Hengan International Group Stock Market Value
| HEGIY Stock | USD 14.35 0.09 0.63% |
| Symbol | Hengan |
Hengan International '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 Hengan International's pink sheet 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 Hengan International.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Hengan International on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Hengan International Group or generate 0.0% return on investment in Hengan International over 30 days. Hengan International is related to or competes with Essity AB, Henkel AG, LOral SA, Church Dwight, Henkel Ag, Beiersdorf Aktiengesellscha, and Unicharm Corp. Hengan International Group Company Limited, an investment holding company, manufactures, distributes, and sells personal... More
Hengan International 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 Hengan International's pink sheet 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 Hengan International Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 14.68 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 4.72 |
Hengan International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hengan International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hengan International's standard deviation. In reality, there are many statistical measures that can use Hengan International historical prices to predict the future Hengan International's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 2.7 |
Hengan International Backtested Returns
Hengan International holds Efficiency (Sharpe) Ratio of -0.0149, which attests that the entity had a -0.0149% return per unit of risk over the last 3 months. Hengan International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hengan International's Standard Deviation of 2.39, market risk adjusted performance of 2.71, and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0377, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hengan International are expected to decrease at a much lower rate. During the bear market, Hengan International is likely to outperform the market. At this point, Hengan International has a negative expected return of -0.0358%. Please make sure to check out Hengan International's jensen alpha, skewness, as well as the relationship between the Skewness and day typical price , to decide if Hengan International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Hengan International Group has no correlation between past and present. Overlapping area represents the amount of predictability between Hengan International 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 Hengan International price movement. The serial correlation of 0.0 indicates that just 0.0% of current Hengan International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Hengan International lagged returns against current returns
Autocorrelation, which is Hengan International pink sheet'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 Hengan International's pink sheet expected returns. We can calculate the autocorrelation of Hengan International returns to help us make a trade decision. For example, suppose you find that Hengan International has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Hengan International 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 Hengan International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hengan International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hengan International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hengan International Lagged Returns
When evaluating Hengan International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hengan International pink sheet have on its future price. Hengan International 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, Hengan International autocorrelation shows the relationship between Hengan International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hengan International Group.
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 Hengan Pink Sheet Analysis
When running Hengan International's price analysis, check to measure Hengan International'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 Hengan International is operating at the current time. Most of Hengan International's value examination focuses on studying past and present price action to predict the probability of Hengan International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hengan International's price. Additionally, you may evaluate how the addition of Hengan International to your portfolios can decrease your overall portfolio volatility.