Bar Harbor Bankshares Stock Market Value
| BHB Stock | USD 25.75 0.47 1.86% |
| Symbol | Bar |
Bar Harbor Bankshares Price To Book Ratio
Is Bar Harbor'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 Bar Harbor. If investors know Bar 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 Bar Harbor 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 (0.23) | Dividend Share 1.12 | Earnings Share 2.75 | Revenue Per Share 9.725 | Quarterly Revenue Growth (0.07) |
The market value of Bar Harbor Bankshares is measured differently than its book value, which is the value of Bar that is recorded on the company's balance sheet. Investors also form their own opinion of Bar Harbor's value that differs from its market value or its book value, called intrinsic value, which is Bar Harbor'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 Bar Harbor's market value can be influenced by many factors that don't directly affect Bar Harbor'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 Bar Harbor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bar Harbor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bar Harbor'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.
Bar Harbor '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 Bar Harbor'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 Bar Harbor.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Bar Harbor on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding Bar Harbor Bankshares or generate 0.0% return on investment in Bar Harbor over 90 days. Bar Harbor is related to or competes with Camden National, Bank of Marin, Arrow Financial, Auburn National, and First Bancorp. Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank Trust that provides commercial, lending, retai... More
Bar Harbor 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 Bar Harbor'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 Bar Harbor Bankshares upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.77 | |||
| Value At Risk | (3.54) | |||
| Potential Upside | 3.72 |
Bar Harbor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bar Harbor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bar Harbor's standard deviation. In reality, there are many statistical measures that can use Bar Harbor historical prices to predict the future Bar Harbor's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bar Harbor'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.
Bar Harbor Bankshares Backtested Returns
Bar Harbor Bankshares secures Sharpe Ratio (or Efficiency) of -0.0271, which signifies that the company had a -0.0271% return per unit of risk over the last 3 months. Bar Harbor Bankshares exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bar Harbor's Risk Adjusted Performance of (0.02), mean deviation of 1.62, and Standard Deviation of 2.2 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.77, which signifies 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, Bar Harbor will likely underperform. Bar Harbor Bankshares has an expected return of -0.0604%. Please make sure to confirm Bar Harbor Bankshares maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Bar Harbor Bankshares performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Bar Harbor Bankshares has very weak reverse predictability. Overlapping area represents the amount of predictability between Bar Harbor time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 Bar Harbor Bankshares price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Bar Harbor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Bar Harbor Bankshares lagged returns against current returns
Autocorrelation, which is Bar Harbor 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 Bar Harbor's stock expected returns. We can calculate the autocorrelation of Bar Harbor returns to help us make a trade decision. For example, suppose you find that Bar Harbor 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 |
Bar Harbor 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 Bar Harbor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bar Harbor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bar Harbor stock over time.
Current vs Lagged Prices |
| Timeline |
Bar Harbor Lagged Returns
When evaluating Bar Harbor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bar Harbor stock have on its future price. Bar Harbor 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, Bar Harbor autocorrelation shows the relationship between Bar Harbor stock current value and its past values and can show if there is a momentum factor associated with investing in Bar Harbor Bankshares.
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 Bar Harbor 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, Bar Harbor's short interest history, or implied volatility extrapolated from Bar Harbor options trading.
Pair Trading with Bar Harbor
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bar Harbor position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bar Harbor will appreciate offsetting losses from the drop in the long position's value.Moving together with Bar Stock
| 0.86 | AX | Axos Financial Earnings Call This Week | PairCorr |
| 0.93 | BY | Byline Bancorp Normal Trading | PairCorr |
Moving against Bar Stock
| 0.55 | KB | KB Financial Group Earnings Call Today | PairCorr |
| 0.54 | TECTP | Tectonic Financial | PairCorr |
| 0.47 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.45 | WF | Woori Financial Group Financial Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Bar Harbor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bar Harbor when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bar Harbor - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bar Harbor Bankshares to buy it.
The correlation of Bar Harbor is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bar Harbor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bar Harbor Bankshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bar Harbor can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bar Harbor Correlation, Bar Harbor Volatility and Bar Harbor Alpha and Beta module to complement your research on Bar Harbor. Note that the Bar Harbor Bankshares information on this page should be used as a complementary analysis to other Bar Harbor's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Bar Stock analysis
When running Bar Harbor's price analysis, check to measure Bar Harbor'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 Bar Harbor is operating at the current time. Most of Bar Harbor's value examination focuses on studying past and present price action to predict the probability of Bar Harbor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bar Harbor's price. Additionally, you may evaluate how the addition of Bar Harbor to your portfolios can decrease your overall portfolio volatility.
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Bar Harbor 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.