HALI34 (Brazil) Market Value
| HALI34 Stock | BRL 157.76 38.87 19.77% |
| Symbol | HALI34 |
HALI34 '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 HALI34'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 HALI34.
| 01/01/2023 |
| 12/21/2024 |
If you would invest 0.00 in HALI34 on January 1, 2023 and sell it all today you would earn a total of 0.00 from holding HALI34 or generate 0.0% return on investment in HALI34 over 720 days. HALI34 is related to or competes with Schlumberger, BTG Pactual, Plano Plano, Cable One, ATMA Participaes, British American, and Western Union. Halliburton Company provides a range of services and products to oil and natural gas companies worldwide More
HALI34 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 HALI34'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 HALI34 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.79 | |||
| Information Ratio | 0.0126 | |||
| Maximum Drawdown | 10.5 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 4.25 |
HALI34 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HALI34's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HALI34's standard deviation. In reality, there are many statistical measures that can use HALI34 historical prices to predict the future HALI34's volatility.| Risk Adjusted Performance | 0.0257 | |||
| Jensen Alpha | 0.0728 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0044 | |||
| Treynor Ratio | (0.11) |
HALI34 Backtested Returns
HALI34 holds Efficiency (Sharpe) Ratio of -0.0041, which attests that the company had a -0.0041% return per unit of risk over the last 3 months. HALI34 exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HALI34's semi deviation of 3.23, and Downside Deviation of 8.79 to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of -0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HALI34 are expected to decrease at a much lower rate. During the bear market, HALI34 is likely to outperform the market. At this point, HALI34 has a negative expected return of -0.0125%. Please make sure to check out HALI34's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if HALI34 performance from the past will be repeated in the future.
Auto-correlation | -0.67 |
Very good reverse predictability
HALI34 has very good reverse predictability. Overlapping area represents the amount of predictability between HALI34 time series from 1st of January 2023 to 27th of December 2023 and 27th of December 2023 to 21st 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 HALI34 price movement. The serial correlation of -0.67 indicates that around 67.0% of current HALI34 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 167.26 |
HALI34 lagged returns against current returns
Autocorrelation, which is HALI34 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 HALI34's stock expected returns. We can calculate the autocorrelation of HALI34 returns to help us make a trade decision. For example, suppose you find that HALI34 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 |
HALI34 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 HALI34 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HALI34 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HALI34 stock over time.
Current vs Lagged Prices |
| Timeline |
HALI34 Lagged Returns
When evaluating HALI34's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HALI34 stock have on its future price. HALI34 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, HALI34 autocorrelation shows the relationship between HALI34 stock current value and its past values and can show if there is a momentum factor associated with investing in HALI34.
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.Other Information on Investing in HALI34 Stock
HALI34 financial ratios help investors to determine whether HALI34 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 HALI34 with respect to the benefits of owning HALI34 security.