Hp Inc Stock Market Value
| HPQ Stock | USD 37.91 1.23 3.35% |
| Symbol | HP |
HP Inc Price To Book Ratio
Is Technology Hardware, Storage & Peripherals 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 HP. If investors know HP 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 HP 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 (0.14) | Dividend Share 1.089 | Earnings Share 2.85 | Revenue Per Share 53.955 | Quarterly Revenue Growth 0.024 |
The market value of HP Inc is measured differently than its book value, which is the value of HP that is recorded on the company's balance sheet. Investors also form their own opinion of HP's value that differs from its market value or its book value, called intrinsic value, which is HP'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 HP's market value can be influenced by many factors that don't directly affect HP'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 HP's value and its price as these two are different measures arrived at by different means. Investors typically determine if HP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HP'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.
HP '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 HP'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 HP.
| 08/23/2024 |
| 11/21/2024 |
If you would invest 0.00 in HP on August 23, 2024 and sell it all today you would earn a total of 0.00 from holding HP Inc or generate 0.0% return on investment in HP over 90 days. HP is related to or competes with NetApp, Pure Storage, Super Micro, Arista Networks, Stratasys, Desktop Metal, and 3D Systems. HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, s... More
HP 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 HP'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 HP Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.0052 | |||
| Maximum Drawdown | 6.13 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.08 |
HP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HP's standard deviation. In reality, there are many statistical measures that can use HP historical prices to predict the future HP's volatility.| Risk Adjusted Performance | 0.0567 | |||
| Jensen Alpha | 0.0105 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | 0.0963 |
HP Inc Backtested Returns
Currently, HP Inc is very steady. HP Inc retains Efficiency (Sharpe Ratio) of 0.0772, which attests that the entity had a 0.0772% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for HP, which you can use to evaluate the volatility of the firm. Please check out HP's Standard Deviation of 1.5, semi deviation of 1.61, and Market Risk Adjusted Performance of 0.1063 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. HP has a performance score of 6 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.97, which attests to possible diversification benefits within a given portfolio. HP returns are very sensitive to returns on the market. As the market goes up or down, HP is expected to follow. HP Inc today owns a risk of 1.56%. Please check out HP Inc standard deviation, expected short fall, relative strength index, as well as the relationship between the maximum drawdown and rate of daily change , to decide if HP Inc will be following its current price history.
Auto-correlation | 0.21 |
Weak predictability
HP Inc has weak predictability. Overlapping area represents the amount of predictability between HP time series from 23rd of August 2024 to 7th of October 2024 and 7th of October 2024 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 HP Inc price movement. The serial correlation of 0.21 indicates that over 21.0% of current HP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
HP Inc lagged returns against current returns
Autocorrelation, which is HP 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 HP's stock expected returns. We can calculate the autocorrelation of HP returns to help us make a trade decision. For example, suppose you find that HP 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 |
HP 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 HP stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HP stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HP stock over time.
Current vs Lagged Prices |
| Timeline |
HP Lagged Returns
When evaluating HP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HP stock have on its future price. HP 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, HP autocorrelation shows the relationship between HP stock current value and its past values and can show if there is a momentum factor associated with investing in HP Inc.
Regressed Prices |
| Timeline |
Pair Trading with HP
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 HP 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 HP will appreciate offsetting losses from the drop in the long position's value.Moving together with HP Stock
Moving against HP Stock
| 0.69 | ADBE | Adobe Systems Fiscal Year End 11th of December 2024 | PairCorr |
| 0.65 | ENPH | Enphase Energy | PairCorr |
| 0.64 | FRGT | Freight Technologies | PairCorr |
| 0.53 | FSLR | First Solar | PairCorr |
| 0.53 | SEDG | SolarEdge Technologies | PairCorr |
The ability to find closely correlated positions to HP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HP 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 HP - 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 HP Inc to buy it.
The correlation of HP 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 HP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HP Inc 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 HP 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 HP Stock Analysis
When running HP's price analysis, check to measure HP'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 HP is operating at the current time. Most of HP's value examination focuses on studying past and present price action to predict the probability of HP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HP's price. Additionally, you may evaluate how the addition of HP to your portfolios can decrease your overall portfolio volatility.