Helios Technologies Stock Market Value
| HLIO Stock | USD 53.08 0.77 1.47% |
| Symbol | Helios |
Helios Technologies Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Helios Technologies. If investors know Helios 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 Helios Technologies 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 2.206 | Dividend Share 0.36 | Earnings Share 1.13 | Revenue Per Share 24.693 | Quarterly Revenue Growth (0.03) |
The market value of Helios Technologies is measured differently than its book value, which is the value of Helios that is recorded on the company's balance sheet. Investors also form their own opinion of Helios Technologies' value that differs from its market value or its book value, called intrinsic value, which is Helios Technologies' 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 Helios Technologies' market value can be influenced by many factors that don't directly affect Helios Technologies' 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 Helios Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Helios Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Helios Technologies' 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.
Helios Technologies '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 Helios Technologies' 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 Helios Technologies.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Helios Technologies on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Helios Technologies or generate 0.0% return on investment in Helios Technologies over 720 days. Helios Technologies is related to or competes with Enpro Industries, Omega Flex, Luxfer Holdings, Hurco Companies, Enerpac Tool, Gorman Rupp, and Kadant. Helios Technologies, Inc., together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulic... More
Helios Technologies 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 Helios Technologies' 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 Helios Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.0852 | |||
| Maximum Drawdown | 19.4 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 4.35 |
Helios Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Helios Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Helios Technologies' standard deviation. In reality, there are many statistical measures that can use Helios Technologies historical prices to predict the future Helios Technologies' volatility.| Risk Adjusted Performance | 0.1106 | |||
| Jensen Alpha | 0.0598 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1181 | |||
| Treynor Ratio | 0.1461 |
Helios Technologies Backtested Returns
Helios Technologies appears to be very steady, given 3 months investment horizon. Helios Technologies holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Helios Technologies, which you can use to evaluate the volatility of the firm. Please utilize Helios Technologies' Risk Adjusted Performance of 0.1106, downside deviation of 1.9, and Market Risk Adjusted Performance of 0.1561 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Helios Technologies holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 2.36, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Helios Technologies will likely underperform. Please check Helios Technologies' semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Helios Technologies' current trending patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Helios Technologies has good reverse predictability. Overlapping area represents the amount of predictability between Helios Technologies time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Helios Technologies price movement. The serial correlation of -0.52 indicates that about 52.0% of current Helios Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 11.2 |
Helios Technologies lagged returns against current returns
Autocorrelation, which is Helios Technologies 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 Helios Technologies' stock expected returns. We can calculate the autocorrelation of Helios Technologies returns to help us make a trade decision. For example, suppose you find that Helios Technologies 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 |
Helios Technologies 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 Helios Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Helios Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Helios Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Helios Technologies Lagged Returns
When evaluating Helios Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Helios Technologies stock have on its future price. Helios Technologies 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, Helios Technologies autocorrelation shows the relationship between Helios Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Helios Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Helios Technologies
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 Helios Technologies 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 Helios Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Helios Stock
Moving against Helios Stock
| 0.71 | RR | Richtech Robotics Class | PairCorr |
| 0.7 | CVV | CVD Equipment | PairCorr |
| 0.42 | CYD | China Yuchai Interna | PairCorr |
| 0.35 | AOS | Smith AO | PairCorr |
The ability to find closely correlated positions to Helios Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helios Technologies 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 Helios Technologies - 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 Helios Technologies to buy it.
The correlation of Helios Technologies 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 Helios Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helios Technologies 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 Helios Technologies 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.Check out Helios Technologies Correlation, Helios Technologies Volatility and Helios Technologies Alpha and Beta module to complement your research on Helios Technologies. To learn how to invest in Helios Stock, please use our How to Invest in Helios Technologies guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Helios Technologies 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.