Harmonic Stock Market Value
| HLIT Stock | USD 11.35 0.04 0.35% |
| Symbol | Harmonic |
Harmonic Price To Book Ratio
Is Communications Equipment 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 Harmonic. If investors know Harmonic 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 Harmonic 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 13.465 | Earnings Share 0.73 | Revenue Per Share | Quarterly Revenue Growth 0.539 | Return On Assets |
The market value of Harmonic is measured differently than its book value, which is the value of Harmonic that is recorded on the company's balance sheet. Investors also form their own opinion of Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Harmonic'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 Harmonic's market value can be influenced by many factors that don't directly affect Harmonic'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 Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmonic'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.
Harmonic '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 Harmonic'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 Harmonic.
| 03/12/2023 |
| 01/30/2025 |
If you would invest 0.00 in Harmonic on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Harmonic or generate 0.0% return on investment in Harmonic over 690 days. Harmonic is related to or competes with NETGEAR, Juniper Networks, Digi International, Clearfield, Comtech Telecommunicatio, KVH Industries, and Aviat Networks. Harmonic Inc., together with its subsidiaries, provide video delivery software, products, system solutions, and services... More
Harmonic 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 Harmonic'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 Harmonic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 26.83 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 3.59 |
Harmonic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harmonic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harmonic's standard deviation. In reality, there are many statistical measures that can use Harmonic historical prices to predict the future Harmonic's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.32) |
Harmonic Backtested Returns
Currently, Harmonic is not too volatile. Harmonic holds Efficiency (Sharpe) Ratio of 0.0395, which attests that the entity had a 0.0395 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Harmonic, which you can use to evaluate the volatility of the firm. Please check out Harmonic's Market Risk Adjusted Performance of (0.31), standard deviation of 3.71, and Risk Adjusted Performance of (0.06) to validate if the risk estimate we provide is consistent with the expected return of 0.0773%. Harmonic has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.91, which attests to possible diversification benefits within a given portfolio. Harmonic returns are very sensitive to returns on the market. As the market goes up or down, Harmonic is expected to follow. Harmonic right now retains a risk of 1.96%. Please check out Harmonic total risk alpha, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Harmonic will be following its current trending patterns.
Auto-correlation | -0.66 |
Very good reverse predictability
Harmonic has very good reverse predictability. Overlapping area represents the amount of predictability between Harmonic time series from 12th of March 2023 to 20th of February 2024 and 20th of February 2024 to 30th 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 Harmonic price movement. The serial correlation of -0.66 indicates that around 66.0% of current Harmonic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Harmonic lagged returns against current returns
Autocorrelation, which is Harmonic 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 Harmonic's stock expected returns. We can calculate the autocorrelation of Harmonic returns to help us make a trade decision. For example, suppose you find that Harmonic 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 |
Harmonic 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 Harmonic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harmonic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harmonic stock over time.
Current vs Lagged Prices |
| Timeline |
Harmonic Lagged Returns
When evaluating Harmonic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harmonic stock have on its future price. Harmonic 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, Harmonic autocorrelation shows the relationship between Harmonic stock current value and its past values and can show if there is a momentum factor associated with investing in Harmonic.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Harmonic Stock Analysis
When running Harmonic's price analysis, check to measure Harmonic'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 Harmonic is operating at the current time. Most of Harmonic's value examination focuses on studying past and present price action to predict the probability of Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmonic's price. Additionally, you may evaluate how the addition of Harmonic to your portfolios can decrease your overall portfolio volatility.