Hillman Solutions Corp Stock Market Value
| HLMN Stock | USD 11.28 0.21 1.90% |
| Symbol | Hillman |
Hillman Solutions Corp 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 Hillman Solutions. If investors know Hillman 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 Hillman Solutions 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 0.459 | Earnings Share 0.04 | Revenue Per Share 7.517 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0239 |
The market value of Hillman Solutions Corp is measured differently than its book value, which is the value of Hillman that is recorded on the company's balance sheet. Investors also form their own opinion of Hillman Solutions' value that differs from its market value or its book value, called intrinsic value, which is Hillman Solutions' 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 Hillman Solutions' market value can be influenced by many factors that don't directly affect Hillman Solutions' 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 Hillman Solutions' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hillman Solutions is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hillman Solutions' 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.
Hillman Solutions '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 Hillman Solutions' 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 Hillman Solutions.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Hillman Solutions on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Hillman Solutions Corp or generate 0.0% return on investment in Hillman Solutions over 360 days. Hillman Solutions is related to or competes with Timken, Lincoln Electric, AB SKF. Hillman Solutions Corp., together with its subsidiaries, provides hardware-related products and related merchandising se... More
Hillman Solutions 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 Hillman Solutions' 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 Hillman Solutions Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.1064 | |||
| Maximum Drawdown | 7.63 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 3.36 |
Hillman Solutions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hillman Solutions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hillman Solutions' standard deviation. In reality, there are many statistical measures that can use Hillman Solutions historical prices to predict the future Hillman Solutions' volatility.| Risk Adjusted Performance | 0.1455 | |||
| Jensen Alpha | 0.1395 | |||
| Total Risk Alpha | 0.033 | |||
| Sortino Ratio | 0.13 | |||
| Treynor Ratio | 0.2232 |
Hillman Solutions Corp Backtested Returns
Hillman Solutions appears to be not too volatile, given 3 months investment horizon. Hillman Solutions Corp holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hillman Solutions Corp, which you can use to evaluate the volatility of the firm. Please utilize Hillman Solutions' Market Risk Adjusted Performance of 0.2332, downside deviation of 1.41, and Risk Adjusted Performance of 0.1455 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hillman Solutions holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 1.36, 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, Hillman Solutions will likely underperform. Please check Hillman Solutions' semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Hillman Solutions' current trending patterns will revert.
Auto-correlation | 0.60 |
Good predictability
Hillman Solutions Corp has good predictability. Overlapping area represents the amount of predictability between Hillman Solutions time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Hillman Solutions Corp price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current Hillman Solutions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.58 |
Hillman Solutions Corp lagged returns against current returns
Autocorrelation, which is Hillman Solutions 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 Hillman Solutions' stock expected returns. We can calculate the autocorrelation of Hillman Solutions returns to help us make a trade decision. For example, suppose you find that Hillman Solutions 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 |
Hillman Solutions 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 Hillman Solutions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hillman Solutions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hillman Solutions stock over time.
Current vs Lagged Prices |
| Timeline |
Hillman Solutions Lagged Returns
When evaluating Hillman Solutions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hillman Solutions stock have on its future price. Hillman Solutions 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, Hillman Solutions autocorrelation shows the relationship between Hillman Solutions stock current value and its past values and can show if there is a momentum factor associated with investing in Hillman Solutions Corp.
Regressed Prices |
| Timeline |
Pair Trading with Hillman Solutions
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 Hillman Solutions 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 Hillman Solutions will appreciate offsetting losses from the drop in the long position's value.Moving together with Hillman Stock
Moving against Hillman Stock
| 0.71 | QEPC | QEP Co Inc | PairCorr |
| 0.36 | TTC | Toro Fiscal Year End 18th of December 2024 | PairCorr |
| 0.31 | SWK | Stanley Black Decker | PairCorr |
The ability to find closely correlated positions to Hillman Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hillman Solutions 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 Hillman Solutions - 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 Hillman Solutions Corp to buy it.
The correlation of Hillman Solutions 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 Hillman Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hillman Solutions Corp 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 Hillman Solutions 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 Hillman Solutions Correlation, Hillman Solutions Volatility and Hillman Solutions Alpha and Beta module to complement your research on Hillman Solutions. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Hillman Solutions 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.