HEMISPHERE EGY (Germany) Market Value
| N4Q1 Stock | EUR 1.26 0.02 1.61% |
| Symbol | HEMISPHERE |
HEMISPHERE EGY '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 HEMISPHERE EGY'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 HEMISPHERE EGY.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in HEMISPHERE EGY on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding HEMISPHERE EGY or generate 0.0% return on investment in HEMISPHERE EGY over 30 days. HEMISPHERE EGY is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. More
HEMISPHERE EGY 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 HEMISPHERE EGY'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 HEMISPHERE EGY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.7 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 4.07 |
HEMISPHERE EGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEMISPHERE EGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEMISPHERE EGY's standard deviation. In reality, there are many statistical measures that can use HEMISPHERE EGY historical prices to predict the future HEMISPHERE EGY's volatility.| Risk Adjusted Performance | 0.0428 | |||
| Jensen Alpha | 0.0084 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1422 |
HEMISPHERE EGY Backtested Returns
Currently, HEMISPHERE EGY is very risky. HEMISPHERE EGY holds Efficiency (Sharpe) Ratio of 0.0481, which attests that the entity had a 0.0481% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for HEMISPHERE EGY, which you can use to evaluate the volatility of the firm. Please check out HEMISPHERE EGY's Risk Adjusted Performance of 0.0428, semi deviation of 1.41, and Market Risk Adjusted Performance of 0.1522 to validate if the risk estimate we provide is consistent with the expected return of 0.0918%. HEMISPHERE EGY has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HEMISPHERE EGY's returns are expected to increase less than the market. However, during the bear market, the loss of holding HEMISPHERE EGY is expected to be smaller as well. HEMISPHERE EGY now retains a risk of 1.91%. Please check out HEMISPHERE EGY sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if HEMISPHERE EGY will be following its current trending patterns.
Auto-correlation | 0.48 |
Average predictability
HEMISPHERE EGY has average predictability. Overlapping area represents the amount of predictability between HEMISPHERE EGY time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 HEMISPHERE EGY price movement. The serial correlation of 0.48 indicates that about 48.0% of current HEMISPHERE EGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HEMISPHERE EGY lagged returns against current returns
Autocorrelation, which is HEMISPHERE EGY 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 HEMISPHERE EGY's stock expected returns. We can calculate the autocorrelation of HEMISPHERE EGY returns to help us make a trade decision. For example, suppose you find that HEMISPHERE EGY 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 |
HEMISPHERE EGY 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 HEMISPHERE EGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEMISPHERE EGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEMISPHERE EGY stock over time.
Current vs Lagged Prices |
| Timeline |
HEMISPHERE EGY Lagged Returns
When evaluating HEMISPHERE EGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEMISPHERE EGY stock have on its future price. HEMISPHERE EGY 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, HEMISPHERE EGY autocorrelation shows the relationship between HEMISPHERE EGY stock current value and its past values and can show if there is a momentum factor associated with investing in HEMISPHERE EGY.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for HEMISPHERE Stock Analysis
When running HEMISPHERE EGY's price analysis, check to measure HEMISPHERE EGY'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 HEMISPHERE EGY is operating at the current time. Most of HEMISPHERE EGY's value examination focuses on studying past and present price action to predict the probability of HEMISPHERE EGY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HEMISPHERE EGY's price. Additionally, you may evaluate how the addition of HEMISPHERE EGY to your portfolios can decrease your overall portfolio volatility.