Huron Consulting Group Stock Market Value
| HURN Stock | USD 125.60 1.68 1.36% |
| Symbol | Huron |
Huron Consulting Price To Book Ratio
Is Research & Consulting 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 Huron Consulting. If investors know Huron 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 Huron Consulting 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 0.336 | Earnings Share 4.57 | Revenue Per Share 79.452 | Quarterly Revenue Growth 0.033 | Return On Assets 0.0708 |
The market value of Huron Consulting is measured differently than its book value, which is the value of Huron that is recorded on the company's balance sheet. Investors also form their own opinion of Huron Consulting's value that differs from its market value or its book value, called intrinsic value, which is Huron Consulting'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 Huron Consulting's market value can be influenced by many factors that don't directly affect Huron Consulting'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 Huron Consulting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Huron Consulting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Huron Consulting'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.
Huron Consulting '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 Huron Consulting'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 Huron Consulting.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Huron Consulting on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Huron Consulting Group or generate 0.0% return on investment in Huron Consulting over 720 days. Huron Consulting is related to or competes with ICF International, CRA International, FTI Consulting, Heidrick Struggles, and Hub. Huron Consulting Group Inc., a professional services firm, provides consultancy services in the United States and intern... More
Huron Consulting 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 Huron Consulting'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 Huron Consulting Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.0687 | |||
| Maximum Drawdown | 14.16 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 2.72 |
Huron Consulting Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huron Consulting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huron Consulting's standard deviation. In reality, there are many statistical measures that can use Huron Consulting historical prices to predict the future Huron Consulting's volatility.| Risk Adjusted Performance | 0.11 | |||
| Jensen Alpha | 0.1042 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.1118 | |||
| Treynor Ratio | 0.2041 |
Huron Consulting Backtested Returns
Huron Consulting appears to be very steady, given 3 months investment horizon. Huron Consulting holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Huron Consulting, which you can use to evaluate the volatility of the firm. Please utilize Huron Consulting's Risk Adjusted Performance of 0.11, market risk adjusted performance of 0.2141, and Downside Deviation of 1.2 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Huron Consulting holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 1.25, 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, Huron Consulting will likely underperform. Please check Huron Consulting's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Huron Consulting's current trending patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
Huron Consulting Group has modest predictability. Overlapping area represents the amount of predictability between Huron Consulting time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 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 Huron Consulting price movement. The serial correlation of 0.55 indicates that about 55.0% of current Huron Consulting price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 78.74 |
Huron Consulting lagged returns against current returns
Autocorrelation, which is Huron Consulting 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 Huron Consulting's stock expected returns. We can calculate the autocorrelation of Huron Consulting returns to help us make a trade decision. For example, suppose you find that Huron Consulting 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 |
Huron Consulting 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 Huron Consulting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huron Consulting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huron Consulting stock over time.
Current vs Lagged Prices |
| Timeline |
Huron Consulting Lagged Returns
When evaluating Huron Consulting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huron Consulting stock have on its future price. Huron Consulting 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, Huron Consulting autocorrelation shows the relationship between Huron Consulting stock current value and its past values and can show if there is a momentum factor associated with investing in Huron Consulting Group.
Regressed Prices |
| Timeline |
Pair Trading with Huron Consulting
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 Huron Consulting 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 Huron Consulting will appreciate offsetting losses from the drop in the long position's value.Moving together with Huron Stock
| 0.83 | G | Genpact Limited | PairCorr |
| 0.68 | BR | Broadridge Financial | PairCorr |
| 0.72 | BV | BrightView Holdings | PairCorr |
Moving against Huron Stock
| 0.8 | MG | Mistras Group | PairCorr |
| 0.73 | VCIG | VCI Global Limited | PairCorr |
| 0.68 | VLTO | Veralto | PairCorr |
| 0.49 | FA | First Advantage Corp | PairCorr |
| 0.39 | FC | Franklin Covey | PairCorr |
The ability to find closely correlated positions to Huron Consulting could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Huron Consulting 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 Huron Consulting - 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 Huron Consulting Group to buy it.
The correlation of Huron Consulting 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 Huron Consulting moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Huron Consulting 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 Huron Consulting 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.Check out Huron Consulting Correlation, Huron Consulting Volatility and Huron Consulting Alpha and Beta module to complement your research on Huron Consulting. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Huron Consulting 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.