Haynes International Stock Price To Book
| HAYNDelisted Stock | USD 60.99 0.02 0.03% |
Haynes International fundamentals help investors to digest information that contributes to Haynes International's financial success or failures. It also enables traders to predict the movement of Haynes Stock. The fundamental analysis module provides a way to measure Haynes International's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Haynes International stock.
Haynes |
Haynes International Company Price To Book Analysis
Haynes International's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Haynes International Price To Book | 1.72 X |
Most of Haynes International's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Haynes International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Based on the latest financial disclosure, Haynes International has a Price To Book of 1.7244 times. This is 70.77% lower than that of the Metals & Mining sector and 12.47% lower than that of the Materials industry. The price to book for all United States stocks is 81.87% higher than that of the company.
Haynes Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Haynes International's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Haynes International could also be used in its relative valuation, which is a method of valuing Haynes International by comparing valuation metrics of similar companies.Haynes International is currently under evaluation in price to book category among its peers.
Haynes Fundamentals
| Return On Equity | 0.0867 | ||||
| Return On Asset | 0.0489 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 859.53 M | ||||
| Shares Outstanding | 12.79 M | ||||
| Shares Owned By Insiders | 2.29 % | ||||
| Shares Owned By Institutions | 97.71 % | ||||
| Number Of Shares Shorted | 619.84 K | ||||
| Price To Earning | 14.97 X | ||||
| Price To Book | 1.72 X | ||||
| Price To Sales | 1.27 X | ||||
| Revenue | 589.96 M | ||||
| Gross Profit | 106.33 M | ||||
| EBITDA | 78.07 M | ||||
| Net Income | 41.98 M | ||||
| Cash And Equivalents | 9.44 M | ||||
| Cash Per Share | 0.76 X | ||||
| Total Debt | 115.51 M | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 3.16 X | ||||
| Book Value Per Share | 35.62 X | ||||
| Cash Flow From Operations | (16.72 M) | ||||
| Short Ratio | 4.54 X | ||||
| Earnings Per Share | 2.90 X | ||||
| Price To Earnings To Growth | 0.77 X | ||||
| Target Price | 61.0 | ||||
| Number Of Employees | 1.25 K | ||||
| Beta | 1.39 | ||||
| Market Capitalization | 779.76 M | ||||
| Total Asset | 706.28 M | ||||
| Retained Earnings | 165.82 M | ||||
| Working Capital | 462.38 M | ||||
| Current Asset | 366.26 M | ||||
| Current Liabilities | 55.39 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 2.88 % | ||||
| Net Asset | 706.28 M | ||||
| Last Dividend Paid | 0.88 |
About Haynes International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Haynes International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Haynes International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Haynes International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Haynes International
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 Haynes International 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 Haynes International will appreciate offsetting losses from the drop in the long position's value.Moving together with Haynes Stock
Moving against Haynes Stock
| 0.71 | ATI | Allegheny Technologies | PairCorr |
| 0.65 | AP | Ampco Pittsburgh | PairCorr |
| 0.58 | WOR | Worthington Industries | PairCorr |
| 0.48 | MEC | Mayville Engineering | PairCorr |
| 0.41 | IIIN | Insteel Industries | PairCorr |
The ability to find closely correlated positions to Haynes International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haynes International 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 Haynes International - 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 Haynes International to buy it.
The correlation of Haynes International 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 Haynes International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haynes International 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 Haynes International 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haynes International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Other Consideration for investing in Haynes Stock
If you are still planning to invest in Haynes International check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Haynes International's history and understand the potential risks before investing.
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |