Hillenbrand Stock Market Value
| HI Stock | USD 46.74 0.26 0.55% |
| Symbol | Hillenbrand |
Hillenbrand Price To Book Ratio
Is Hillenbrand'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 Hillenbrand. If investors know Hillenbrand 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 Hillenbrand 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 (0.62) | Dividend Share 0.883 | Earnings Share 1.42 | Revenue Per Share 42.036 | Quarterly Revenue Growth 0.179 |
The market value of Hillenbrand is measured differently than its book value, which is the value of Hillenbrand that is recorded on the company's balance sheet. Investors also form their own opinion of Hillenbrand's value that differs from its market value or its book value, called intrinsic value, which is Hillenbrand'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 Hillenbrand's market value can be influenced by many factors that don't directly affect Hillenbrand'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 Hillenbrand's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hillenbrand is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hillenbrand'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.
Hillenbrand '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 Hillenbrand'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 Hillenbrand.
| 03/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Hillenbrand on March 18, 2024 and sell it all today you would earn a total of 0.00 from holding Hillenbrand or generate 0.0% return on investment in Hillenbrand over 30 days. Hillenbrand is related to or competes with IDEX, Watts Water, Donaldson, Gorman Rupp, Enerpac Tool, Middleby Corp, and Enpro Industries. Hillenbrand, Inc. operates as a diversified industrial company in the United States and internationally More
Hillenbrand 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 Hillenbrand'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 Hillenbrand upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0036 | |||
| Maximum Drawdown | 9.38 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 2.87 |
Hillenbrand Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hillenbrand's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hillenbrand's standard deviation. In reality, there are many statistical measures that can use Hillenbrand historical prices to predict the future Hillenbrand's volatility.| Risk Adjusted Performance | 0.0297 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0033 | |||
| Treynor Ratio | 0.0373 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hillenbrand'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.
Hillenbrand Backtested Returns
We consider Hillenbrand very steady. Hillenbrand holds Efficiency (Sharpe) Ratio of 0.06, which attests that the entity had a 0.06% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hillenbrand, which you can use to evaluate the volatility of the firm. Please check out Hillenbrand's Risk Adjusted Performance of 0.0297, downside deviation of 1.94, and Market Risk Adjusted Performance of 0.0473 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. Hillenbrand has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.46, 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, Hillenbrand will likely underperform. Hillenbrand right now retains a risk of 1.73%. Please check out Hillenbrand sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Hillenbrand will be following its current trending patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
Hillenbrand has weak reverse predictability. Overlapping area represents the amount of predictability between Hillenbrand time series from 18th of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th 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 Hillenbrand price movement. The serial correlation of -0.23 indicates that over 23.0% of current Hillenbrand price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Hillenbrand lagged returns against current returns
Autocorrelation, which is Hillenbrand 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 Hillenbrand's stock expected returns. We can calculate the autocorrelation of Hillenbrand returns to help us make a trade decision. For example, suppose you find that Hillenbrand 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 |
Hillenbrand 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 Hillenbrand stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hillenbrand stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hillenbrand stock over time.
Current vs Lagged Prices |
| Timeline |
Hillenbrand Lagged Returns
When evaluating Hillenbrand's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hillenbrand stock have on its future price. Hillenbrand 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, Hillenbrand autocorrelation shows the relationship between Hillenbrand stock current value and its past values and can show if there is a momentum factor associated with investing in Hillenbrand.
Regressed Prices |
| Timeline |
Hillenbrand Investors Sentiment
The influence of Hillenbrand's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Hillenbrand. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Hillenbrand's public news can be used to forecast risks associated with an investment in Hillenbrand. The trend in average sentiment can be used to explain how an investor holding Hillenbrand can time the market purely based on public headlines and social activities around Hillenbrand. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Hillenbrand's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Hillenbrand's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Hillenbrand's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Hillenbrand.
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 Hillenbrand 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, Hillenbrand's short interest history, or implied volatility extrapolated from Hillenbrand options trading.
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Try AI Portfolio ArchitectCheck out Hillenbrand Correlation, Hillenbrand Volatility and Hillenbrand Alpha and Beta module to complement your research on Hillenbrand. For more detail on how to invest in Hillenbrand Stock please use our How to Invest in Hillenbrand guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Hillenbrand Stock analysis
When running Hillenbrand's price analysis, check to measure Hillenbrand'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 Hillenbrand is operating at the current time. Most of Hillenbrand's value examination focuses on studying past and present price action to predict the probability of Hillenbrand's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hillenbrand's price. Additionally, you may evaluate how the addition of Hillenbrand to your portfolios can decrease your overall portfolio volatility.
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Hillenbrand 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.