Hooker Furniture Stock Market Value
| HOFT Stock | USD 19.11 0.44 2.36% |
| Symbol | Hooker |
Hooker Furniture Price To Book Ratio
Is Household Durables 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 Hooker Furniture. If investors know Hooker 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 Hooker Furniture 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 0.575 | Dividend Share 0.91 | Earnings Share 0.14 | Revenue Per Share 38.268 | Quarterly Revenue Growth (0.03) |
The market value of Hooker Furniture is measured differently than its book value, which is the value of Hooker that is recorded on the company's balance sheet. Investors also form their own opinion of Hooker Furniture's value that differs from its market value or its book value, called intrinsic value, which is Hooker Furniture'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 Hooker Furniture's market value can be influenced by many factors that don't directly affect Hooker Furniture'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 Hooker Furniture's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hooker Furniture is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hooker Furniture'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.
Hooker Furniture '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 Hooker Furniture'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 Hooker Furniture.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hooker Furniture on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hooker Furniture or generate 0.0% return on investment in Hooker Furniture over 90 days. Hooker Furniture is related to or competes with Bassett Furniture, Natuzzi SpA, Flexsteel Industries, Hamilton Beach, La Z, and MasterBrand. Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contr... More
Hooker Furniture 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 Hooker Furniture'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 Hooker Furniture upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | 0.0946 | |||
| Maximum Drawdown | 11.82 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 6.16 |
Hooker Furniture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hooker Furniture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hooker Furniture's standard deviation. In reality, there are many statistical measures that can use Hooker Furniture historical prices to predict the future Hooker Furniture's volatility.| Risk Adjusted Performance | 0.1132 | |||
| Jensen Alpha | 0.1663 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1025 | |||
| Treynor Ratio | 0.2043 |
Hooker Furniture Backtested Returns
Hooker Furniture appears to be not too volatile, given 3 months investment horizon. Hooker Furniture 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 twenty-eight technical indicators for Hooker Furniture, which you can use to evaluate the volatility of the firm. Please utilize Hooker Furniture's Downside Deviation of 2.79, risk adjusted performance of 0.1132, and Market Risk Adjusted Performance of 0.2143 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hooker Furniture holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 1.99, 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, Hooker Furniture will likely underperform. Please check Hooker Furniture's maximum drawdown, as well as the relationship between the expected short fall and rate of daily change , to make a quick decision on whether Hooker Furniture's current trending patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Hooker Furniture has below average predictability. Overlapping area represents the amount of predictability between Hooker Furniture time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Hooker Furniture price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Hooker Furniture price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.07 |
Hooker Furniture lagged returns against current returns
Autocorrelation, which is Hooker Furniture 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 Hooker Furniture's stock expected returns. We can calculate the autocorrelation of Hooker Furniture returns to help us make a trade decision. For example, suppose you find that Hooker Furniture 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 |
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Hooker Furniture 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 Hooker Furniture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hooker Furniture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hooker Furniture stock over time.
Current vs Lagged Prices |
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Hooker Furniture Lagged Returns
When evaluating Hooker Furniture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hooker Furniture stock have on its future price. Hooker Furniture 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, Hooker Furniture autocorrelation shows the relationship between Hooker Furniture stock current value and its past values and can show if there is a momentum factor associated with investing in Hooker Furniture.
Regressed Prices |
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Additional Tools for Hooker Stock Analysis
When running Hooker Furniture's price analysis, check to measure Hooker Furniture'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 Hooker Furniture is operating at the current time. Most of Hooker Furniture's value examination focuses on studying past and present price action to predict the probability of Hooker Furniture's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hooker Furniture's price. Additionally, you may evaluate how the addition of Hooker Furniture to your portfolios can decrease your overall portfolio volatility.