HOKKAIDO (Germany) Market Value


EUR 3.16  0.12  3.66%   

HOKKAIDO's market value is the price at which a share of HOKKAIDO stock trades on a public exchange. It measures the collective expectations of HOKKAIDO EL PWR investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of HOKKAIDO EL PWR and determine expected loss or profit from investing in HOKKAIDO over a given investment horizon. Please continue to HOKKAIDO Correlation, HOKKAIDO Volatility and HOKKAIDO Alpha and Beta module to complement your research on HOKKAIDO.

Please note, there is a significant difference between HOKKAIDO's value and its price as these two are different measures arrived at by different means. Investors typically determine HOKKAIDO value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HOKKAIDO'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.

HOKKAIDO '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 HOKKAIDO'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 HOKKAIDO.
No Change 0.00  0.0 
In 1 year 11 months and 22 days
If you would invest  0.00  in HOKKAIDO on December 7, 2020 and sell it all today you would earn a total of 0.00 from holding HOKKAIDO EL PWR or generate 0.0% return on investment in HOKKAIDO over 720 days. HOKKAIDO is related to or competes with WARNER MUSIC, TICK TRADING, NOVO NORDISK, TEXAS PAC, SOMA GOLD, and AON PLC. Hokkaido Electric Power Company, Incorporated generates, transmits, and distributes electricity in Japan More

HOKKAIDO 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 HOKKAIDO'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 HOKKAIDO EL PWR upside and downside potential and time the market with a certain degree of confidence.

HOKKAIDO Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for HOKKAIDO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HOKKAIDO's standard deviation. In reality, there are many statistical measures that can use HOKKAIDO historical prices to predict the future HOKKAIDO's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of HOKKAIDO'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. Please use the tools below to analyze the current value of HOKKAIDO in the context of predictive analytics.
LowEstimated ValueHigh
LowReal ValueHigh
Please note, it is not enough to conduct a financial or market analysis of a single entity such as HOKKAIDO. Your research has to be compared to or analyzed against HOKKAIDO's peers to derive any actionable benefits. When done correctly, HOKKAIDO's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in HOKKAIDO EL PWR.

HOKKAIDO EL PWR Backtested Returns

HOKKAIDO EL PWR holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had -0.11% of return per unit of risk over the last 3 months. Macroaxis philosophy in determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. HOKKAIDO EL PWR exposes twenty-six different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out HOKKAIDO risk adjusted performance of (0.19), and Market Risk Adjusted Performance of (0.91) to validate the risk estimate we provide.
The company retains a Market Volatility (i.e., Beta) of 0.2795, which attests to not very significant fluctuations relative to the market. Let's try to break down what HOKKAIDO's beta means in this case. As returns on the market increase, HOKKAIDO returns are expected to increase less than the market. However, during the bear market, the loss on holding HOKKAIDO will be expected to be smaller as well. Even though it is essential to pay attention to HOKKAIDO EL PWR current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy in determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. HOKKAIDO EL PWR exposes twenty-six different technical indicators, which can help you to evaluate its performance. HOKKAIDO EL PWR has an expected return of -0.2%. Please be advised to check out HOKKAIDO semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio to decide if HOKKAIDO EL PWR performance from the past will be repeated at future time.



Good reverse predictability

HOKKAIDO EL PWR has good reverse predictability. Overlapping area represents the amount of predictability between HOKKAIDO time series from 7th of December 2020 to 2nd of December 2021 and 2nd of December 2021 to 27th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HOKKAIDO EL PWR price movement. The serial correlation of -0.51 indicates that about 51.0% of current HOKKAIDO price fluctuation can be explain by its past prices.
Correlation Coefficient-0.51
Spearman Rank Test-0.36
Residual Average0.0
Price Variance0.09

HOKKAIDO EL PWR lagged returns against current returns

Autocorrelation, which is HOKKAIDO 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 HOKKAIDO's stock expected returns. We can calculate the autocorrelation of HOKKAIDO returns to help us make a trade decision. For example, suppose you find that HOKKAIDO stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   

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

HOKKAIDO Lagged Returns

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

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 HOKKAIDO 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, HOKKAIDO's short interest history, or implied volatility extrapolated from HOKKAIDO options trading.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Please continue to HOKKAIDO Correlation, HOKKAIDO Volatility and HOKKAIDO Alpha and Beta module to complement your research on HOKKAIDO. You can also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Other Tools for HOKKAIDO Stock

When running HOKKAIDO EL PWR price analysis, check to measure HOKKAIDO'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 HOKKAIDO is operating at the current time. Most of HOKKAIDO's value examination focuses on studying past and present price action to predict the probability of HOKKAIDO's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move HOKKAIDO's price. Additionally, you may evaluate how the addition of HOKKAIDO to your portfolios can decrease your overall portfolio volatility.
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