Hastings Technology (Australia) Market Value
| HAS Stock | 0.30 0.01 3.23% |
| Symbol | Hastings |
Hastings Technology '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 Hastings Technology'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 Hastings Technology.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Hastings Technology on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Hastings Technology Metals or generate 0.0% return on investment in Hastings Technology over 90 days. Hastings Technology is related to or competes with Technology One, Cleanaway Waste, Spirit Technology, Ras Technology, and Tombador Iron. Hastings Technology is entity of Australia More
Hastings Technology 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 Hastings Technology'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 Hastings Technology Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.24 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 18.57 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 6.67 |
Hastings Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hastings Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hastings Technology's standard deviation. In reality, there are many statistical measures that can use Hastings Technology historical prices to predict the future Hastings Technology's volatility.| Risk Adjusted Performance | 0.0248 | |||
| Jensen Alpha | 0.0998 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.20) |
Hastings Technology Backtested Returns
Hastings Technology holds Efficiency (Sharpe) Ratio of -0.0556, which attests that the entity had a -0.0556 % return per unit of risk over the last 3 months. Hastings Technology exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hastings Technology's Market Risk Adjusted Performance of (0.19), risk adjusted performance of 0.0248, and Downside Deviation of 4.24 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hastings Technology are expected to decrease at a much lower rate. During the bear market, Hastings Technology is likely to outperform the market. At this point, Hastings Technology has a negative expected return of -0.19%. Please make sure to check out Hastings Technology's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Hastings Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.30 |
Below average predictability
Hastings Technology Metals has below average predictability. Overlapping area represents the amount of predictability between Hastings Technology time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hastings Technology price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Hastings Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hastings Technology lagged returns against current returns
Autocorrelation, which is Hastings Technology 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 Hastings Technology's stock expected returns. We can calculate the autocorrelation of Hastings Technology returns to help us make a trade decision. For example, suppose you find that Hastings Technology 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 |
Hastings Technology 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 Hastings Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hastings Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hastings Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Hastings Technology Lagged Returns
When evaluating Hastings Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hastings Technology stock have on its future price. Hastings Technology 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, Hastings Technology autocorrelation shows the relationship between Hastings Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Hastings Technology Metals.
Regressed Prices |
| Timeline |
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Additional Tools for Hastings Stock Analysis
When running Hastings Technology's price analysis, check to measure Hastings Technology'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 Hastings Technology is operating at the current time. Most of Hastings Technology's value examination focuses on studying past and present price action to predict the probability of Hastings Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hastings Technology's price. Additionally, you may evaluate how the addition of Hastings Technology to your portfolios can decrease your overall portfolio volatility.