HP Stock Story

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HPQ
 Stock
  

USD 32.45  1.00  2.99%   

By Vlad Skutelnik
Macroaxis Story
As many millenniums are excited about technology space, it is only fair to recap HP Inc against current market trends. As expected, HP is starting to reaffirm its true potential as insiders are becoming more and more confident in the future outlook. Enough of the dispositions of the company stock price movements has been a presentation of what is happening in the market overall. The symptom of healthy basic indicators of the firm suggests a short-term price swing for insiders of HP. HP Inc is scheduled to announce its earnings today. The next fiscal year end is expected on the 22nd of November 2022.
Published over two months ago
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Will HP (NYSE:HPQ) price continue to roll up in July?

The entity's average rating is Sell from 9 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on HP market sentiment investors' perception of the future value of HP. Let us look at a few aspects of HP technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of HP Inc. In general, we focus on analyzing HP stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build HP's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of HP's intrinsic value. In addition to deriving basic predictive indicators for HP, we also check how macroeconomic factors affect HP price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of HP'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. Please use the tools below to analyze the current value of HP in the context of predictive analytics.
Hype
Prediction
Details
Intrinsic
Valuation
Details
Naive
Forecast
Details
9 Analysts
Consensus
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as HP. Your research has to be compared to or analyzed against HP's peers to derive any actionable benefits. When done correctly, HP's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in HP Inc.

How does HP Stands against Peers?

Analyzing HP competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to HP across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out HP Competition Details

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for HP, but it might be worth checking our own buy vs. sell analysis

Closer look at HP Semi Deviation

HP Inc has current Semi Deviation of 2.93. Semi-deviation provides a good measure of downside risk for a equity or a portfolio. It is similar to standard deviation, but it only looks at periods where the returns are less than the target or average level.

Semi-deviation is the square root of semi-variance. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.

Semi Deviation 
=  
SQRT(SV) 
 = 
2.93
SQRT = Square root notation
SV =   HP semi variance of returns over selected period
Let's now compare HP Semi Deviation to its closest peers:
HPQ
CAJ
MICT
HPQ2.933609691785004
CAJ1.4
MICT4.4

Will price continue to roll up in July 2022?

Recent Information Ratio is up to 0.07. Price may decline again. HP Inc shows above-average downside volatility for the selected time horizon. We advise investors to inspect HP Inc further and ensure that all market timing and asset allocation strategies are consistent with the estimation of HP future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure HP's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact HP's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

HP Implied Volatility

HP's implied volatility exposes the market's sentiment of HP Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if HP's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that HP stock will not fluctuate a lot when HP's options are near their expiration.

The Bottom Line

Although many other companies within the computer hardware industry are still a little expensive, even after the recent corrections, HP may offer a potential longer-term growth to insiders. With an impartial outlook on the current market volatility, it may be better to hold off any inventment activity and neither acquire nor exit any shares of HP at this time. The HP Inc risk-reward trade off is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to HP.

Editorial Staff

Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management. View Profile
This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of HP Inc. Please refer to our Terms of Use for any information regarding our disclosure principles.

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