Harborone Bancorp Stock Market Value
| HONE Stock | USD 12.80 0.28 2.14% |
| Symbol | HarborOne |
HarborOne Bancorp Price To Book Ratio
Is Regional Banks 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 HarborOne Bancorp. If investors know HarborOne 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 HarborOne Bancorp 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 (0.51) | Dividend Share 0.315 | Earnings Share 0.29 | Revenue Per Share 3.816 | Quarterly Revenue Growth (0.15) |
The market value of HarborOne Bancorp is measured differently than its book value, which is the value of HarborOne that is recorded on the company's balance sheet. Investors also form their own opinion of HarborOne Bancorp's value that differs from its market value or its book value, called intrinsic value, which is HarborOne Bancorp'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 HarborOne Bancorp's market value can be influenced by many factors that don't directly affect HarborOne Bancorp'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 HarborOne Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if HarborOne Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HarborOne Bancorp'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.
HarborOne Bancorp '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 HarborOne Bancorp'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 HarborOne Bancorp.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in HarborOne Bancorp on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding HarborOne Bancorp or generate 0.0% return on investment in HarborOne Bancorp over 30 days. HarborOne Bancorp is related to or competes with Independent Bank, Richmond Mutual, Berkshire Hills, Southern Missouri, IF Bancorp, Colony Bankcorp, and Old Point. HarborOne Bancorp, Inc. operates as the holding company for HarborOne Bank that provides financial services to individua... More
HarborOne Bancorp 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 HarborOne Bancorp'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 HarborOne Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 18.56 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.9 |
HarborOne Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HarborOne Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HarborOne Bancorp's standard deviation. In reality, there are many statistical measures that can use HarborOne Bancorp historical prices to predict the future HarborOne Bancorp's volatility.| Risk Adjusted Performance | 0.0194 | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0165 |
HarborOne Bancorp Backtested Returns
At this point, HarborOne Bancorp is not too volatile. HarborOne Bancorp holds Efficiency (Sharpe) Ratio of 0.0062, which attests that the entity had a 0.0062% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for HarborOne Bancorp, which you can use to evaluate the volatility of the firm. Please check out HarborOne Bancorp's Downside Deviation of 3.35, market risk adjusted performance of 0.0265, and Risk Adjusted Performance of 0.0194 to validate if the risk estimate we provide is consistent with the expected return of 0.0185%. The company retains a Market Volatility (i.e., Beta) of 2.16, 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, HarborOne Bancorp will likely underperform. HarborOne Bancorp right now retains a risk of 2.99%. Please check out HarborOne Bancorp semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if HarborOne Bancorp will be following its current trending patterns.
Auto-correlation | -0.35 |
Poor reverse predictability
HarborOne Bancorp has poor reverse predictability. Overlapping area represents the amount of predictability between HarborOne Bancorp time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 HarborOne Bancorp price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current HarborOne Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
HarborOne Bancorp lagged returns against current returns
Autocorrelation, which is HarborOne Bancorp 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 HarborOne Bancorp's stock expected returns. We can calculate the autocorrelation of HarborOne Bancorp returns to help us make a trade decision. For example, suppose you find that HarborOne Bancorp 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 |
HarborOne Bancorp 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 HarborOne Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HarborOne Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HarborOne Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
HarborOne Bancorp Lagged Returns
When evaluating HarborOne Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HarborOne Bancorp stock have on its future price. HarborOne Bancorp 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, HarborOne Bancorp autocorrelation shows the relationship between HarborOne Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in HarborOne Bancorp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether HarborOne Bancorp is a strong investment it is important to analyze HarborOne Bancorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact HarborOne Bancorp's future performance. For an informed investment choice regarding HarborOne Stock, refer to the following important reports:Check out HarborOne Bancorp Correlation, HarborOne Bancorp Volatility and HarborOne Bancorp Alpha and Beta module to complement your research on HarborOne Bancorp. For information on how to trade HarborOne Stock refer to our How to Trade HarborOne Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
HarborOne Bancorp 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.