Hamilton Backtesting

<div class='circular--portrait' style='background:#006400;color: #FFE4E1;font-size:4em;padding-top: 25px;;'>HB</div>
HBB -- USA Stock  

Report: 29th of July 2020  

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Hamilton Beach Brands and determine expected loss or profit from investing in Hamilton Beach over given investment horizon. Please check Hamilton Beach Hype Analysis, Hamilton Beach Correlation, Hamilton Beach Valuation, Hamilton Beach Volatility as well as analyze Hamilton Beach Alpha and Beta and Hamilton Beach Performance.

Hamilton Beach 'What if' Analysis

No Change 0.00  0.0 
In 3 months and 1 day
If you would invest  0.00  in Hamilton Beach on April 10, 2020 and sell it all today you would earn a total of 0.00 from holding Hamilton Beach Brands or generate 0.0% return on investment in Hamilton Beach over 90 days. Hamilton Beach is related to or competes with LG Display, Emerson Radio, Mohawk Group, GoPro, Turtle Beach, and IRobot. Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric ...

Hamilton Beach Upside/Downside Indicators

Downside Deviation5.14
Information Ratio0.0874
Maximum Drawdown30.4
Value At Risk(8.01)
Potential Upside12.36

Hamilton Beach Market Premium Indicators

Risk Adjusted Performance0.2155
Jensen Alpha0.4574
Total Risk Alpha0.1637
Sortino Ratio0.1098
Treynor Ratio0.4321

Hamilton Beach Brands Backtested Returns

Hamilton Beach appears to be slightly risky, given 3 months investment horizon. Hamilton Beach Brands holds Efficiency (Sharpe) Ratio of 0.0457, which attests that the entity had 0.0457% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Hamilton Beach Brands, which you can use to evaluate future volatility of the firm. Please utilize Hamilton Beach downside deviation of 5.14, market risk adjusted performance of 0.4421, and risk adjusted performance of 0.2155 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hamilton Beach holds a performance score of 3. The company retains a Market Volatility (i.e. Beta) of 1.6757, which attests to somewhat significant risk relative to the market. Let's try to break down what Hamilton's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hamilton Beach will likely underperform. Although it is vital to follow to Hamilton Beach Brands current price history, it is good to be conservative about what you can do with the information regarding equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Hamilton Beach Brands technical indicators, you can presently evaluate if the expected return of 0.27% will be sustainable into the future. Please utilizes Hamilton Beach maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside to make a quick decision on whether Hamilton Beach Brands current trending patterns will revert.
AdviceVolatility TrendExposureCorrelations
15 days auto-correlation 0.10 
correlation synergy

Insignificant predictability

Hamilton Beach Brands has insignificant predictability. Overlapping area represents the amount of predictability between Hamilton Beach time series from 10th of April 2020 to 25th of May 2020 and 25th of May 2020 to 9th of July 2020. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hamilton Beach Brands price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Hamilton Beach price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test-0.06
Residual Average0.0
Price Variance0.47

Hamilton Beach Brands lagged returns against current returns

 Current and Lagged Values 

Hamilton Beach regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Hamilton Beach Lagged Returns

 Regressed Prices 

Current Sentiment - HBB

Hamilton Beach Brands Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in Hamilton Beach Brands. What is your judgment towards investing in Hamilton Beach Brands? Are you bullish or bearish?
50% Bullish
50% Bearish

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Hamilton Beach Hype Analysis, Hamilton Beach Correlation, Hamilton Beach Valuation, Hamilton Beach Volatility as well as analyze Hamilton Beach Alpha and Beta and Hamilton Beach Performance. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page