High Co (France) Market Value
| HCO Stock | EUR 2.50 0.02 0.79% |
| Symbol | High |
High Co '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 High Co'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 High Co.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in High Co on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding High Co SA or generate 0.0% return on investment in High Co over 30 days. High Co is related to or competes with Kaufman Et, Linedata Services, Diagnostic Medical, Marie Brizard, Affluent Medical, and Fill Up. SA offers marketing solutions for various brands and stores worldwide More
High Co 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 High Co'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 High Co SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 4.6 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.98 |
High Co Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for High Co's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as High Co's standard deviation. In reality, there are many statistical measures that can use High Co historical prices to predict the future High Co's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 1.22 |
High Co SA Backtested Returns
High Co SA holds Efficiency (Sharpe) Ratio of -0.0428, which attests that the entity had a -0.0428% return per unit of risk over the last 3 months. High Co SA exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out High Co's Market Risk Adjusted Performance of 1.23, standard deviation of 1.12, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0519, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning High Co are expected to decrease at a much lower rate. During the bear market, High Co is likely to outperform the market. At this point, High Co SA has a negative expected return of -0.0488%. Please make sure to check out High Co's jensen alpha, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if High Co SA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.3 |
Weak reverse predictability
High Co SA has weak reverse predictability. Overlapping area represents the amount of predictability between High Co time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 High Co SA price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current High Co price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
High Co SA lagged returns against current returns
Autocorrelation, which is High Co 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 High Co's stock expected returns. We can calculate the autocorrelation of High Co returns to help us make a trade decision. For example, suppose you find that High Co 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 |
High Co 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 High Co stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if High Co stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in High Co stock over time.
Current vs Lagged Prices |
| Timeline |
High Co Lagged Returns
When evaluating High Co's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of High Co stock have on its future price. High Co 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, High Co autocorrelation shows the relationship between High Co stock current value and its past values and can show if there is a momentum factor associated with investing in High Co SA.
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 High Stock
High Co financial ratios help investors to determine whether High 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 High with respect to the benefits of owning High Co security.