Highest Performances Holdings Stock Market Value
| HPH Stock | 0.34 0.01 3.03% |
| Symbol | Highest |
Highest Performances Price To Book Ratio
Is Asset Management & Custody 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 Highest Performances. If investors know Highest 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 Highest Performances listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.10) | Revenue Per Share 1.32 | Quarterly Revenue Growth (0.48) | Return On Assets (0.01) | Return On Equity (0.03) |
The market value of Highest Performances is measured differently than its book value, which is the value of Highest that is recorded on the company's balance sheet. Investors also form their own opinion of Highest Performances' value that differs from its market value or its book value, called intrinsic value, which is Highest Performances' 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 Highest Performances' market value can be influenced by many factors that don't directly affect Highest Performances' 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 Highest Performances' value and its price as these two are different measures arrived at by different means. Investors typically determine if Highest Performances is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highest Performances' 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.
Highest Performances '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 Highest Performances' 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 Highest Performances.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Highest Performances on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Highest Performances Holdings or generate 0.0% return on investment in Highest Performances over 180 days. Highest Performances is related to or competes with Canlan Ice, AMCON Distributing, Albertsons Companies, Playtika Holding, and Ultra Clean. Highest Performances is entity of United States More
Highest Performances 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 Highest Performances' 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 Highest Performances Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 91.64 | |||
| Value At Risk | (18.49) | |||
| Potential Upside | 9.38 |
Highest Performances Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highest Performances' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highest Performances' standard deviation. In reality, there are many statistical measures that can use Highest Performances historical prices to predict the future Highest Performances' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (2.10) | |||
| Total Risk Alpha | (3.95) | |||
| Treynor Ratio | (2.58) |
Highest Performances Backtested Returns
Highest Performances holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of risk over the last 3 months. Highest Performances exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Highest Performances' Market Risk Adjusted Performance of (2.57), standard deviation of 12.35, and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Highest Performances' returns are expected to increase less than the market. However, during the bear market, the loss of holding Highest Performances is expected to be smaller as well. At this point, Highest Performances has a negative expected return of -1.9%. Please make sure to check out Highest Performances' treynor ratio and the relationship between the skewness and period momentum indicator , to decide if Highest Performances performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Highest Performances Holdings has good predictability. Overlapping area represents the amount of predictability between Highest Performances time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 Highest Performances price movement. The serial correlation of 0.79 indicates that around 79.0% of current Highest Performances price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Highest Performances lagged returns against current returns
Autocorrelation, which is Highest Performances 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 Highest Performances' stock expected returns. We can calculate the autocorrelation of Highest Performances returns to help us make a trade decision. For example, suppose you find that Highest Performances 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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Highest Performances 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 Highest Performances stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highest Performances stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highest Performances stock over time.
Current vs Lagged Prices |
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Highest Performances Lagged Returns
When evaluating Highest Performances' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highest Performances stock have on its future price. Highest Performances 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, Highest Performances autocorrelation shows the relationship between Highest Performances stock current value and its past values and can show if there is a momentum factor associated with investing in Highest Performances Holdings.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Highest Performances offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Highest Performances' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Highest Performances Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Highest Performances Holdings Stock:Check out Highest Performances Correlation, Highest Performances Volatility and Highest Performances Alpha and Beta module to complement your research on Highest Performances. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Highest Performances 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.