Heidelbergcement Ag Adr Stock Market Value

HDELY Stock  USD 21.97  0.06  0.27%   
HeidelbergCement's market value is the price at which a share of HeidelbergCement trades on a public exchange. It measures the collective expectations of HeidelbergCement AG ADR investors about its performance. HeidelbergCement is trading at 21.97 as of the 28th of March 2024; that is 0.27 percent increase since the beginning of the trading day. The stock's open price was 21.91.
With this module, you can estimate the performance of a buy and hold strategy of HeidelbergCement AG ADR and determine expected loss or profit from investing in HeidelbergCement over a given investment horizon. Check out HeidelbergCement Correlation, HeidelbergCement Volatility and HeidelbergCement Alpha and Beta module to complement your research on HeidelbergCement.
Symbol

Please note, there is a significant difference between HeidelbergCement's value and its price as these two are different measures arrived at by different means. Investors typically determine if HeidelbergCement is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HeidelbergCement's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

HeidelbergCement '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 HeidelbergCement's pink sheet 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 HeidelbergCement.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in HeidelbergCement on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding HeidelbergCement AG ADR or generate 0.0% return on investment in HeidelbergCement over 30 days. HeidelbergCement is related to or competes with CRH PLC, Martin Marietta, Vulcan Materials, James Hardie, and Murphy USA. HeidelbergCement AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, ... More

HeidelbergCement 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 HeidelbergCement's pink sheet 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 HeidelbergCement AG ADR upside and downside potential and time the market with a certain degree of confidence.

HeidelbergCement Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for HeidelbergCement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HeidelbergCement's standard deviation. In reality, there are many statistical measures that can use HeidelbergCement historical prices to predict the future HeidelbergCement's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HeidelbergCement's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
20.4221.9723.52
Details
Intrinsic
Valuation
LowRealHigh
19.7724.3025.85
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as HeidelbergCement. Your research has to be compared to or analyzed against HeidelbergCement's peers to derive any actionable benefits. When done correctly, HeidelbergCement's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in HeidelbergCement AG ADR.

HeidelbergCement AG ADR Backtested Returns

HeidelbergCement appears to be very steady, given 3 months investment horizon. HeidelbergCement AG ADR holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for HeidelbergCement AG ADR, which you can use to evaluate the volatility of the firm. Please utilize HeidelbergCement's Risk Adjusted Performance of 0.1251, downside deviation of 1.43, and Market Risk Adjusted Performance of 0.4045 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HeidelbergCement holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HeidelbergCement's returns are expected to increase less than the market. However, during the bear market, the loss of holding HeidelbergCement is expected to be smaller as well. Please check HeidelbergCement's sortino ratio, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether HeidelbergCement's current trending patterns will revert.

Auto-correlation

    
  0.66  

Good predictability

HeidelbergCement AG ADR has good predictability. Overlapping area represents the amount of predictability between HeidelbergCement time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 HeidelbergCement AG ADR price movement. The serial correlation of 0.66 indicates that around 66.0% of current HeidelbergCement price fluctuation can be explain by its past prices.
Correlation Coefficient0.66
Spearman Rank Test0.71
Residual Average0.0
Price Variance0.57

HeidelbergCement AG ADR lagged returns against current returns

Autocorrelation, which is HeidelbergCement pink sheet'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 HeidelbergCement's pink sheet expected returns. We can calculate the autocorrelation of HeidelbergCement returns to help us make a trade decision. For example, suppose you find that HeidelbergCement has exhibited high autocorrelation historically, and you observe that the pink sheet 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  

HeidelbergCement 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 HeidelbergCement pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HeidelbergCement pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HeidelbergCement pink sheet over time.
   Current vs Lagged Prices   
       Timeline  

HeidelbergCement Lagged Returns

When evaluating HeidelbergCement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HeidelbergCement pink sheet have on its future price. HeidelbergCement 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, HeidelbergCement autocorrelation shows the relationship between HeidelbergCement pink sheet current value and its past values and can show if there is a momentum factor associated with investing in HeidelbergCement AG ADR.
   Regressed Prices   
       Timeline  

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Check out HeidelbergCement Correlation, HeidelbergCement Volatility and HeidelbergCement Alpha and Beta module to complement your research on HeidelbergCement.
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HeidelbergCement technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of HeidelbergCement technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of HeidelbergCement trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...