Hammond Intangible Assets from 2010 to 2026
| HPS-A Stock | CAD 200.21 0.33 0.16% |
Intangible Assets | First Reported 2008-06-30 | Previous Quarter 12.4 M | Current Value 12.3 M | Quarterly Volatility 3.6 M |
Check Hammond Power financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hammond Power's main balance sheet or income statement drivers, such as Depreciation And Amortization of 17.5 M, Total Revenue of 951.9 M or Gross Profit of 311.9 M, as well as many indicators such as Price To Sales Ratio of 1.83, Dividend Yield of 0.0065 or PTB Ratio of 4.68. Hammond financial statements analysis is a perfect complement when working with Hammond Power Valuation or Volatility modules.
Hammond | Intangible Assets |
The evolution of Intangible Assets for Hammond Power Solutions provides essential context for understanding the company's financial health trajectory. By analyzing this metric's behavior over time, investors can assess whether recent trends align with long-term patterns, and how Hammond Power compares to historical norms and industry peers.
Latest Hammond Power's Intangible Assets Growth Pattern
Below is the plot of the Intangible Assets of Hammond Power Solutions over the last few years. It is non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value. Hammond Power's Intangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hammond Power's overall financial position and show how it may be relating to other accounts over time.
| Intangible Assets | 10 Years Trend |
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Intangible Assets |
| Timeline |
Hammond Intangible Assets Regression Statistics
| Arithmetic Mean | 10,340,641 | |
| Geometric Mean | 9,719,015 | |
| Coefficient Of Variation | 34.61 | |
| Mean Deviation | 3,074,086 | |
| Median | 10,503,000 | |
| Standard Deviation | 3,579,114 | |
| Sample Variance | 12.8T | |
| Range | 10.9M | |
| R-Value | 0.04 | |
| Mean Square Error | 13.6T | |
| R-Squared | 0 | |
| Significance | 0.88 | |
| Slope | 28,676 | |
| Total Sum of Squares | 205T |
Hammond Intangible Assets History
About Hammond Power Financial Statements
Hammond Power shareholders use historical fundamental indicators, such as Intangible Assets, to determine how well the company is positioned to perform in the future. Although Hammond Power investors may analyze each financial statement separately, they are all interrelated. The changes in Hammond Power's assets and liabilities, for example, are also reflected in the revenues and expenses on on Hammond Power'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 | ||
| Intangible Assets | 15.8 M | 10.3 M |
Pair Trading with Hammond Power
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 Hammond Power 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 Hammond Power will appreciate offsetting losses from the drop in the long position's value.Moving against Hammond Stock
| 0.83 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.83 | MSFT | Microsoft CDR | PairCorr |
| 0.73 | AMZN | Amazon CDR | PairCorr |
| 0.73 | AMZN | Amazon CDR | PairCorr |
| 0.49 | CVO | Coveo Solutions | PairCorr |
The ability to find closely correlated positions to Hammond Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hammond Power 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 Hammond Power - 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 Hammond Power Solutions to buy it.
The correlation of Hammond Power 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 Hammond Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hammond Power Solutions 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 Hammond Power 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 Hammond Stock Analysis
When running Hammond Power's price analysis, check to measure Hammond Power'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 Power is operating at the current time. Most of Hammond Power's value examination focuses on studying past and present price action to predict the probability of Hammond Power'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 Power's price. Additionally, you may evaluate how the addition of Hammond Power to your portfolios can decrease your overall portfolio volatility.