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Is Herman Miller (NASDAQ:MLHR) stock way too aggressive for baby boomers?
 | By Ellen Johnson | Macroaxis Story |
It seems Herman Miller will continue to recover much faster as its share price surged up 4.06% today. Herman Miller's current daily volatility is 3.22 percent, with a beta of -0.19 and an alpha of 0.1 over DOW. As many of us are excited about elevated trading volume, it is fair to sum up Herman Miller. We will look into some reasons why it is still possible for Herman Miller to maintain above-average margins while minimizing volatility.
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Reviewed by Rifka Kats
Herman Miller currently holds roughly 461 M in cash with 221.8 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.83. Our trade recommendations module complements current analysts and expert consensus on Herman Miller. It analyzes the firm potential to grow using all fundamental, technical, and market related data available at the time.
How important is Herman Miller's Liquidity
Herman Miller financial leverage refers to using borrowed capital as a funding source to finance Herman Miller ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Herman Miller financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Herman Miller's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Herman Miller's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Herman Miller's total debt and its cash.
Herman Miller Correlation with Peers
Investors in Herman can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Herman Miller. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Herman Miller and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Herman is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Herman for more details
What is the case for Herman Miller Investors
We consider Herman Miller not too volatile. Herman Miller holds Efficiency (Sharpe) Ratio of 0.0467, which attests that the entity had 0.0467% of return per unit of risk over the last month. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Herman Miller, which you can use to evaluate future volatility of the firm. Please check out Herman Miller Market Risk Adjusted Performance of (0.41), risk adjusted performance of 0.037, and Downside Deviation of 3.56 to validate if the risk estimate we provide is consistent with the expected return of 0.15%.
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