Hilton Metal (India) Market Value
| HILTON Stock | 83.85 1.29 1.52% |
| Symbol | Hilton |
Hilton Metal '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 Hilton Metal'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 Hilton Metal.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Hilton Metal on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hilton Metal Forging or generate 0.0% return on investment in Hilton Metal over 60 days. Hilton Metal is related to or competes with MIC Electronics, Shivalik Bimetal, General Insurance, MIRC Electronics, SBI Life, Global Education, and Hilton Metal. Hilton Metal is entity of India. It is traded as Stock on NSE exchange. More
Hilton Metal 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 Hilton Metal'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 Hilton Metal Forging upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.25 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 5.09 |
Hilton Metal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hilton Metal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hilton Metal's standard deviation. In reality, there are many statistical measures that can use Hilton Metal historical prices to predict the future Hilton Metal's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.20) |
Hilton Metal Forging Backtested Returns
Hilton Metal Forging holds Efficiency (Sharpe) Ratio of -0.0584, which attests that the entity had a -0.0584% return per unit of risk over the last 3 months. Hilton Metal Forging exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hilton Metal's Standard Deviation of 2.76, market risk adjusted performance of (0.19), and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hilton Metal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hilton Metal is expected to be smaller as well. At this point, Hilton Metal Forging has a negative expected return of -0.14%. Please make sure to check out Hilton Metal's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Hilton Metal Forging performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Hilton Metal Forging has average predictability. Overlapping area represents the amount of predictability between Hilton Metal time series from 30th of September 2024 to 30th of October 2024 and 30th of October 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 Hilton Metal Forging price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Hilton Metal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 10.13 |
Hilton Metal Forging lagged returns against current returns
Autocorrelation, which is Hilton Metal 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 Hilton Metal's stock expected returns. We can calculate the autocorrelation of Hilton Metal returns to help us make a trade decision. For example, suppose you find that Hilton Metal 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 |
Hilton Metal 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 Hilton Metal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hilton Metal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hilton Metal stock over time.
Current vs Lagged Prices |
| Timeline |
Hilton Metal Lagged Returns
When evaluating Hilton Metal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hilton Metal stock have on its future price. Hilton Metal 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, Hilton Metal autocorrelation shows the relationship between Hilton Metal stock current value and its past values and can show if there is a momentum factor associated with investing in Hilton Metal Forging.
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.Other Information on Investing in Hilton Stock
Hilton Metal financial ratios help investors to determine whether Hilton 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 Hilton with respect to the benefits of owning Hilton Metal security.