HP INC Market Value
| 40434LAB1 | 96.03 0.05 0.05% |
| Symbol | 40434LAB1 |
40434LAB1 '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 40434LAB1's bond 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 40434LAB1.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in 40434LAB1 on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding HP INC or generate 0.0% return on investment in 40434LAB1 over 360 days. 40434LAB1 is related to or competes with SkyWest, Beauty Health, RBC Bearings, Procter Gamble, Estee Lauder, and Volaris. More
40434LAB1 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 40434LAB1's bond 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 HP INC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 8.09 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 0.3534 |
40434LAB1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 40434LAB1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 40434LAB1's standard deviation. In reality, there are many statistical measures that can use 40434LAB1 historical prices to predict the future 40434LAB1's volatility.| Risk Adjusted Performance | (0.06) | |||
| Total Risk Alpha | (0.28) |
40434LAB1 Backtested Returns
40434LAB1 retains Efficiency (Sharpe Ratio) of -0.14, which signifies that the bond had a -0.14% return per unit of price deviation over the last 3 months. 40434LAB1 exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 40434LAB1's Mean Deviation of 0.4511, standard deviation of 1.21, and Total Risk Alpha of (0.28) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and 40434LAB1 are completely uncorrelated.
Auto-correlation | -0.52 |
Good reverse predictability
HP INC has good reverse predictability. Overlapping area represents the amount of predictability between 40434LAB1 time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 40434LAB1 price movement. The serial correlation of -0.52 indicates that about 52.0% of current 40434LAB1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
40434LAB1 lagged returns against current returns
Autocorrelation, which is 40434LAB1 bond'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 40434LAB1's bond expected returns. We can calculate the autocorrelation of 40434LAB1 returns to help us make a trade decision. For example, suppose you find that 40434LAB1 has exhibited high autocorrelation historically, and you observe that the bond 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 |
40434LAB1 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 40434LAB1 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 40434LAB1 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 40434LAB1 bond over time.
Current vs Lagged Prices |
| Timeline |
40434LAB1 Lagged Returns
When evaluating 40434LAB1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 40434LAB1 bond have on its future price. 40434LAB1 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, 40434LAB1 autocorrelation shows the relationship between 40434LAB1 bond current value and its past values and can show if there is a momentum factor associated with investing in HP INC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 40434LAB1 Bond
40434LAB1 financial ratios help investors to determine whether 40434LAB1 Bond 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 40434LAB1 with respect to the benefits of owning 40434LAB1 security.