Hurco Companies Stock Market Value
| HURC Stock | USD 22.89 1.74 8.23% |
| Symbol | Hurco |
Hurco Companies Price To Book Ratio
Is Industrial Machinery & Supplies & Components 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 Hurco Companies. If investors know Hurco 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 Hurco Companies 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 0.686 | Dividend Share 0.48 | Earnings Share (1.97) | Revenue Per Share 30.639 | Quarterly Revenue Growth (0.20) |
The market value of Hurco Companies is measured differently than its book value, which is the value of Hurco that is recorded on the company's balance sheet. Investors also form their own opinion of Hurco Companies' value that differs from its market value or its book value, called intrinsic value, which is Hurco Companies' 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 Hurco Companies' market value can be influenced by many factors that don't directly affect Hurco Companies' 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 Hurco Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hurco Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hurco Companies' 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.
Hurco Companies '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 Hurco Companies' 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 Hurco Companies.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Hurco Companies on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Hurco Companies or generate 0.0% return on investment in Hurco Companies over 30 days. Hurco Companies is related to or competes with Enerpac Tool, Enpro Industries, Omega Flex, Gorman Rupp, China Yuchai, Luxfer Holdings, and Helios Technologies. Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to ... More
Hurco Companies 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 Hurco Companies' 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 Hurco Companies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.0945 | |||
| Maximum Drawdown | 18.87 | |||
| Value At Risk | (3.00) | |||
| Potential Upside | 4.27 |
Hurco Companies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hurco Companies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hurco Companies' standard deviation. In reality, there are many statistical measures that can use Hurco Companies historical prices to predict the future Hurco Companies' volatility.| Risk Adjusted Performance | 0.1048 | |||
| Jensen Alpha | 0.2994 | |||
| Total Risk Alpha | 0.0341 | |||
| Sortino Ratio | 0.1377 | |||
| Treynor Ratio | 0.6724 |
Hurco Companies Backtested Returns
Hurco Companies appears to be very steady, given 3 months investment horizon. Hurco Companies holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. By evaluating Hurco Companies' technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Hurco Companies' Market Risk Adjusted Performance of 0.6824, risk adjusted performance of 0.1048, and Downside Deviation of 1.87 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hurco Companies holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hurco Companies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hurco Companies is expected to be smaller as well. Please check Hurco Companies' maximum drawdown, accumulation distribution, relative strength index, as well as the relationship between the semi variance and day typical price , to make a quick decision on whether Hurco Companies' current trending patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Hurco Companies has insignificant predictability. Overlapping area represents the amount of predictability between Hurco Companies time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 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 Hurco Companies price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Hurco Companies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Hurco Companies lagged returns against current returns
Autocorrelation, which is Hurco Companies 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 Hurco Companies' stock expected returns. We can calculate the autocorrelation of Hurco Companies returns to help us make a trade decision. For example, suppose you find that Hurco Companies 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 |
Hurco Companies 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 Hurco Companies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hurco Companies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hurco Companies stock over time.
Current vs Lagged Prices |
| Timeline |
Hurco Companies Lagged Returns
When evaluating Hurco Companies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hurco Companies stock have on its future price. Hurco Companies 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, Hurco Companies autocorrelation shows the relationship between Hurco Companies stock current value and its past values and can show if there is a momentum factor associated with investing in Hurco Companies.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Hurco Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hurco Companies' 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 Hurco Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hurco Companies Stock:Check out Hurco Companies Correlation, Hurco Companies Volatility and Hurco Companies Alpha and Beta module to complement your research on Hurco Companies. For information on how to trade Hurco Stock refer to our How to Trade Hurco Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Hurco Companies 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.