Hydratec Industries (Netherlands) Market Value
| HYDRA Stock | EUR 160.00 2.00 1.27% |
| Symbol | Hydratec |
Hydratec Industries '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 Hydratec Industries' 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 Hydratec Industries.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Hydratec Industries on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Hydratec Industries NV or generate 0.0% return on investment in Hydratec Industries over 480 days. Hydratec Industries is related to or competes with Holland Colours, NV Nederlandsche, Amsterdam Commodities, TKH Group, and Kendrion. Hydratec Industries NV, through its subsidiaries, manufactures and sells industrial systems and plastic components prima... More
Hydratec Industries 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 Hydratec Industries' 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 Hydratec Industries NV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.75 | |||
| Information Ratio | 0.0423 | |||
| Maximum Drawdown | 13.91 | |||
| Value At Risk | (5.62) | |||
| Potential Upside | 5.37 |
Hydratec Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hydratec Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hydratec Industries' standard deviation. In reality, there are many statistical measures that can use Hydratec Industries historical prices to predict the future Hydratec Industries' volatility.| Risk Adjusted Performance | 0.0714 | |||
| Jensen Alpha | 0.2018 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0303 | |||
| Treynor Ratio | 1.0 |
Hydratec Industries Backtested Returns
Hydratec Industries appears to be very steady, given 3 months investment horizon. Hydratec Industries 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. We have found twenty-eight technical indicators for Hydratec Industries, which you can use to evaluate the volatility of the firm. Please utilize Hydratec Industries' Market Risk Adjusted Performance of 1.01, downside deviation of 3.75, and Risk Adjusted Performance of 0.0714 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hydratec Industries holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hydratec Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hydratec Industries is expected to be smaller as well. Please check Hydratec Industries' coefficient of variation, maximum drawdown, skewness, as well as the relationship between the total risk alpha and downside variance , to make a quick decision on whether Hydratec Industries' current trending patterns will revert.
Auto-correlation | 0.86 |
Very good predictability
Hydratec Industries NV has very good predictability. Overlapping area represents the amount of predictability between Hydratec Industries time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Hydratec Industries price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Hydratec Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 84.12 |
Hydratec Industries lagged returns against current returns
Autocorrelation, which is Hydratec Industries 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 Hydratec Industries' stock expected returns. We can calculate the autocorrelation of Hydratec Industries returns to help us make a trade decision. For example, suppose you find that Hydratec Industries 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 |
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Hydratec Industries 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 Hydratec Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hydratec Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hydratec Industries stock over time.
Current vs Lagged Prices |
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Hydratec Industries Lagged Returns
When evaluating Hydratec Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hydratec Industries stock have on its future price. Hydratec Industries 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, Hydratec Industries autocorrelation shows the relationship between Hydratec Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Hydratec Industries NV.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Hydratec Stock
Hydratec Industries financial ratios help investors to determine whether Hydratec 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 Hydratec with respect to the benefits of owning Hydratec Industries security.