HITACHI CONSTRMACHADR/2 (Germany) Market Value
| HCMA Stock | EUR 41.40 0.40 0.98% |
| Symbol | HITACHI |
HITACHI CONSTRMACHADR/2 '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 HITACHI CONSTRMACHADR/2'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 HITACHI CONSTRMACHADR/2.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in HITACHI CONSTRMACHADR/2 on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding HITACHI STRMACHADR2 or generate 0.0% return on investment in HITACHI CONSTRMACHADR/2 over 30 days. HITACHI CONSTRMACHADR/2 is related to or competes with Ultra Clean, WisdomTree Investments, PennantPark Investment, QINGCI GAMES, GAMESTOP, FUTURE GAMING, and Cleanaway Waste. Hitachi Construction Machinery Co., Ltd., together with its subsidiaries, engages in the manufacture, sale, rental, and ... More
HITACHI CONSTRMACHADR/2 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 HITACHI CONSTRMACHADR/2'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 HITACHI STRMACHADR2 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.84 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.03 |
HITACHI CONSTRMACHADR/2 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HITACHI CONSTRMACHADR/2's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HITACHI CONSTRMACHADR/2's standard deviation. In reality, there are many statistical measures that can use HITACHI CONSTRMACHADR/2 historical prices to predict the future HITACHI CONSTRMACHADR/2's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.07) |
HITACHI CONSTRMACHADR/2 Backtested Returns
HITACHI CONSTRMACHADR/2 holds Efficiency (Sharpe) Ratio of -0.0342, which attests that the entity had a -0.0342% return per unit of volatility over the last 3 months. HITACHI CONSTRMACHADR/2 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HITACHI CONSTRMACHADR/2's risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HITACHI CONSTRMACHADR/2's returns are expected to increase less than the market. However, during the bear market, the loss of holding HITACHI CONSTRMACHADR/2 is expected to be smaller as well. At this point, HITACHI CONSTRMACHADR/2 has a negative expected return of -0.0484%. Please make sure to check out HITACHI CONSTRMACHADR/2's skewness, daily balance of power, and the relationship between the potential upside and kurtosis , to decide if HITACHI CONSTRMACHADR/2 performance from the past will be repeated at future time.
Auto-correlation | -0.57 |
Good reverse predictability
HITACHI STRMACHADR2 has good reverse predictability. Overlapping area represents the amount of predictability between HITACHI CONSTRMACHADR/2 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 HITACHI CONSTRMACHADR/2 price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current HITACHI CONSTRMACHADR/2 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
HITACHI CONSTRMACHADR/2 lagged returns against current returns
Autocorrelation, which is HITACHI CONSTRMACHADR/2 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 HITACHI CONSTRMACHADR/2's stock expected returns. We can calculate the autocorrelation of HITACHI CONSTRMACHADR/2 returns to help us make a trade decision. For example, suppose you find that HITACHI CONSTRMACHADR/2 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 |
HITACHI CONSTRMACHADR/2 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 HITACHI CONSTRMACHADR/2 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HITACHI CONSTRMACHADR/2 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HITACHI CONSTRMACHADR/2 stock over time.
Current vs Lagged Prices |
| Timeline |
HITACHI CONSTRMACHADR/2 Lagged Returns
When evaluating HITACHI CONSTRMACHADR/2's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HITACHI CONSTRMACHADR/2 stock have on its future price. HITACHI CONSTRMACHADR/2 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, HITACHI CONSTRMACHADR/2 autocorrelation shows the relationship between HITACHI CONSTRMACHADR/2 stock current value and its past values and can show if there is a momentum factor associated with investing in HITACHI STRMACHADR2.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HITACHI Stock
HITACHI CONSTRMACHADR/2 financial ratios help investors to determine whether HITACHI 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 HITACHI with respect to the benefits of owning HITACHI CONSTRMACHADR/2 security.