Hour Loop Stock Market Value
| HOUR Stock | USD 1.47 0.08 5.16% |
| Symbol | Hour |
Hour Loop Price To Book Ratio
Is Broadline Retail 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 Hour Loop. If investors know Hour 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 Hour Loop 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 (0.49) | Earnings Share 0.05 | Revenue Per Share 4.082 | Quarterly Revenue Growth 0.066 | Return On Assets 0.0549 |
The market value of Hour Loop is measured differently than its book value, which is the value of Hour that is recorded on the company's balance sheet. Investors also form their own opinion of Hour Loop's value that differs from its market value or its book value, called intrinsic value, which is Hour Loop'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 Hour Loop's market value can be influenced by many factors that don't directly affect Hour Loop'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 Hour Loop's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hour Loop is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hour Loop'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.
Hour Loop '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 Hour Loop'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 Hour Loop.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Hour Loop on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Hour Loop or generate 0.0% return on investment in Hour Loop over 720 days. Hour Loop is related to or competes with Qurate Retail, IPower, MOGU, Qurate Retail, Qurate Retail, Kidpik Corp, and Liquidity Services. Hour Loop, Inc., an online retailer, engages in e-commerce retailing in the United States More
Hour Loop 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 Hour Loop'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 Hour Loop upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.05 | |||
| Information Ratio | 0.0407 | |||
| Maximum Drawdown | 42.64 | |||
| Value At Risk | (4.82) | |||
| Potential Upside | 4.4 |
Hour Loop Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hour Loop's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hour Loop's standard deviation. In reality, there are many statistical measures that can use Hour Loop historical prices to predict the future Hour Loop's volatility.| Risk Adjusted Performance | 0.0543 | |||
| Jensen Alpha | 0.2142 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0475 | |||
| Treynor Ratio | 0.3731 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hour Loop's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hour Loop Backtested Returns
Currently, Hour Loop is dangerous. Hour Loop holds Efficiency (Sharpe) Ratio of 0.0399, which attests that the entity had a 0.0399% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hour Loop, which you can use to evaluate the volatility of the firm. Please check out Hour Loop's Risk Adjusted Performance of 0.0543, downside deviation of 4.05, and Market Risk Adjusted Performance of 0.3831 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Hour Loop has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hour Loop's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hour Loop is expected to be smaller as well. Hour Loop right now retains a risk of 4.85%. Please check out Hour Loop downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to decide if Hour Loop will be following its current trending patterns.
Auto-correlation | 0.25 |
Poor predictability
Hour Loop has poor predictability. Overlapping area represents the amount of predictability between Hour Loop time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Hour Loop price movement. The serial correlation of 0.25 indicates that over 25.0% of current Hour Loop price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Hour Loop lagged returns against current returns
Autocorrelation, which is Hour Loop 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 Hour Loop's stock expected returns. We can calculate the autocorrelation of Hour Loop returns to help us make a trade decision. For example, suppose you find that Hour Loop 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 |
Hour Loop 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 Hour Loop stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hour Loop stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hour Loop stock over time.
Current vs Lagged Prices |
| Timeline |
Hour Loop Lagged Returns
When evaluating Hour Loop's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hour Loop stock have on its future price. Hour Loop 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, Hour Loop autocorrelation shows the relationship between Hour Loop stock current value and its past values and can show if there is a momentum factor associated with investing in Hour Loop.
Regressed Prices |
| Timeline |
Pair Trading with Hour Loop
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 Hour Loop 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 Hour Loop will appreciate offsetting losses from the drop in the long position's value.Moving against Hour Stock
| 0.71 | BGI | Birks Group | PairCorr |
| 0.65 | DIBS | 1StdibsCom | PairCorr |
| 0.51 | FL | Foot Locker Earnings Call This Week | PairCorr |
| 0.47 | DKS | Dicks Sporting Goods | PairCorr |
| 0.37 | ASO | Academy Sports Outdoors Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Hour Loop could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hour Loop 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 Hour Loop - 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 Hour Loop to buy it.
The correlation of Hour Loop 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 Hour Loop moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hour Loop 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 Hour Loop 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 Hour Stock Analysis
When running Hour Loop's price analysis, check to measure Hour Loop'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 Hour Loop is operating at the current time. Most of Hour Loop's value examination focuses on studying past and present price action to predict the probability of Hour Loop's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hour Loop's price. Additionally, you may evaluate how the addition of Hour Loop to your portfolios can decrease your overall portfolio volatility.