Hongli Historical Financial Ratios
| HLP Stock | 1.25 0.01 0.79% |
Hongli Group is recently reporting on over 83 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.89 or Days Sales Outstanding of 105 will help investors to properly organize and evaluate Hongli Group Ordinary financial condition quickly.
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About Hongli Financial Ratios Analysis
Hongli Group OrdinaryFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Hongli Group investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Hongli financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Hongli Group history.
Hongli Group Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Hongli Group Ordinary stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Hongli Group sales, a figure that is much harder to manipulate than other Hongli Group Ordinary multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Hongli Group Ordinary dividend as a percentage of Hongli Group stock price. Hongli Group Ordinary dividend yield is a measure of Hongli Group stock productivity, which can be interpreted as interest rate earned on an Hongli Group investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Payables Turnover
A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.Most ratios from Hongli Group's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Hongli Group Ordinary current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hongli Group Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. At this time, Hongli Group's Capex To Operating Cash Flow is relatively stable compared to the past year. As of 11/29/2024, PFCF Ratio is likely to grow to 981.17, while Days Sales Outstanding is likely to drop 105.02.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 101.49 | 139.15 | 150.4 | 105.02 | PTB Ratio | 3.67 | 3.13 | 0.94 | 0.89 |
Hongli Group fundamentals Correlations
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Hongli Group Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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.