Hirequest Stock Market Value
| HQI Stock | USD 15.64 0.12 0.77% |
| Symbol | Hirequest |
Hirequest Price To Book Ratio
Is Human Resource & Employment 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 Hirequest. If investors know Hirequest 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 Hirequest 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 0.007 | Dividend Share 0.24 | Earnings Share 0.14 | Revenue Per Share 2.626 | Quarterly Revenue Growth 0.016 |
The market value of Hirequest is measured differently than its book value, which is the value of Hirequest that is recorded on the company's balance sheet. Investors also form their own opinion of Hirequest's value that differs from its market value or its book value, called intrinsic value, which is Hirequest'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 Hirequest's market value can be influenced by many factors that don't directly affect Hirequest'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 Hirequest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hirequest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hirequest'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.
Hirequest '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 Hirequest'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 Hirequest.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Hirequest on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hirequest or generate 0.0% return on investment in Hirequest over 30 days. Hirequest is related to or competes with ExlService Holdings, WNS Holdings, Gartner, Hackett, Genpact, CACI International, and Leidos Holdings. HireQuest, Inc. provides temporary staffing solutions in the United States More
Hirequest 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 Hirequest'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 Hirequest upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.0551 | |||
| Maximum Drawdown | 14.14 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 5.05 |
Hirequest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hirequest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hirequest's standard deviation. In reality, there are many statistical measures that can use Hirequest historical prices to predict the future Hirequest's volatility.| Risk Adjusted Performance | 0.0866 | |||
| Jensen Alpha | 0.0306 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0608 | |||
| Treynor Ratio | 0.1342 |
Hirequest Backtested Returns
Hirequest appears to be not too volatile, given 3 months investment horizon. Hirequest holds Efficiency (Sharpe) Ratio of 0.091, which attests that the entity had a 0.091% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hirequest, which you can use to evaluate the volatility of the firm. Please utilize Hirequest's Downside Deviation of 2.38, risk adjusted performance of 0.0866, and Market Risk Adjusted Performance of 0.1442 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hirequest holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 1.96, 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, Hirequest will likely underperform. Please check Hirequest's semi variance, and the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Hirequest's current trending patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Hirequest has modest predictability. Overlapping area represents the amount of predictability between Hirequest time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Hirequest price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Hirequest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Hirequest lagged returns against current returns
Autocorrelation, which is Hirequest 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 Hirequest's stock expected returns. We can calculate the autocorrelation of Hirequest returns to help us make a trade decision. For example, suppose you find that Hirequest 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 |
Hirequest 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 Hirequest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hirequest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hirequest stock over time.
Current vs Lagged Prices |
| Timeline |
Hirequest Lagged Returns
When evaluating Hirequest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hirequest stock have on its future price. Hirequest 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, Hirequest autocorrelation shows the relationship between Hirequest stock current value and its past values and can show if there is a momentum factor associated with investing in Hirequest.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Hirequest offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hirequest's 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 Hirequest Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hirequest Stock:Check out Hirequest Correlation, Hirequest Volatility and Hirequest Alpha and Beta module to complement your research on Hirequest. For more detail on how to invest in Hirequest Stock please use our How to Invest in Hirequest guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Hirequest 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.