Hitachi Zosen (Germany) Market Value
| HZS Stock | EUR 5.85 0.09 1.52% |
| Symbol | Hitachi |
Hitachi Zosen '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 Zosen'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 Hitachi Zosen.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Hitachi Zosen on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Hitachi Zosen or generate 0.0% return on investment in Hitachi Zosen over 90 days. Hitachi Zosen is related to or competes with Nomad Foods, SOGECLAIR, TYSON FOODS, Molson Coors, and Westinghouse Air. Hitachi Zosen Corporation designs and constructs machinery and systems worldwide More
Hitachi Zosen 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 Zosen'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 Hitachi Zosen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0437 | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 3.2 |
Hitachi Zosen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hitachi Zosen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hitachi Zosen's standard deviation. In reality, there are many statistical measures that can use Hitachi Zosen historical prices to predict the future Hitachi Zosen's volatility.| Risk Adjusted Performance | 0.0011 | |||
| Jensen Alpha | 0.0103 | |||
| Total Risk Alpha | 0.2326 | |||
| Treynor Ratio | (0.07) |
Hitachi Zosen Backtested Returns
At this point, Hitachi Zosen is somewhat reliable. Hitachi Zosen holds Efficiency (Sharpe) Ratio of 0.0333, which attests that the entity had a 0.0333 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Hitachi Zosen, which you can use to evaluate the volatility of the firm. Please check out Hitachi Zosen's Standard Deviation of 2.02, market risk adjusted performance of (0.06), and Risk Adjusted Performance of 0.0011 to validate if the risk estimate we provide is consistent with the expected return of 0.0699%. Hitachi Zosen has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hitachi Zosen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hitachi Zosen is expected to be smaller as well. Hitachi Zosen right now retains a risk of 2.1%. Please check out Hitachi Zosen potential upside, rate of daily change, period momentum indicator, as well as the relationship between the kurtosis and day typical price , to decide if Hitachi Zosen will be following its current trending patterns.
Auto-correlation | -0.64 |
Very good reverse predictability
Hitachi Zosen has very good reverse predictability. Overlapping area represents the amount of predictability between Hitachi Zosen time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Zosen price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Hitachi Zosen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Hitachi Zosen lagged returns against current returns
Autocorrelation, which is Hitachi Zosen 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 Hitachi Zosen's stock expected returns. We can calculate the autocorrelation of Hitachi Zosen returns to help us make a trade decision. For example, suppose you find that Hitachi Zosen 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 |
Hitachi Zosen 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 Zosen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hitachi Zosen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hitachi Zosen stock over time.
Current vs Lagged Prices |
| Timeline |
Hitachi Zosen Lagged Returns
When evaluating Hitachi Zosen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hitachi Zosen stock have on its future price. Hitachi Zosen 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 Zosen autocorrelation shows the relationship between Hitachi Zosen stock current value and its past values and can show if there is a momentum factor associated with investing in Hitachi Zosen.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hitachi Stock
Hitachi Zosen financial ratios help investors to determine whether Hitachi 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 Hitachi with respect to the benefits of owning Hitachi Zosen security.