Totally Hip Technologies Stock Market Value
| THP Stock | CAD 0.08 0.08 50.00% |
| Symbol | Totally |
Totally Hip '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 Totally Hip'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 Totally Hip.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Totally Hip on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Totally Hip Technologies or generate 0.0% return on investment in Totally Hip over 90 days. Totally Hip is related to or competes with Brompton Lifeco, North American, Prime Dividend, and Financial. Totally Hip Technologies Inc. does not have significant operations More
Totally Hip 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 Totally Hip'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 Totally Hip Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) |
Totally Hip Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Totally Hip's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Totally Hip's standard deviation. In reality, there are many statistical measures that can use Totally Hip historical prices to predict the future Totally Hip's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.83) | |||
| Total Risk Alpha | (1.74) | |||
| Treynor Ratio | (1.49) |
Totally Hip Technologies Backtested Returns
Totally Hip Technologies owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.13, which indicates the firm had a -0.13% return per unit of risk over the last 3 months. Totally Hip Technologies exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Totally Hip's Variance of 37.88, risk adjusted performance of (0.08), and Coefficient Of Variation of (812.40) to confirm the risk estimate we provide. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Totally Hip's returns are expected to increase less than the market. However, during the bear market, the loss of holding Totally Hip is expected to be smaller as well. At this point, Totally Hip Technologies has a negative expected return of -0.79%. Please make sure to validate Totally Hip's variance, as well as the relationship between the kurtosis and day typical price , to decide if Totally Hip Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Totally Hip Technologies has no correlation between past and present. Overlapping area represents the amount of predictability between Totally Hip time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Totally Hip Technologies price movement. The serial correlation of 0.0 indicates that just 0.0% of current Totally Hip price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Totally Hip Technologies lagged returns against current returns
Autocorrelation, which is Totally Hip 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 Totally Hip's stock expected returns. We can calculate the autocorrelation of Totally Hip returns to help us make a trade decision. For example, suppose you find that Totally Hip 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 |
Totally Hip 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 Totally Hip stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Totally Hip stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Totally Hip stock over time.
Current vs Lagged Prices |
| Timeline |
Totally Hip Lagged Returns
When evaluating Totally Hip's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Totally Hip stock have on its future price. Totally Hip 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, Totally Hip autocorrelation shows the relationship between Totally Hip stock current value and its past values and can show if there is a momentum factor associated with investing in Totally Hip Technologies.
Regressed Prices |
| Timeline |
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Additional Tools for Totally Stock Analysis
When running Totally Hip's price analysis, check to measure Totally Hip'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 Totally Hip is operating at the current time. Most of Totally Hip's value examination focuses on studying past and present price action to predict the probability of Totally Hip's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Totally Hip's price. Additionally, you may evaluate how the addition of Totally Hip to your portfolios can decrease your overall portfolio volatility.