Halliburton (Germany) Market Value
| HAL Stock | 30.10 0.18 0.60% |
| Symbol | Halliburton |
Halliburton '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 Halliburton'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 Halliburton.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Halliburton on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Halliburton or generate 0.0% return on investment in Halliburton over 30 days. Halliburton is related to or competes with G-III Apparel, Suntory Beverage, Merit Medical, Compugroup Medical, AM EAGLE, National Beverage, and URBAN OUTFITTERS. More
Halliburton 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 Halliburton'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 Halliburton upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.0018 | |||
| Maximum Drawdown | 11.8 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 2.93 |
Halliburton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Halliburton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Halliburton's standard deviation. In reality, there are many statistical measures that can use Halliburton historical prices to predict the future Halliburton's volatility.| Risk Adjusted Performance | 0.049 | |||
| Jensen Alpha | 0.0793 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0018 | |||
| Treynor Ratio | 0.3982 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Halliburton's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Halliburton Backtested Returns
Halliburton appears to be very steady, given 3 months investment horizon. Halliburton holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Halliburton, which you can use to evaluate the volatility of the firm. Please utilize Halliburton's Risk Adjusted Performance of 0.049, downside deviation of 2.09, and Market Risk Adjusted Performance of 0.4082 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Halliburton holds a performance score of 8. 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, Halliburton's returns are expected to increase less than the market. However, during the bear market, the loss of holding Halliburton is expected to be smaller as well. Please check Halliburton's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Halliburton's current trending patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Halliburton has modest predictability. Overlapping area represents the amount of predictability between Halliburton time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Halliburton price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Halliburton price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Halliburton lagged returns against current returns
Autocorrelation, which is Halliburton 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 Halliburton's stock expected returns. We can calculate the autocorrelation of Halliburton returns to help us make a trade decision. For example, suppose you find that Halliburton 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 |
Halliburton 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 Halliburton stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Halliburton stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Halliburton stock over time.
Current vs Lagged Prices |
| Timeline |
Halliburton Lagged Returns
When evaluating Halliburton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Halliburton stock have on its future price. Halliburton 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, Halliburton autocorrelation shows the relationship between Halliburton stock current value and its past values and can show if there is a momentum factor associated with investing in Halliburton.
Regressed Prices |
| Timeline |
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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 Halliburton Stock Analysis
When running Halliburton's price analysis, check to measure Halliburton'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 Halliburton is operating at the current time. Most of Halliburton's value examination focuses on studying past and present price action to predict the probability of Halliburton's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Halliburton's price. Additionally, you may evaluate how the addition of Halliburton to your portfolios can decrease your overall portfolio volatility.