Hologic Stock Market Value
| HOLX Stock | USD 76.22 0.84 1.11% |
| Symbol | Hologic |
Hologic Price To Book Ratio
Is Hologic's industry 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 Hologic. If investors know Hologic 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 Hologic 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 0.373 | Earnings Share 2.11 | Revenue Per Share 16.228 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0649 |
The market value of Hologic is measured differently than its book value, which is the value of Hologic that is recorded on the company's balance sheet. Investors also form their own opinion of Hologic's value that differs from its market value or its book value, called intrinsic value, which is Hologic'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 Hologic's market value can be influenced by many factors that don't directly affect Hologic'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 Hologic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hologic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hologic'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.
Hologic '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 Hologic'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 Hologic.
| 07/28/2023 |
| 04/23/2024 |
If you would invest 0.00 in Hologic on July 28, 2023 and sell it all today you would earn a total of 0.00 from holding Hologic or generate 0.0% return on investment in Hologic over 270 days. Hologic is related to or competes with HealthStream, National Research, HealthEquity, Health Catalyst, and Definitive Healthcare. Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products ... More
Hologic 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 Hologic'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 Hologic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 6.09 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.66 |
Hologic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hologic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hologic's standard deviation. In reality, there are many statistical measures that can use Hologic historical prices to predict the future Hologic's volatility.| Risk Adjusted Performance | 0.0341 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.057 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hologic's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hologic Backtested Returns
We consider Hologic very steady. Hologic holds Efficiency (Sharpe) Ratio of 0.046, which attests that the entity had a 0.046% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hologic, which you can use to evaluate the volatility of the firm. Please check out Hologic's Downside Deviation of 1.17, risk adjusted performance of 0.0341, and Market Risk Adjusted Performance of 0.067 to validate if the risk estimate we provide is consistent with the expected return of 0.052%. Hologic has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hologic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hologic is expected to be smaller as well. Hologic right now retains a risk of 1.13%. Please check out Hologic maximum drawdown, as well as the relationship between the skewness and day typical price , to decide if Hologic will be following its current trending patterns.
Auto-correlation | -0.68 |
Very good reverse predictability
Hologic has very good reverse predictability. Overlapping area represents the amount of predictability between Hologic time series from 28th of July 2023 to 10th of December 2023 and 10th of December 2023 to 23rd of April 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 Hologic price movement. The serial correlation of -0.68 indicates that around 68.0% of current Hologic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 4.67 |
Hologic lagged returns against current returns
Autocorrelation, which is Hologic 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 Hologic's stock expected returns. We can calculate the autocorrelation of Hologic returns to help us make a trade decision. For example, suppose you find that Hologic 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 |
Hologic 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 Hologic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hologic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hologic stock over time.
Current vs Lagged Prices |
| Timeline |
Hologic Lagged Returns
When evaluating Hologic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hologic stock have on its future price. Hologic 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, Hologic autocorrelation shows the relationship between Hologic stock current value and its past values and can show if there is a momentum factor associated with investing in Hologic.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Hologic Correlation, Hologic Volatility and Hologic Alpha and Beta module to complement your research on Hologic. For more information on how to buy Hologic Stock please use our How to Invest in Hologic guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Hologic Stock analysis
When running Hologic's price analysis, check to measure Hologic'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 Hologic is operating at the current time. Most of Hologic's value examination focuses on studying past and present price action to predict the probability of Hologic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hologic's price. Additionally, you may evaluate how the addition of Hologic to your portfolios can decrease your overall portfolio volatility.
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Money Managers Screen money managers from public funds and ETFs managed around the world |
Hologic 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.