Hess Midstream Partners Stock Market Value
| HESM Stock | USD 36.78 0.04 0.11% |
| Symbol | Hess |
Hess Midstream Partners Price To Book Ratio
Is Oil & Gas Storage & Transportation 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 Midstream. 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 Midstream 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 0.115 | Dividend Share 2.638 | Earnings Share 2.36 | Revenue Per Share 18.19 | Quarterly Revenue Growth 0.042 |
The market value of Hess Midstream Partners 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 Midstream's value that differs from its market value or its book value, called intrinsic value, which is Hess Midstream's 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 Midstream's market value can be influenced by many factors that don't directly affect Hess Midstream's 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 Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hess Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hess Midstream's 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 Midstream '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 Midstream'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 Hess Midstream.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Hess Midstream on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Hess Midstream Partners or generate 0.0% return on investment in Hess Midstream over 270 days. Hess Midstream is related to or competes with MPLX LP, Western Midstream, Plains All, Antero Midstream, Kinetik Holdings, EnLink Midstream, and Enterprise Products. Hess Midstream LP owns, develops, operates, and acquires midstream assets More
Hess Midstream 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 Midstream'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 Hess Midstream Partners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.41 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.08 |
Hess Midstream Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hess Midstream's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hess Midstream's standard deviation. In reality, there are many statistical measures that can use Hess Midstream historical prices to predict the future Hess Midstream's volatility.| Risk Adjusted Performance | 0.0313 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0732 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hess Midstream's 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 Midstream Partners Backtested Returns
As of now, Hess Stock is very steady. Hess Midstream Partners holds Efficiency (Sharpe) Ratio of 0.0243, which attests that the entity had a 0.0243% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hess Midstream Partners, which you can use to evaluate the volatility of the firm. Please check out Hess Midstream's Market Risk Adjusted Performance of 0.0832, downside deviation of 1.17, and Risk Adjusted Performance of 0.0313 to validate if the risk estimate we provide is consistent with the expected return of 0.0287%. Hess Midstream has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hess Midstream's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hess Midstream is expected to be smaller as well. Hess Midstream Partners right now retains a risk of 1.18%. Please check out Hess Midstream skewness, and the relationship between the value at risk and day median price , to decide if Hess Midstream will be following its current trending patterns.
Auto-correlation | -0.24 |
Weak reverse predictability
Hess Midstream Partners has weak reverse predictability. Overlapping area represents the amount of predictability between Hess Midstream time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Midstream Partners price movement. The serial correlation of -0.24 indicates that over 24.0% of current Hess Midstream price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.7 |
Hess Midstream Partners lagged returns against current returns
Autocorrelation, which is Hess Midstream 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 Midstream's stock expected returns. We can calculate the autocorrelation of Hess Midstream returns to help us make a trade decision. For example, suppose you find that Hess Midstream 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 Midstream 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 Midstream stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hess Midstream stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hess Midstream stock over time.
Current vs Lagged Prices |
| Timeline |
Hess Midstream Lagged Returns
When evaluating Hess Midstream's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hess Midstream stock have on its future price. Hess Midstream 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 Midstream autocorrelation shows the relationship between Hess Midstream stock current value and its past values and can show if there is a momentum factor associated with investing in Hess Midstream Partners.
Regressed Prices |
| Timeline |
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Hess Midstream technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.