Hermes International Sca Stock Market Value
| HESAF Stock | USD 2,532 64.94 2.63% |
| Symbol | Hermes |
Hermes International '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 Hermes International'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 Hermes International.
| 05/06/2022 |
| 04/25/2024 |
If you would invest 0.00 in Hermes International on May 6, 2022 and sell it all today you would earn a total of 0.00 from holding Hermes International SCA or generate 0.0% return on investment in Hermes International over 720 days. Hermes International is related to or competes with Christian Dior, Burberry Group, Compagnie Financiere, Hermes International, Kering SA, LVMH Moët, and Prada Spa. Herms International Socit en commandite par actions engages in the production, wholesale, and retail of various goods More
Hermes International 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 Hermes International'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 Hermes International SCA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.24 | |||
| Information Ratio | 0.1747 | |||
| Maximum Drawdown | 9.02 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 3.03 |
Hermes International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hermes International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hermes International's standard deviation. In reality, there are many statistical measures that can use Hermes International historical prices to predict the future Hermes International's volatility.| Risk Adjusted Performance | 0.149 | |||
| Jensen Alpha | 0.3608 | |||
| Total Risk Alpha | 0.1589 | |||
| Sortino Ratio | 0.2286 | |||
| Treynor Ratio | 95.03 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hermes International'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.
Hermes International SCA Backtested Returns
Hermes International appears to be very steady, given 3 months investment horizon. Hermes International SCA holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hermes International SCA, which you can use to evaluate the volatility of the firm. Please utilize Hermes International's Downside Deviation of 1.24, risk adjusted performance of 0.149, and Market Risk Adjusted Performance of 95.04 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hermes International holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.0038, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hermes International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hermes International is expected to be smaller as well. Please check Hermes International's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Hermes International's current trending patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Hermes International SCA has good predictability. Overlapping area represents the amount of predictability between Hermes International time series from 6th of May 2022 to 1st of May 2023 and 1st of May 2023 to 25th of April 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 Hermes International SCA price movement. The serial correlation of 0.66 indicates that around 66.0% of current Hermes International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 45.5 K |
Hermes International SCA lagged returns against current returns
Autocorrelation, which is Hermes International 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 Hermes International's pink sheet expected returns. We can calculate the autocorrelation of Hermes International returns to help us make a trade decision. For example, suppose you find that Hermes International 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 |
Hermes International 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 Hermes International pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hermes International pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hermes International pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hermes International Lagged Returns
When evaluating Hermes International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hermes International pink sheet have on its future price. Hermes International 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, Hermes International autocorrelation shows the relationship between Hermes International pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hermes International SCA.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hermes International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hermes International's short interest history, or implied volatility extrapolated from Hermes International options trading.
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Try AI Portfolio ArchitectCheck out Hermes International Correlation, Hermes International Volatility and Hermes International Alpha and Beta module to complement your research on Hermes International. Note that the Hermes International SCA information on this page should be used as a complementary analysis to other Hermes International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Hermes Pink Sheet analysis
When running Hermes International's price analysis, check to measure Hermes International'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 Hermes International is operating at the current time. Most of Hermes International's value examination focuses on studying past and present price action to predict the probability of Hermes International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hermes International's price. Additionally, you may evaluate how the addition of Hermes International to your portfolios can decrease your overall portfolio volatility.
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Hermes International 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.