Hongli Group Ordinary Stock Market Value
| HLP Stock | 1.26 0.05 3.82% |
| Symbol | Hongli |
Hongli Group Ordinary Price To Book Ratio
Is Diversified Metals & Mining 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 Hongli Group. If investors know Hongli 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 Hongli Group 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 (0.95) | Earnings Share (0.15) | Revenue Per Share 1.125 | Quarterly Revenue Growth (0.22) | Return On Assets (0.03) |
The market value of Hongli Group Ordinary is measured differently than its book value, which is the value of Hongli that is recorded on the company's balance sheet. Investors also form their own opinion of Hongli Group's value that differs from its market value or its book value, called intrinsic value, which is Hongli Group'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 Hongli Group's market value can be influenced by many factors that don't directly affect Hongli Group'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 Hongli Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hongli Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hongli Group'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.
Hongli Group '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 Hongli Group'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 Hongli Group.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Hongli Group on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hongli Group Ordinary or generate 0.0% return on investment in Hongli Group over 30 days. Hongli Group is related to or competes with ArcelorMittal, Reliance Steel, Ternium SA, Worthington Steel, Cleveland Cliffs, Commercial Metals, and Friedman Industries. Hongli Group is entity of United States. It is traded as Stock on NASDAQ exchange. More
Hongli Group 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 Hongli Group'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 Hongli Group Ordinary upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 24.65 | |||
| Value At Risk | (7.73) | |||
| Potential Upside | 7.53 |
Hongli Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hongli Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hongli Group's standard deviation. In reality, there are many statistical measures that can use Hongli Group historical prices to predict the future Hongli Group's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (1.28) | |||
| Treynor Ratio | 3.63 |
Hongli Group Ordinary Backtested Returns
Hongli Group Ordinary 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. Hongli Group Ordinary exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hongli Group's Market Risk Adjusted Performance of 3.64, risk adjusted performance of (0.07), and Standard Deviation of 4.9 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hongli Group are expected to decrease at a much lower rate. During the bear market, Hongli Group is likely to outperform the market. At this point, Hongli Group Ordinary has a negative expected return of -0.6%. Please make sure to check out Hongli Group's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Hongli Group Ordinary performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Hongli Group Ordinary has average predictability. Overlapping area represents the amount of predictability between Hongli Group time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Hongli Group Ordinary price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Hongli Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Hongli Group Ordinary lagged returns against current returns
Autocorrelation, which is Hongli Group 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 Hongli Group's stock expected returns. We can calculate the autocorrelation of Hongli Group returns to help us make a trade decision. For example, suppose you find that Hongli Group 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 |
Hongli Group 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 Hongli Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hongli Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hongli Group stock over time.
Current vs Lagged Prices |
| Timeline |
Hongli Group Lagged Returns
When evaluating Hongli Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hongli Group stock have on its future price. Hongli Group 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, Hongli Group autocorrelation shows the relationship between Hongli Group stock current value and its past values and can show if there is a momentum factor associated with investing in Hongli Group Ordinary.
Regressed Prices |
| Timeline |
Pair Trading with Hongli Group
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 Hongli Group 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 Hongli Group will appreciate offsetting losses from the drop in the long position's value.Moving against Hongli Stock
| 0.86 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | AUST | Austin Gold Corp | PairCorr |
| 0.75 | AG | First Majestic Silver | PairCorr |
| 0.73 | CENX | Century Aluminum | PairCorr |
| 0.55 | GROY | Gold Royalty Corp | PairCorr |
The ability to find closely correlated positions to Hongli Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hongli Group 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 Hongli Group - 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 Hongli Group Ordinary to buy it.
The correlation of Hongli Group 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 Hongli Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hongli Group Ordinary 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 Hongli Group 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.Additional Tools for Hongli Stock Analysis
When running Hongli Group's price analysis, check to measure Hongli Group'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 Hongli Group is operating at the current time. Most of Hongli Group's value examination focuses on studying past and present price action to predict the probability of Hongli Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hongli Group's price. Additionally, you may evaluate how the addition of Hongli Group to your portfolios can decrease your overall portfolio volatility.