Hess Corporation Stock Market Value
| HES Stock | USD 148.65 0.67 0.45% |
| Symbol | Hess |
Hess Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hess. If investors know Hess will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hess listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 1.813 | Earnings Share 8.58 | Revenue Per Share 40.652 | Quarterly Revenue Growth 0.133 |
The market value of Hess is measured differently than its book value, which is the value of Hess that is recorded on the company's balance sheet. Investors also form their own opinion of Hess' value that differs from its market value or its book value, called intrinsic value, which is Hess' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hess' market value can be influenced by many factors that don't directly affect Hess' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hess' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hess is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hess' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Hess '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 Hess' 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 Hess.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Hess on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Hess Corporation or generate 0.0% return on investment in Hess over 720 days. Hess is related to or competes with Diamondback Energy, ConocoPhillips, APA, Marathon Oil, EOG Resources, Devon Energy, and Antero Resources. Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells ... More
Hess 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 Hess' 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 Hess Corporation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.0226 | |||
| Maximum Drawdown | 5.16 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 2.25 |
Hess Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hess' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hess' standard deviation. In reality, there are many statistical measures that can use Hess historical prices to predict the future Hess' volatility.| Risk Adjusted Performance | 0.0877 | |||
| Jensen Alpha | 0.0495 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0205 | |||
| Treynor Ratio | 0.1623 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hess' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hess Backtested Returns
Currently, Hess Corporation is very steady. Hess holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hess, which you can use to evaluate the volatility of the firm. Please check out Hess' Market Risk Adjusted Performance of 0.1723, downside deviation of 1.38, and Risk Adjusted Performance of 0.0877 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Hess has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hess' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hess is expected to be smaller as well. Hess right now retains a risk of 1.26%. Please check out Hess value at risk, as well as the relationship between the skewness and day median price , to decide if Hess will be following its current trending patterns.
Auto-correlation | -0.53 |
Good reverse predictability
Hess Corporation has good reverse predictability. Overlapping area represents the amount of predictability between Hess time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hess price movement. The serial correlation of -0.53 indicates that about 53.0% of current Hess price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 60.53 |
Hess lagged returns against current returns
Autocorrelation, which is Hess 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 Hess' stock expected returns. We can calculate the autocorrelation of Hess returns to help us make a trade decision. For example, suppose you find that Hess 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 |
Hess 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 Hess stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hess stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hess stock over time.
Current vs Lagged Prices |
| Timeline |
Hess Lagged Returns
When evaluating Hess' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hess stock have on its future price. Hess 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, Hess autocorrelation shows the relationship between Hess stock current value and its past values and can show if there is a momentum factor associated with investing in Hess Corporation.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hess Stock Analysis
When running Hess' price analysis, check to measure Hess' 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 Hess is operating at the current time. Most of Hess' value examination focuses on studying past and present price action to predict the probability of Hess' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hess' price. Additionally, you may evaluate how the addition of Hess to your portfolios can decrease your overall portfolio volatility.