Hanesbrands Stock Market Value
| HBI Stock | USD 4.90 0.35 7.69% |
| Symbol | Hanesbrands |
Hanesbrands Price To Book Ratio
Is Hanesbrands' 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 Hanesbrands. If investors know Hanesbrands 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 Hanesbrands 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 (0.47) | Earnings Share (0.05) | Revenue Per Share 16.077 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0374 |
The market value of Hanesbrands is measured differently than its book value, which is the value of Hanesbrands that is recorded on the company's balance sheet. Investors also form their own opinion of Hanesbrands' value that differs from its market value or its book value, called intrinsic value, which is Hanesbrands' 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 Hanesbrands' market value can be influenced by many factors that don't directly affect Hanesbrands' 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 Hanesbrands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanesbrands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanesbrands' 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.
Hanesbrands '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 Hanesbrands' 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 Hanesbrands.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Hanesbrands on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hanesbrands or generate 0.0% return on investment in Hanesbrands over 30 days. Hanesbrands is related to or competes with Signet Jewelers, TheRealReal, and Envela Corp. Hanesbrands Inc., a consumer goods company, designs, manufactures, sources, and sells a range of basic apparel for men, ... More
Hanesbrands 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 Hanesbrands' 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 Hanesbrands upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.05 | |||
| Information Ratio | 0.0524 | |||
| Maximum Drawdown | 17.57 | |||
| Value At Risk | (6.93) | |||
| Potential Upside | 5.65 |
Hanesbrands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hanesbrands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hanesbrands' standard deviation. In reality, there are many statistical measures that can use Hanesbrands historical prices to predict the future Hanesbrands' volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 0.0822 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0446 | |||
| Treynor Ratio | 0.1158 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hanesbrands' 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.
Hanesbrands Backtested Returns
Hanesbrands appears to be relatively risky, given 3 months investment horizon. Hanesbrands holds Efficiency (Sharpe) Ratio of 0.0765, which attests that the entity had a 0.0765% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hanesbrands, which you can use to evaluate the volatility of the firm. Please utilize Hanesbrands' Downside Deviation of 4.05, risk adjusted performance of 0.0564, and Market Risk Adjusted Performance of 0.1258 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hanesbrands holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 2.25, 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, Hanesbrands will likely underperform. Please check Hanesbrands' downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Hanesbrands' current trending patterns will revert.
Auto-correlation | 0.65 |
Good predictability
Hanesbrands has good predictability. Overlapping area represents the amount of predictability between Hanesbrands time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Hanesbrands price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Hanesbrands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Hanesbrands lagged returns against current returns
Autocorrelation, which is Hanesbrands 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 Hanesbrands' stock expected returns. We can calculate the autocorrelation of Hanesbrands returns to help us make a trade decision. For example, suppose you find that Hanesbrands 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 |
Hanesbrands 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 Hanesbrands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hanesbrands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hanesbrands stock over time.
Current vs Lagged Prices |
| Timeline |
Hanesbrands Lagged Returns
When evaluating Hanesbrands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hanesbrands stock have on its future price. Hanesbrands 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, Hanesbrands autocorrelation shows the relationship between Hanesbrands stock current value and its past values and can show if there is a momentum factor associated with investing in Hanesbrands.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Hanesbrands Correlation, Hanesbrands Volatility and Hanesbrands Alpha and Beta module to complement your research on Hanesbrands. For more detail on how to invest in Hanesbrands Stock please use our How to Invest in Hanesbrands guide.Note that the Hanesbrands information on this page should be used as a complementary analysis to other Hanesbrands' 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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Hanesbrands Stock analysis
When running Hanesbrands' price analysis, check to measure Hanesbrands' 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 Hanesbrands is operating at the current time. Most of Hanesbrands' value examination focuses on studying past and present price action to predict the probability of Hanesbrands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanesbrands' price. Additionally, you may evaluate how the addition of Hanesbrands to your portfolios can decrease your overall portfolio volatility.
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Hanesbrands 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.