Hurco Companies Stock Market Value
| HURC Stock | USD 18.96 0.03 0.16% |
| Symbol | Hurco |
Hurco Companies Price To Book Ratio
Is Hurco Companies' 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 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 0.64 | Earnings Share 0.21 | Revenue Per Share 33.702 | Quarterly Revenue Growth (0.18) |
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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Hurco Companies on March 25, 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.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 26.95 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.42 |
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 | (0.03) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hurco Companies' 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.
Hurco Companies Backtested Returns
Hurco Companies holds Efficiency (Sharpe) Ratio of -0.0819, which attests that the entity had a -0.0819% return per unit of risk over the last 3 months. Hurco Companies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hurco Companies' Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.18), and Standard Deviation of 3.41 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.31, 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, Hurco Companies will likely underperform. Hurco Companies has an expected return of -0.28%. Please make sure to check out Hurco Companies skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Hurco Companies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.68 |
Good predictability
Hurco Companies has good predictability. Overlapping area represents the amount of predictability between Hurco Companies time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Hurco Companies price movement. The serial correlation of 0.68 indicates that around 68.0% of current Hurco Companies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hurco Companies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hurco Companies' short interest history, or implied volatility extrapolated from Hurco Companies options trading.
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Complementary Tools for Hurco Stock analysis
When running Hurco Companies' price analysis, check to measure Hurco Companies' 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 Hurco Companies is operating at the current time. Most of Hurco Companies' value examination focuses on studying past and present price action to predict the probability of Hurco Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hurco Companies' price. Additionally, you may evaluate how the addition of Hurco Companies to your portfolios can decrease your overall portfolio volatility.
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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.