Haivision Systems Stock Market Value
| HAI Stock | CAD 4.74 0.01 0.21% |
| Symbol | Haivision |
Haivision Systems Price To Book Ratio
Haivision Systems '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 Haivision Systems' 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 Haivision Systems.
| 09/21/2024 |
| 10/21/2024 |
If you would invest 0.00 in Haivision Systems on September 21, 2024 and sell it all today you would earn a total of 0.00 from holding Haivision Systems or generate 0.0% return on investment in Haivision Systems over 30 days. Haivision Systems is related to or competes with Vitalhub Corp, Propel Holdings, IShares Canadian, European Residential, IShares SPTSX, Harvest Tech, and Dynamic Active. Haivision Systems Inc. provides infrastructure solutions worldwide More
Haivision Systems 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 Haivision Systems' 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 Haivision Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.61 | |||
| Information Ratio | 0.033 | |||
| Maximum Drawdown | 29.17 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 5.61 |
Haivision Systems Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Haivision Systems' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haivision Systems' standard deviation. In reality, there are many statistical measures that can use Haivision Systems historical prices to predict the future Haivision Systems' volatility.| Risk Adjusted Performance | 0.0548 | |||
| Jensen Alpha | 0.1696 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0334 | |||
| Treynor Ratio | 0.4745 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Haivision Systems' 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.
Haivision Systems Backtested Returns
Haivision Systems appears to be relatively risky, given 3 months investment horizon. Haivision Systems holds Efficiency (Sharpe) Ratio of 0.0709, which attests that the entity had a 0.0709% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Haivision Systems, which you can use to evaluate the volatility of the firm. Please utilize Haivision Systems' Downside Deviation of 3.61, market risk adjusted performance of 0.4845, and Risk Adjusted Performance of 0.0548 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Haivision Systems holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Haivision Systems' returns are expected to increase less than the market. However, during the bear market, the loss of holding Haivision Systems is expected to be smaller as well. Please check Haivision Systems' standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Haivision Systems' current trending patterns will revert.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Haivision Systems has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Haivision Systems time series from 21st of September 2024 to 6th of October 2024 and 6th of October 2024 to 21st of October 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 Haivision Systems price movement. The serial correlation of -0.79 indicates that around 79.0% of current Haivision Systems price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Haivision Systems lagged returns against current returns
Autocorrelation, which is Haivision Systems 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 Haivision Systems' stock expected returns. We can calculate the autocorrelation of Haivision Systems returns to help us make a trade decision. For example, suppose you find that Haivision Systems 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 |
Haivision Systems 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 Haivision Systems stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haivision Systems stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haivision Systems stock over time.
Current vs Lagged Prices |
| Timeline |
Haivision Systems Lagged Returns
When evaluating Haivision Systems' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haivision Systems stock have on its future price. Haivision Systems 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, Haivision Systems autocorrelation shows the relationship between Haivision Systems stock current value and its past values and can show if there is a momentum factor associated with investing in Haivision Systems.
Regressed Prices |
| Timeline |
Pair Trading with Haivision Systems
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Haivision Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Haivision Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Haivision Stock
Moving against Haivision Stock
The ability to find closely correlated positions to Haivision Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haivision Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Haivision Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Haivision Systems to buy it.
The correlation of Haivision Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Haivision Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haivision Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Haivision Systems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Haivision Stock
Haivision Systems financial ratios help investors to determine whether Haivision 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 Haivision with respect to the benefits of owning Haivision Systems security.