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How risky is HarborOne Bancorp after the latest volatility surge?
 | By Rifka Kats | Macroaxis Story |
It looks as if HarborOne Bancorp will continue to recover much faster as its share price surged up 6.87% today. The company's current daily volatility is 3.94 percent, with a beta of 1.64 and an alpha of -0.06 over DOW. As many millenniums are trying to avoid banking, it makes sense to digest HarborOne Bancorp a little further and try to understand its current market patterns. We will analyze why it could be a much better year for HarborOne Bancorp shareholders.
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Reviewed by Vlad Skutelnik
HarborOne Bancorp currently holds roughly 286.78 M in cash with (55.32 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.28. We provide advice to complement the regular expert consensus on HarborOne Bancorp. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time.
Investing in HarborOne Bancorp, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding HarborOne Bancorp along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
How important is HarborOne Bancorp's Liquidity
HarborOne Bancorp financial leverage refers to using borrowed capital as a funding source to finance HarborOne Bancorp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. HarborOne Bancorp financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to HarborOne Bancorp's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of HarborOne Bancorp's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between HarborOne Bancorp's total debt and its cash.
HarborOne Bancorp Gross Profit
HarborOne Bancorp Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing HarborOne Bancorp previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show HarborOne Bancorp Gross Profit growth over the last 10 years. Please check HarborOne Bancorp's gross profit and other fundamental indicators for more details.
HarborOne Bancorp Correlation with Peers
Investors in HarborOne can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in HarborOne Bancorp. Diversification will allow for the same portfolio return with reduced risk. The correlation table of HarborOne Bancorp and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities HarborOne is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of HarborOne for more details
Breaking it down a bit more
HarborOne Bancorp appears to be slightly risky, given 1 month investment horizon. HarborOne Bancorp holds Efficiency (Sharpe) Ratio of 0.0871, which attests that the entity had 0.0871% of return per unit of risk over the last month. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for HarborOne Bancorp, which you can use to evaluate future volatility of the firm. Please utilize HarborOne Bancorp downside deviation of 3.66, risk adjusted performance of 0.1362, and market risk adjusted performance of 0.1812 to validate if our risk estimates are consistent with your expectations.
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