Hamilton Backtesting

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HBB -- USA Stock  

Earnings Report: 29th of July 2020  

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Hamilton Beach Brands and determine expected loss or profit from investing in Hamilton Beach over given investment horizon. Please check Hamilton Beach Hype Analysis, Hamilton Beach Correlation, Hamilton Beach Valuation, Hamilton Beach Volatility as well as analyze Hamilton Beach Alpha and Beta and Hamilton Beach Performance.

Hamilton Beach 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in Hamilton Beach on February 29, 2020 and sell it all today you would earn a total of 0.00 from holding Hamilton Beach Brands or generate 0.0% return on investment in Hamilton Beach over 90 days. Hamilton Beach is related to or competes with LG Display, Emerson Radio, Mohawk Group, GoPro, Turtle Beach, and IRobot. Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric ...

Hamilton Beach Upside/Downside Indicators

Information Ratio(0.014584)
Maximum Drawdown50.2
Value At Risk(10.94)
Potential Upside12.36

Hamilton Beach Market Premium Indicators

Risk Adjusted Performance(0.014414)
Jensen Alpha(0.12)
Total Risk Alpha(0.20)
Treynor Ratio(0.05)

Hamilton Beach Brands Backtested Returns

We consider Hamilton Beach moderately volatile. Hamilton Beach Brands holds Efficiency (Sharpe) Ratio of 0.0092, which attests that the entity had 0.0092% of return per unit of risk over the last 3 months. Our philosophy towards determining the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Hamilton Beach Brands, which you can use to evaluate future volatility of the corporation. Please check out Hamilton Beach Risk Adjusted Performance of (0.014414) and Market Risk Adjusted Performance of (0.042144) to validate if the risk estimate we provide is consistent with the expected return of 0.0796%. The company retains a Market Volatility (i.e. Beta) of 0.9661, which attests that Hamilton Beach returns are very sensitive to returns on the market. as market goes up or down, Hamilton Beach is expected to follow. Although it is extremely important to respect Hamilton Beach Brands current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Hamilton Beach Brands technical indicators you can presently evaluate if the expected return of 0.0796% will be sustainable into the future. Hamilton Beach Brands right now retains a risk of 8.62%. Please check out Hamilton Beach Maximum Drawdown, Semi Variance and the relationship between Sortino Ratio and Potential Upside to decide if Hamilton Beach will be following its current trending patterns.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation(0.39) 
correlation synergy

Poor reverse predictability

Hamilton Beach Brands has poor reverse predictability. Overlapping area represents the amount of predictability between Hamilton Beach time series from 29th of February 2020 to 14th of April 2020 and 14th of April 2020 to 29th of May 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hamilton Beach Brands price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Hamilton Beach price fluctuation can be explain by its past prices. Given that Hamilton Beach Brands has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Hamilton Beach for similar time interval.
Correlation Coefficient-0.39
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.99

Hamilton Beach Brands lagged returns against current returns

 Current and Lagged Values 

Hamilton Beach regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Hamilton Beach Lagged Returns

 Regressed Prices 

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Please check Hamilton Beach Hype Analysis, Hamilton Beach Correlation, Hamilton Beach Valuation, Hamilton Beach Volatility as well as analyze Hamilton Beach Alpha and Beta and Hamilton Beach Performance. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page