Hapbee Technologies Stock Market Value
| HAPB Stock | CAD 0.11 0.01 8.33% |
| Symbol | Hapbee |
Hapbee Technologies Price To Book Ratio
Hapbee Technologies '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 Hapbee Technologies' 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 Hapbee Technologies.
| 08/19/2024 |
| 09/18/2024 |
If you would invest 0.00 in Hapbee Technologies on August 19, 2024 and sell it all today you would earn a total of 0.00 from holding Hapbee Technologies or generate 0.0% return on investment in Hapbee Technologies over 30 days. Hapbee Technologies is related to or competes with ESE Entertainment. Hapbee Technologies, Inc., a wearable magnetic field technology company, develops and sells wearable device products More
Hapbee Technologies 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 Hapbee Technologies' 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 Hapbee Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 38.1 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 7.69 |
Hapbee Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hapbee Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hapbee Technologies' standard deviation. In reality, there are many statistical measures that can use Hapbee Technologies historical prices to predict the future Hapbee Technologies' volatility.| Risk Adjusted Performance | 0.004 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hapbee Technologies' 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.
Hapbee Technologies Backtested Returns
Hapbee Technologies holds Efficiency (Sharpe) Ratio of -0.0247, which attests that the entity had a -0.0247% return per unit of risk over the last 3 months. Hapbee Technologies exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hapbee Technologies' Market Risk Adjusted Performance of (0.08), standard deviation of 6.66, and Risk Adjusted Performance of 0.004 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hapbee Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hapbee Technologies is expected to be smaller as well. At this point, Hapbee Technologies has a negative expected return of -0.17%. Please make sure to check out Hapbee Technologies' total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if Hapbee Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Hapbee Technologies has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hapbee Technologies time series from 19th of August 2024 to 3rd of September 2024 and 3rd of September 2024 to 18th of September 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 Hapbee Technologies price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Hapbee Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hapbee Technologies lagged returns against current returns
Autocorrelation, which is Hapbee Technologies 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 Hapbee Technologies' stock expected returns. We can calculate the autocorrelation of Hapbee Technologies returns to help us make a trade decision. For example, suppose you find that Hapbee Technologies 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 |
Hapbee Technologies 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 Hapbee Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hapbee Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hapbee Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Hapbee Technologies Lagged Returns
When evaluating Hapbee Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hapbee Technologies stock have on its future price. Hapbee Technologies 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, Hapbee Technologies autocorrelation shows the relationship between Hapbee Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Hapbee Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hapbee Stock Analysis
When running Hapbee Technologies' price analysis, check to measure Hapbee Technologies' 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 Hapbee Technologies is operating at the current time. Most of Hapbee Technologies' value examination focuses on studying past and present price action to predict the probability of Hapbee Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hapbee Technologies' price. Additionally, you may evaluate how the addition of Hapbee Technologies to your portfolios can decrease your overall portfolio volatility.