HAVERTY FURNITURE's market value is the price at which a share of HAVERTY FURNITURE trades on a public exchange. It measures the collective expectations of HAVERTY FURNITURE A investors about its performance. HAVERTY FURNITURE is trading at 20.40 as of the 23rd of January 2025. This is a 0.97% down since the beginning of the trading day. The stock's lowest day price was 20.4. With this module, you can estimate the performance of a buy and hold strategy of HAVERTY FURNITURE A and determine expected loss or profit from investing in HAVERTY FURNITURE over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
HAVERTY
HAVERTY FURNITURE 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to HAVERTY FURNITURE's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of HAVERTY FURNITURE.
0.00
12/24/2024
No Change 0.00
0.0
In 30 days
01/23/2025
0.00
If you would invest 0.00 in HAVERTY FURNITURE on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding HAVERTY FURNITURE A or generate 0.0% return on investment in HAVERTY FURNITURE over 30 days.
HAVERTY FURNITURE Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure HAVERTY FURNITURE's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess HAVERTY FURNITURE A upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for HAVERTY FURNITURE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HAVERTY FURNITURE's standard deviation. In reality, there are many statistical measures that can use HAVERTY FURNITURE historical prices to predict the future HAVERTY FURNITURE's volatility.
HAVERTY FURNITURE holds Efficiency (Sharpe) Ratio of -0.0336, which attests that the company had a -0.0336 % return per unit of volatility over the last 3 months. HAVERTY FURNITURE exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HAVERTY FURNITURE's coefficient of variation of (1,608), and Market Risk Adjusted Performance of (0.94) to validate the risk estimate we provide. The firm retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HAVERTY FURNITURE's returns are expected to increase less than the market. However, during the bear market, the loss of holding HAVERTY FURNITURE is expected to be smaller as well. At this point, HAVERTY FURNITURE has a negative expected return of -0.0937%. Please make sure to check out HAVERTY FURNITURE's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if HAVERTY FURNITURE performance from the past will be repeated in the future.
Auto-correlation
0.16
Very weak predictability
HAVERTY FURNITURE A has very weak predictability. Overlapping area represents the amount of predictability between HAVERTY FURNITURE time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HAVERTY FURNITURE price movement. The serial correlation of 0.16 indicates that over 16.0% of current HAVERTY FURNITURE price fluctuation can be explain by its past prices.
Correlation Coefficient
0.16
Spearman Rank Test
-0.18
Residual Average
0.0
Price Variance
0.01
HAVERTY FURNITURE lagged returns against current returns
Autocorrelation, which is HAVERTY FURNITURE stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting HAVERTY FURNITURE's stock expected returns. We can calculate the autocorrelation of HAVERTY FURNITURE returns to help us make a trade decision. For example, suppose you find that HAVERTY FURNITURE has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
HAVERTY FURNITURE regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If HAVERTY FURNITURE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HAVERTY FURNITURE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HAVERTY FURNITURE stock over time.
Current vs Lagged Prices
Timeline
HAVERTY FURNITURE Lagged Returns
When evaluating HAVERTY FURNITURE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HAVERTY FURNITURE stock have on its future price. HAVERTY FURNITURE autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, HAVERTY FURNITURE autocorrelation shows the relationship between HAVERTY FURNITURE stock current value and its past values and can show if there is a momentum factor associated with investing in HAVERTY FURNITURE A.