Herige SA (France) Market Value
| ALHRG Stock | EUR 26.60 0.60 2.31% |
| Symbol | Herige |
Herige SA '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 Herige SA'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 Herige SA.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Herige SA on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Herige SA or generate 0.0% return on investment in Herige SA over 30 days. Herige SA is related to or competes with Jacques Bogart, Passat Socit, Stef SA, Haulotte Group, and Gevelot. Herige trades in building materials for professional and do-it-yourself customers primarily in France More
Herige SA 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 Herige SA'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 Herige SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 7.47 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.97 |
Herige SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Herige SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Herige SA's standard deviation. In reality, there are many statistical measures that can use Herige SA historical prices to predict the future Herige SA's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.39) |
Herige SA Backtested Returns
Herige SA holds Efficiency (Sharpe) Ratio of -0.0658, which attests that the entity had a -0.0658% return per unit of risk over the last 3 months. Herige SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Herige SA's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.38), and Standard Deviation of 1.77 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Herige SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Herige SA is expected to be smaller as well. At this point, Herige SA has a negative expected return of -0.12%. Please make sure to check out Herige SA's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Herige SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Herige SA has modest reverse predictability. Overlapping area represents the amount of predictability between Herige SA time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Herige SA price movement. The serial correlation of -0.48 indicates that about 48.0% of current Herige SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.73 |
Herige SA lagged returns against current returns
Autocorrelation, which is Herige SA 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 Herige SA's stock expected returns. We can calculate the autocorrelation of Herige SA returns to help us make a trade decision. For example, suppose you find that Herige SA 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 |
Herige SA 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 Herige SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Herige SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Herige SA stock over time.
Current vs Lagged Prices |
| Timeline |
Herige SA Lagged Returns
When evaluating Herige SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Herige SA stock have on its future price. Herige SA 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, Herige SA autocorrelation shows the relationship between Herige SA stock current value and its past values and can show if there is a momentum factor associated with investing in Herige SA.
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.Additional Tools for Herige Stock Analysis
When running Herige SA's price analysis, check to measure Herige SA'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 Herige SA is operating at the current time. Most of Herige SA's value examination focuses on studying past and present price action to predict the probability of Herige SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Herige SA's price. Additionally, you may evaluate how the addition of Herige SA to your portfolios can decrease your overall portfolio volatility.