1.08 |
HOYA Backtested Returns
HOYA appears to be very steady, given 3 months investment horizon. HOYA holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of standard deviation over the last 3 months. By examining HOYA's technical indicators, you can evaluate if the expected return of 0.92% is justified by implied risk. Please utilize HOYA's risk adjusted performance of 0.1053, and Market Risk Adjusted Performance of 1.09 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HOYA holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HOYA's returns are expected to increase less than the market. However, during the bear market, the loss of holding HOYA is expected to be smaller as well. Please check HOYA's value at risk, downside variance, and the relationship between the maximum drawdown and potential upside , to make a quick decision on whether HOYA's current trending patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
HOYA Corporation has good reverse predictability. Overlapping area represents the amount of predictability between HOYA time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 HOYA price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current HOYA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 5.7 |
HOYA lagged returns against current returns
Autocorrelation, which is HOYA 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 HOYA's stock expected returns. We can calculate the autocorrelation of HOYA returns to help us make a trade decision. For example, suppose you find that HOYA 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 |
HOYA 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 HOYA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HOYA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HOYA stock over time.
Current vs Lagged Prices |
| Timeline |
HOYA Lagged Returns
When evaluating HOYA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HOYA stock have on its future price. HOYA 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, HOYA autocorrelation shows the relationship between HOYA stock current value and its past values and can show if there is a momentum factor associated with investing in HOYA Corporation.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HOYA Stock
HOYA financial ratios help investors to determine whether HOYA 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 HOYA with respect to the benefits of owning HOYA security.