Helmerich And Payne Stock Market Value
| HP Stock | USD 36.06 1.63 4.73% |
| Symbol | Helmerich |
Helmerich and Payne Price To Book Ratio
Is Energy Equipment & Services 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 Helmerich. If investors know Helmerich 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 Helmerich 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 (0.01) | Earnings Share 3.43 | Revenue Per Share 27.885 | Quarterly Revenue Growth 0.052 | Return On Assets 0.054 |
The market value of Helmerich and Payne is measured differently than its book value, which is the value of Helmerich that is recorded on the company's balance sheet. Investors also form their own opinion of Helmerich's value that differs from its market value or its book value, called intrinsic value, which is Helmerich'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 Helmerich's market value can be influenced by many factors that don't directly affect Helmerich'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 Helmerich's value and its price as these two are different measures arrived at by different means. Investors typically determine if Helmerich is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Helmerich'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.
Helmerich '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 Helmerich'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 Helmerich.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Helmerich on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Helmerich and Payne or generate 0.0% return on investment in Helmerich over 720 days. Helmerich is related to or competes with Nabors Industries, Precision Drilling, Seadrill, Patterson UTI, Noble Plc, Borr Drilling, and Transocean. Helmerich Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and prod... More
Helmerich 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 Helmerich'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 Helmerich and Payne upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.0295 | |||
| Maximum Drawdown | 12.16 | |||
| Value At Risk | (4.82) | |||
| Potential Upside | 3.7 |
Helmerich Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Helmerich's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Helmerich's standard deviation. In reality, there are many statistical measures that can use Helmerich historical prices to predict the future Helmerich's volatility.| Risk Adjusted Performance | 0.0699 | |||
| Jensen Alpha | 0.0193 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0286 | |||
| Treynor Ratio | 0.1341 |
Helmerich and Payne Backtested Returns
Currently, Helmerich and Payne is very steady. Helmerich and Payne holds Efficiency (Sharpe) Ratio of 0.0648, which attests that the entity had a 0.0648% return per unit of risk over the last 3 months. We have found thirty technical indicators for Helmerich and Payne, which you can use to evaluate the volatility of the firm. Please check out Helmerich's Downside Deviation of 2.56, market risk adjusted performance of 0.1441, and Risk Adjusted Performance of 0.0699 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. Helmerich has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.45, 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, Helmerich will likely underperform. Helmerich and Payne right now retains a risk of 2.49%. Please check out Helmerich semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Helmerich will be following its current trending patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Helmerich and Payne has modest reverse predictability. Overlapping area represents the amount of predictability between Helmerich time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Helmerich and Payne price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Helmerich price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 8.33 |
Helmerich and Payne lagged returns against current returns
Autocorrelation, which is Helmerich 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 Helmerich's stock expected returns. We can calculate the autocorrelation of Helmerich returns to help us make a trade decision. For example, suppose you find that Helmerich 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 |
Helmerich 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 Helmerich stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Helmerich stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Helmerich stock over time.
Current vs Lagged Prices |
| Timeline |
Helmerich Lagged Returns
When evaluating Helmerich's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Helmerich stock have on its future price. Helmerich 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, Helmerich autocorrelation shows the relationship between Helmerich stock current value and its past values and can show if there is a momentum factor associated with investing in Helmerich and Payne.
Regressed Prices |
| Timeline |
Pair Trading with Helmerich
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 Helmerich 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 Helmerich will appreciate offsetting losses from the drop in the long position's value.Moving together with Helmerich Stock
Moving against Helmerich Stock
| 0.54 | EC | Ecopetrol SA ADR | PairCorr |
| 0.48 | BORR | Borr Drilling | PairCorr |
| 0.37 | ICDI | Independence Contract | PairCorr |
| 0.37 | DINO | HF Sinclair Corp | PairCorr |
| 0.34 | BP | BP PLC ADR | PairCorr |
The ability to find closely correlated positions to Helmerich could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helmerich 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 Helmerich - 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 Helmerich and Payne to buy it.
The correlation of Helmerich 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 Helmerich moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helmerich and Payne 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 Helmerich 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 Helmerich Stock Analysis
When running Helmerich's price analysis, check to measure Helmerich'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 Helmerich is operating at the current time. Most of Helmerich's value examination focuses on studying past and present price action to predict the probability of Helmerich's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helmerich's price. Additionally, you may evaluate how the addition of Helmerich to your portfolios can decrease your overall portfolio volatility.