HOCHSCHILD MINING (Germany) Market Value
| H3M Stock | EUR 2.54 0.02 0.78% |
| Symbol | HOCHSCHILD |
HOCHSCHILD MINING '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 HOCHSCHILD MINING'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 HOCHSCHILD MINING.
| 06/27/2024 |
| 12/24/2024 |
If you would invest 0.00 in HOCHSCHILD MINING on June 27, 2024 and sell it all today you would earn a total of 0.00 from holding HOCHSCHILD MINING or generate 0.0% return on investment in HOCHSCHILD MINING over 180 days. HOCHSCHILD MINING is related to or competes with Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. More
HOCHSCHILD MINING 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 HOCHSCHILD MINING'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 HOCHSCHILD MINING upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.0857 | |||
| Maximum Drawdown | 18.2 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 5.82 |
HOCHSCHILD MINING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HOCHSCHILD MINING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HOCHSCHILD MINING's standard deviation. In reality, there are many statistical measures that can use HOCHSCHILD MINING historical prices to predict the future HOCHSCHILD MINING's volatility.| Risk Adjusted Performance | 0.0831 | |||
| Jensen Alpha | 0.3229 | |||
| Total Risk Alpha | 0.2218 | |||
| Sortino Ratio | 0.0885 | |||
| Treynor Ratio | 4.33 |
HOCHSCHILD MINING Backtested Returns
HOCHSCHILD MINING appears to be very risky, given 3 months investment horizon. HOCHSCHILD MINING retains Efficiency (Sharpe Ratio) of 0.0905, which attests that the entity had a 0.0905% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for HOCHSCHILD MINING, which you can use to evaluate the volatility of the firm. Please utilize HOCHSCHILD MINING's Semi Deviation of 3.13, downside deviation of 3.41, and Market Risk Adjusted Performance of 4.34 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HOCHSCHILD MINING holds a performance score of 7. The company owns a Beta (Systematic Risk) of 0.0749, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HOCHSCHILD MINING's returns are expected to increase less than the market. However, during the bear market, the loss of holding HOCHSCHILD MINING is expected to be smaller as well. Please check HOCHSCHILD MINING's mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether HOCHSCHILD MINING's current price history will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
HOCHSCHILD MINING has poor reverse predictability. Overlapping area represents the amount of predictability between HOCHSCHILD MINING time series from 27th of June 2024 to 25th of September 2024 and 25th of September 2024 to 24th 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 HOCHSCHILD MINING price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current HOCHSCHILD MINING price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
HOCHSCHILD MINING lagged returns against current returns
Autocorrelation, which is HOCHSCHILD MINING 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 HOCHSCHILD MINING's stock expected returns. We can calculate the autocorrelation of HOCHSCHILD MINING returns to help us make a trade decision. For example, suppose you find that HOCHSCHILD MINING 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 |
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HOCHSCHILD MINING 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 HOCHSCHILD MINING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HOCHSCHILD MINING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HOCHSCHILD MINING stock over time.
Current vs Lagged Prices |
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HOCHSCHILD MINING Lagged Returns
When evaluating HOCHSCHILD MINING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HOCHSCHILD MINING stock have on its future price. HOCHSCHILD MINING 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, HOCHSCHILD MINING autocorrelation shows the relationship between HOCHSCHILD MINING stock current value and its past values and can show if there is a momentum factor associated with investing in HOCHSCHILD MINING.
Regressed Prices |
| Timeline |
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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 HOCHSCHILD Stock
HOCHSCHILD MINING financial ratios help investors to determine whether HOCHSCHILD 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 HOCHSCHILD with respect to the benefits of owning HOCHSCHILD MINING security.