Hammond Manufacturing Stock Market Value
| HMM-A Stock | CAD 11.52 0.09 0.78% |
| Symbol | Hammond |
Hammond Manufacturing '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 Hammond Manufacturing'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 Hammond Manufacturing.
| 09/13/2025 |
| 12/12/2025 |
If you would invest 0.00 in Hammond Manufacturing on September 13, 2025 and sell it all today you would earn a total of 0.00 from holding Hammond Manufacturing or generate 0.0% return on investment in Hammond Manufacturing over 90 days. Hammond Manufacturing is related to or competes with Data Communications, Decisive Dividend, Tantalus Systems, Legend Power, DIRTT Environmental, and Titanium Transportation. Hammond Manufacturing Company Limited, together with its subsidiaries, designs, manufactures, and sells electrical and e... More
Hammond Manufacturing 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 Hammond Manufacturing'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 Hammond Manufacturing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | 0.097 | |||
| Maximum Drawdown | 11.27 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 4.05 |
Hammond Manufacturing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hammond Manufacturing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hammond Manufacturing's standard deviation. In reality, there are many statistical measures that can use Hammond Manufacturing historical prices to predict the future Hammond Manufacturing's volatility.| Risk Adjusted Performance | 0.1135 | |||
| Jensen Alpha | 0.272 | |||
| Total Risk Alpha | 0.0211 | |||
| Sortino Ratio | 0.0947 | |||
| Treynor Ratio | 1.59 |
Hammond Manufacturing Backtested Returns
Hammond Manufacturing appears to be not too volatile, given 3 months investment horizon. Hammond Manufacturing holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hammond Manufacturing, which you can use to evaluate the volatility of the firm. Please utilize Hammond Manufacturing's Market Risk Adjusted Performance of 1.6, risk adjusted performance of 0.1135, and Downside Deviation of 2.04 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hammond Manufacturing holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hammond Manufacturing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hammond Manufacturing is expected to be smaller as well. Please check Hammond Manufacturing's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Hammond Manufacturing's current trending patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Hammond Manufacturing has very weak predictability. Overlapping area represents the amount of predictability between Hammond Manufacturing time series from 13th of September 2025 to 28th of October 2025 and 28th of October 2025 to 12th of December 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 Hammond Manufacturing price movement. The serial correlation of 0.17 indicates that over 17.0% of current Hammond Manufacturing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Hammond Manufacturing lagged returns against current returns
Autocorrelation, which is Hammond Manufacturing 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 Hammond Manufacturing's stock expected returns. We can calculate the autocorrelation of Hammond Manufacturing returns to help us make a trade decision. For example, suppose you find that Hammond Manufacturing 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 |
Hammond Manufacturing 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 Hammond Manufacturing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hammond Manufacturing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hammond Manufacturing stock over time.
Current vs Lagged Prices |
| Timeline |
Hammond Manufacturing Lagged Returns
When evaluating Hammond Manufacturing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hammond Manufacturing stock have on its future price. Hammond Manufacturing 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, Hammond Manufacturing autocorrelation shows the relationship between Hammond Manufacturing stock current value and its past values and can show if there is a momentum factor associated with investing in Hammond Manufacturing.
Regressed Prices |
| Timeline |
Additional Tools for Hammond Stock Analysis
When running Hammond Manufacturing's price analysis, check to measure Hammond Manufacturing'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 Hammond Manufacturing is operating at the current time. Most of Hammond Manufacturing's value examination focuses on studying past and present price action to predict the probability of Hammond Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammond Manufacturing's price. Additionally, you may evaluate how the addition of Hammond Manufacturing to your portfolios can decrease your overall portfolio volatility.