Highway Operating Cycle from 2010 to 2026
| HIHO Stock | USD 0.92 0.12 11.54% |
Operating Cycle | First Reported 2010-12-31 | Previous Quarter 155.21 | Current Value 148.04 | Quarterly Volatility 27.6678127 |
Check Highway Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Highway Holdings' main balance sheet or income statement drivers, such as Depreciation And Amortization of 609.2 K, Interest Expense of 243.9 K or Total Revenue of 6.3 M, as well as many indicators such as Price To Sales Ratio of 1.04, Dividend Yield of 0.0438 or PTB Ratio of 0.74. Highway financial statements analysis is a perfect complement when working with Highway Holdings Valuation or Volatility modules.
Highway | Operating Cycle | Build AI portfolio with Highway Stock |
Evaluating Highway Holdings's Operating Cycle across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Highway Holdings Limited's fundamental strength.
Latest Highway Holdings' Operating Cycle Growth Pattern
Below is the plot of the Operating Cycle of Highway Holdings Limited over the last few years. It is Highway Holdings' Operating Cycle historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Highway Holdings' overall financial position and show how it may be relating to other accounts over time.
| Operating Cycle | 10 Years Trend |
|
Operating Cycle |
| Timeline |
Highway Operating Cycle Regression Statistics
| Arithmetic Mean | 134.35 | |
| Geometric Mean | 131.66 | |
| Coefficient Of Variation | 20.59 | |
| Mean Deviation | 20.75 | |
| Median | 131.45 | |
| Standard Deviation | 27.67 | |
| Sample Variance | 765.51 | |
| Range | 106 | |
| R-Value | 0.62 | |
| Mean Square Error | 505.91 | |
| R-Squared | 0.38 | |
| Significance | 0.01 | |
| Slope | 3.38 | |
| Total Sum of Squares | 12,248 |
Highway Operating Cycle History
About Highway Holdings Financial Statements
Highway Holdings investors utilize fundamental indicators, such as Operating Cycle, to predict how Highway Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Operating Cycle | 155.21 | 148.04 |
Pair Trading with Highway Holdings
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 Highway Holdings 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 Highway Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Highway Stock
| 0.67 | DCI | Donaldson | PairCorr |
| 0.61 | PH | Parker Hannifin | PairCorr |
| 0.58 | HI | Hillenbrand | PairCorr |
| 0.57 | DOV | Dover | PairCorr |
| 0.53 | RFG | Roebuck Food Group | PairCorr |
The ability to find closely correlated positions to Highway Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Highway Holdings 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 Highway Holdings - 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 Highway Holdings Limited to buy it.
The correlation of Highway Holdings 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 Highway Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Highway Holdings 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 Highway Holdings 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.Check out the analysis of Highway Holdings Correlation against competitors. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Will Industrial Machinery & Supplies & Components sector continue expanding? Could Highway diversify its offerings? Factors like these will boost the valuation of Highway Holdings. Market participants price Highway higher when confident in its future expansion prospects. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Highway Holdings data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.50) | Earnings Share 0.02 | Revenue Per Share | Quarterly Revenue Growth (0.18) | Return On Assets |
The market value of Highway Holdings is measured differently than its book value, which is the value of Highway that is recorded on the company's balance sheet. Investors also form their own opinion of Highway Holdings' value that differs from its market value or its book value, called intrinsic value, which is Highway Holdings' true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Highway Holdings' market value can be influenced by many factors that don't directly affect Highway Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Highway Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Highway Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Highway Holdings' quoted price indicates the marketplace figure where supply meets demand through bilateral consent.