Howmet Aerospaceinc Stock Price on November 15, 2022
| HWM Stock | USD 63.49 0.51 0.80% |
Below is the normalized historical share price chart for Howmet AerospaceInc extending back to October 20, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Howmet AerospaceInc stands at 63.49, as last reported on the 16th of April 2024, with the highest price reaching 65.53 and the lowest price hitting 63.11 during the day.
If you're considering investing in Howmet Stock, it is important to understand the factors that can impact its price. Howmet AerospaceInc appears to be very steady, given 3 months investment horizon. Howmet AerospaceInc holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Howmet AerospaceInc, which you can use to evaluate the volatility of the firm. Please utilize Howmet AerospaceInc's Risk Adjusted Performance of 0.0972, downside deviation of 1.7, and Market Risk Adjusted Performance of 0.2679 to validate if our risk estimates are consistent with your expectations.
At this time, Howmet AerospaceInc's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 16th of April 2024, Common Stock Shares Outstanding is likely to grow to about 426.3 M, while Preferred Stock Total Equity is likely to drop about 44.7 M. . At this time, Howmet AerospaceInc's Price Sales Ratio is very stable compared to the past year. As of the 16th of April 2024, Price Fair Value is likely to grow to 5.80, while Price To Operating Cash Flows Ratio is likely to drop 23.51. Howmet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of January 1962 | 200 Day MA 53.6836 | 50 Day MA 65.0096 | Beta 1.252 |
Howmet |
Sharpe Ratio = 0.1986
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Estimated Market Risk
| 1.44 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.29 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Howmet AerospaceInc is performing at about 15% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Howmet AerospaceInc by adding it to a well-diversified portfolio.
Price Book 6.5637 | Enterprise Value Ebitda 20.0795 | Price Sales 3.9362 | Shares Float 405.4 M | Dividend Share 0.17 |
Howmet AerospaceInc Valuation on November 15, 2022
It is possible to determine the worth of Howmet AerospaceInc on a given historical date. On November 15, 2022 Howmet was worth 37.12 at the beginning of the trading date compared to the closed value of 36.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Howmet AerospaceInc stock. Still, in general, we apply an absolute valuation method to find Howmet AerospaceInc's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Howmet AerospaceInc where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Howmet AerospaceInc's related companies.
| Open | High | Low | Close | Volume | |
| 37.19 | 37.61 | 36.48 | 36.48 | 2,971,884 | |
11/15/2022 | 37.12 | 37.26 | 36.38 | 36.38 | 4,320,203 |
| 36.39 | 37.04 | 36.22 | 36.67 | 4,513,500 |
| Backtest Howmet AerospaceInc | | | Howmet AerospaceInc History | | | Howmet AerospaceInc Valuation | Previous | Next |
Howmet AerospaceInc Trading Date Momentum on November 15, 2022
| On November 16 2022 Howmet AerospaceInc was traded for 36.67 at the closing time. Highest Howmet AerospaceInc's price during the trading hours was 37.04 and the lowest price during the day was 36.22 . The net volume was 4.5 M. The overall trading history on the 16th of November 2022 contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 0.80% . The trading delta at closing time to current price is 4.65% . |
Howmet AerospaceInc Fundamentals Correlations and Trends
By evaluating Howmet AerospaceInc's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Howmet AerospaceInc's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Howmet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Howmet AerospaceInc Stock history
Howmet AerospaceInc investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Howmet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Howmet AerospaceInc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Howmet AerospaceInc stock prices may prove useful in developing a viable investing in Howmet AerospaceInc
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 416 M | 426.3 M | |
| Net Income Applicable To Common Shares | 539.4 M | 566.3 M |
Howmet AerospaceInc Quarterly Net Working Capital |
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Howmet AerospaceInc Stock Technical Analysis
Howmet AerospaceInc 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.
Price Boundaries
Howmet AerospaceInc Period Price Range
Low | November 15, 2022
| High |
37.12 | 36.38 |
Howmet AerospaceInc April 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Howmet AerospaceInc stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Howmet AerospaceInc shares will generate the highest return on investment. By undertsting and applying Howmet AerospaceInc stock market strength indicators, traders can identify Howmet AerospaceInc entry and exit signals to maximize returns
| Accumulation Distribution | 102034.0 | |||
| Daily Balance Of Power | (0.84) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 36.82 | |||
| Day Typical Price | 36.67 | |||
| Price Action Indicator | (0.81) | |||
| Period Momentum Indicator | 27.11 |
Howmet AerospaceInc Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Howmet AerospaceInc's price direction in advance. Along with the technical and fundamental analysis of Howmet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Howmet to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0972 | |||
| Jensen Alpha | 0.1624 | |||
| Total Risk Alpha | 0.0807 | |||
| Sortino Ratio | 0.0892 | |||
| Treynor Ratio | 0.2579 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Howmet AerospaceInc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in housing. To learn how to invest in Howmet Stock, please use our How to Invest in Howmet AerospaceInc guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Howmet Stock analysis
When running Howmet AerospaceInc's price analysis, check to measure Howmet AerospaceInc'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 Howmet AerospaceInc is operating at the current time. Most of Howmet AerospaceInc's value examination focuses on studying past and present price action to predict the probability of Howmet AerospaceInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Howmet AerospaceInc's price. Additionally, you may evaluate how the addition of Howmet AerospaceInc to your portfolios can decrease your overall portfolio volatility.
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Is Howmet AerospaceInc'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 Howmet AerospaceInc. If investors know Howmet 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 Howmet AerospaceInc 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 1.086 | Dividend Share 0.17 | Earnings Share 1.83 | Revenue Per Share 16.117 | Quarterly Revenue Growth 0.144 |
The market value of Howmet AerospaceInc is measured differently than its book value, which is the value of Howmet that is recorded on the company's balance sheet. Investors also form their own opinion of Howmet AerospaceInc's value that differs from its market value or its book value, called intrinsic value, which is Howmet AerospaceInc'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 Howmet AerospaceInc's market value can be influenced by many factors that don't directly affect Howmet AerospaceInc'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 Howmet AerospaceInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Howmet AerospaceInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Howmet AerospaceInc'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.