Hermes International (France) Market Value
| RMS Stock | EUR 2,065 25.00 1.23% |
| Symbol | Hermes |
Hermes 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 Hermes International'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 Hermes International.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Hermes International on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hermes International SCA or generate 0.0% return on investment in Hermes International over 30 days. Hermes International is related to or competes with Kering SA, LVMH Mot, LOreal SA, Christian Dior, and Pernod Ricard. Herms International Socit en commandite par actions engages in the production, wholesale, and retail of various goods More
Hermes 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 Hermes International'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 Hermes International SCA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 13.23 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 3.06 |
Hermes International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hermes International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hermes International's standard deviation. In reality, there are many statistical measures that can use Hermes International historical prices to predict the future Hermes International's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.07) |
Hermes International SCA Backtested Returns
Hermes International SCA holds Efficiency (Sharpe) Ratio of -0.0237, which attests that the entity had a -0.0237% return per unit of risk over the last 3 months. Hermes International SCA exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hermes International's Market Risk Adjusted Performance of (0.06), risk adjusted performance of (0.01), and Standard Deviation of 2.09 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hermes International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hermes International is expected to be smaller as well. At this point, Hermes International SCA has a negative expected return of -0.0498%. Please make sure to check out Hermes International's daily balance of power, and the relationship between the skewness and day typical price , to decide if Hermes International SCA performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Hermes International SCA has poor reverse predictability. Overlapping area represents the amount of predictability between Hermes International 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 Hermes International SCA price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Hermes International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 829.89 |
Hermes International SCA lagged returns against current returns
Autocorrelation, which is Hermes International 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 Hermes International's stock expected returns. We can calculate the autocorrelation of Hermes International returns to help us make a trade decision. For example, suppose you find that Hermes International 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 |
Hermes 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 Hermes International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hermes International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hermes International stock over time.
Current vs Lagged Prices |
| Timeline |
Hermes International Lagged Returns
When evaluating Hermes International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hermes International stock have on its future price. Hermes 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, Hermes International autocorrelation shows the relationship between Hermes International stock current value and its past values and can show if there is a momentum factor associated with investing in Hermes International SCA.
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 Hermes Stock
Hermes International financial ratios help investors to determine whether Hermes 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 Hermes with respect to the benefits of owning Hermes International security.