Hongli Return On Equity from 2010 to 2024
| HLP Stock | 1.25 0.01 0.79% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.04096742 | Current Value 0.0389 | Quarterly Volatility 0.13065533 |
Check Hongli Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hongli Group's main balance sheet or income statement drivers, such as Tax Provision of 64.4 K, Depreciation And Amortization of 810.1 K or Interest Expense of 451.7 K, as well as many indicators such as Price To Sales Ratio of 1.17, Dividend Yield of 0.0 or PTB Ratio of 0.89. Hongli financial statements analysis is a perfect complement when working with Hongli Group Valuation or Volatility modules.
Hongli | Return On Equity |
Latest Hongli Group's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Hongli Group Ordinary over the last few years. Return on Equity is the amount of Hongli Group Ordinary net income returned as a percentage of Hongli Group equity. Return on equity measures Hongli Group profitability by revealing how much profit Hongli Group Ordinary generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Hongli Group's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hongli Group's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -0.0889 | 10 Years Trend |
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Return On Equity |
| Timeline |
Hongli Return On Equity Regression Statistics
| Arithmetic Mean | 0.33 | |
| Geometric Mean | 0.27 | |
| Coefficient Of Variation | 39.85 | |
| Mean Deviation | 0.10 | |
| Median | 0.40 | |
| Standard Deviation | 0.13 | |
| Sample Variance | 0.02 | |
| Range | 0.3651 | |
| R-Value | (0.79) | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.63 | |
| Significance | 0.0004 | |
| Slope | (0.02) | |
| Total Sum of Squares | 0.24 |
Hongli Return On Equity History
About Hongli Group Financial Statements
Hongli Group shareholders use historical fundamental indicators, such as Return On Equity, to determine how well the company is positioned to perform in the future. Although Hongli Group investors may analyze each financial statement separately, they are all interrelated. The changes in Hongli Group's assets and liabilities, for example, are also reflected in the revenues and expenses on on Hongli Group's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 0.04 | 0.04 |
Pair Trading with Hongli Group
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 Hongli Group 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 Hongli Group will appreciate offsetting losses from the drop in the long position's value.Moving against Hongli Stock
| 0.86 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | AUST | Austin Gold Corp | PairCorr |
| 0.75 | AG | First Majestic Silver | PairCorr |
| 0.73 | CENX | Century Aluminum | PairCorr |
| 0.55 | GROY | Gold Royalty Corp | PairCorr |
The ability to find closely correlated positions to Hongli Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hongli Group 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 Hongli Group - 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 Hongli Group Ordinary to buy it.
The correlation of Hongli Group 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 Hongli Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hongli Group Ordinary 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 Hongli Group 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.Additional Tools for Hongli Stock Analysis
When running Hongli Group's price analysis, check to measure Hongli Group'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 Hongli Group is operating at the current time. Most of Hongli Group's value examination focuses on studying past and present price action to predict the probability of Hongli Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hongli Group's price. Additionally, you may evaluate how the addition of Hongli Group to your portfolios can decrease your overall portfolio volatility.