Whitehorse Finance Stock Market Value
| WHF Stock | USD 10.47 0.07 0.66% |
| Symbol | WhiteHorse |
WhiteHorse Finance 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 WhiteHorse Finance. If investors know WhiteHorse 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 WhiteHorse Finance 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 1.02 | Dividend Share 1.54 | Earnings Share 0.45 | Revenue Per Share 4.192 | Quarterly Revenue Growth (0.12) |
The market value of WhiteHorse Finance is measured differently than its book value, which is the value of WhiteHorse that is recorded on the company's balance sheet. Investors also form their own opinion of WhiteHorse Finance's value that differs from its market value or its book value, called intrinsic value, which is WhiteHorse Finance'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 WhiteHorse Finance's market value can be influenced by many factors that don't directly affect WhiteHorse Finance'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 WhiteHorse Finance's value and its price as these two are different measures arrived at by different means. Investors typically determine if WhiteHorse Finance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WhiteHorse Finance'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.
WhiteHorse Finance '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 WhiteHorse Finance'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 WhiteHorse Finance.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in WhiteHorse Finance on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding WhiteHorse Finance or generate 0.0% return on investment in WhiteHorse Finance over 30 days. WhiteHorse Finance is related to or competes with Monroe Capital, Portman Ridge, Fidus Investment, Diamond Hill, Horizon Technology, Gladstone Capital, and PennantPark Floating. WhiteHorse Finance, Inc. is business development company, non-diversified, closed end management company specializing in... More
WhiteHorse Finance 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 WhiteHorse Finance'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 WhiteHorse Finance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.44 |
WhiteHorse Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WhiteHorse Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WhiteHorse Finance's standard deviation. In reality, there are many statistical measures that can use WhiteHorse Finance historical prices to predict the future WhiteHorse Finance's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (1.32) |
WhiteHorse Finance Backtested Returns
WhiteHorse Finance shows Sharpe Ratio of -0.0738, which attests that the company had a -0.0738% return per unit of risk over the last 3 months. WhiteHorse Finance exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WhiteHorse Finance's Market Risk Adjusted Performance of (1.31), standard deviation of 1.15, and Mean Deviation of 0.8263 to validate the risk estimate we provide. The firm maintains a market beta of 0.0651, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WhiteHorse Finance's returns are expected to increase less than the market. However, during the bear market, the loss of holding WhiteHorse Finance is expected to be smaller as well. At this point, WhiteHorse Finance has a negative expected return of -0.0847%. Please make sure to check out WhiteHorse Finance's value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if WhiteHorse Finance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.46 |
Average predictability
WhiteHorse Finance has average predictability. Overlapping area represents the amount of predictability between WhiteHorse Finance time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 WhiteHorse Finance price movement. The serial correlation of 0.46 indicates that about 46.0% of current WhiteHorse Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WhiteHorse Finance lagged returns against current returns
Autocorrelation, which is WhiteHorse Finance 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 WhiteHorse Finance's stock expected returns. We can calculate the autocorrelation of WhiteHorse Finance returns to help us make a trade decision. For example, suppose you find that WhiteHorse Finance 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 |
WhiteHorse Finance 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 WhiteHorse Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WhiteHorse Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WhiteHorse Finance stock over time.
Current vs Lagged Prices |
| Timeline |
WhiteHorse Finance Lagged Returns
When evaluating WhiteHorse Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WhiteHorse Finance stock have on its future price. WhiteHorse Finance 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, WhiteHorse Finance autocorrelation shows the relationship between WhiteHorse Finance stock current value and its past values and can show if there is a momentum factor associated with investing in WhiteHorse Finance.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether WhiteHorse Finance is a strong investment it is important to analyze WhiteHorse Finance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WhiteHorse Finance's future performance. For an informed investment choice regarding WhiteHorse Stock, refer to the following important reports:Check out WhiteHorse Finance Correlation, WhiteHorse Finance Volatility and WhiteHorse Finance Alpha and Beta module to complement your research on WhiteHorse Finance. For more detail on how to invest in WhiteHorse Stock please use our How to Invest in WhiteHorse Finance guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
WhiteHorse Finance 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.