HORDS (Ghana) Market Value
| HORDS Stock | 0.10 0.00 0.00% |
| Symbol | HORDS |
HORDS '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 HORDS'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 HORDS.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in HORDS on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding HORDS LTD or generate 0.0% return on investment in HORDS over 30 days.
HORDS 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 HORDS'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 HORDS LTD upside and downside potential and time the market with a certain degree of confidence.
HORDS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HORDS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HORDS's standard deviation. In reality, there are many statistical measures that can use HORDS historical prices to predict the future HORDS's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HORDS's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
HORDS LTD Backtested Returns
We have found three technical indicators for HORDS LTD, which you can use to evaluate the volatility of the firm. The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and HORDS are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
HORDS LTD has perfect predictability. Overlapping area represents the amount of predictability between HORDS time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 HORDS LTD price movement. The serial correlation of 1.0 indicates that 100.0% of current HORDS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HORDS LTD lagged returns against current returns
Autocorrelation, which is HORDS 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 HORDS's stock expected returns. We can calculate the autocorrelation of HORDS returns to help us make a trade decision. For example, suppose you find that HORDS 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 |
HORDS 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 HORDS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HORDS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HORDS stock over time.
Current vs Lagged Prices |
| Timeline |
HORDS Lagged Returns
When evaluating HORDS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HORDS stock have on its future price. HORDS 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, HORDS autocorrelation shows the relationship between HORDS stock current value and its past values and can show if there is a momentum factor associated with investing in HORDS LTD.
Regressed Prices |
| Timeline |