Hansen Technologies (Australia) Market Value
| HSN Stock | 5.73 0.08 1.38% |
| Symbol | Hansen |
Hansen Technologies '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 Hansen Technologies' 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 Hansen Technologies.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Hansen Technologies on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hansen Technologies or generate 0.0% return on investment in Hansen Technologies over 180 days. Hansen Technologies is related to or competes with Commonwealth Bank, Commonwealth Bank, Champion Iron, IShares Global, Peel Mining, Perpetual Credit, and Talisman Mining. Hansen Technologies is entity of Australia More
Hansen Technologies 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 Hansen Technologies' 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 Hansen Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.216 | |||
| Maximum Drawdown | 8.85 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 3.07 |
Hansen Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hansen Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hansen Technologies' standard deviation. In reality, there are many statistical measures that can use Hansen Technologies historical prices to predict the future Hansen Technologies' volatility.| Risk Adjusted Performance | 0.2388 | |||
| Jensen Alpha | 0.3815 | |||
| Total Risk Alpha | 0.2028 | |||
| Sortino Ratio | 0.2641 | |||
| Treynor Ratio | 0.7599 |
Hansen Technologies Backtested Returns
Hansen Technologies appears to be not too volatile, given 3 months investment horizon. Hansen Technologies holds Efficiency (Sharpe) Ratio of 0.31, which attests that the entity had a 0.31% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hansen Technologies, which you can use to evaluate the volatility of the firm. Please utilize Hansen Technologies' Risk Adjusted Performance of 0.2388, downside deviation of 1.25, and Market Risk Adjusted Performance of 0.7699 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hansen Technologies holds a performance score of 24. The company retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hansen Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hansen Technologies is expected to be smaller as well. Please check Hansen Technologies' total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Hansen Technologies' current trending patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
Hansen Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between Hansen Technologies time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 Hansen Technologies price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Hansen Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Hansen Technologies lagged returns against current returns
Autocorrelation, which is Hansen Technologies 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 Hansen Technologies' stock expected returns. We can calculate the autocorrelation of Hansen Technologies returns to help us make a trade decision. For example, suppose you find that Hansen Technologies 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 |
Hansen Technologies 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 Hansen Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hansen Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hansen Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Hansen Technologies Lagged Returns
When evaluating Hansen Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hansen Technologies stock have on its future price. Hansen Technologies 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, Hansen Technologies autocorrelation shows the relationship between Hansen Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Hansen Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hansen Stock Analysis
When running Hansen Technologies' price analysis, check to measure Hansen Technologies' 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 Hansen Technologies is operating at the current time. Most of Hansen Technologies' value examination focuses on studying past and present price action to predict the probability of Hansen Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hansen Technologies' price. Additionally, you may evaluate how the addition of Hansen Technologies to your portfolios can decrease your overall portfolio volatility.