Hhg Capital Corp Stock Market Value
| HHGCU Stock | USD 11.35 0.90 7.35% |
| Symbol | HHG |
HHG Capital Corp Price To Book Ratio
Is HHG Capital'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 HHG Capital. If investors know HHG 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 HHG Capital 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 1.722 | Earnings Share (0.04) | Return On Assets (0.01) | Return On Equity 1.6938 |
The market value of HHG Capital Corp is measured differently than its book value, which is the value of HHG that is recorded on the company's balance sheet. Investors also form their own opinion of HHG Capital's value that differs from its market value or its book value, called intrinsic value, which is HHG Capital'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 HHG Capital's market value can be influenced by many factors that don't directly affect HHG Capital'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 HHG Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if HHG Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HHG Capital'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.
HHG Capital '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 HHG Capital'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 HHG Capital.
| 02/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in HHG Capital on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding HHG Capital Corp or generate 0.0% return on investment in HHG Capital over 90 days. HHG Capital is related to or competes with Valuence Merger, HUMANA, Morningstar Unconstrained, Via Renewables, T Rowe, Bondbloxx ETF, and FT Cboe. HHG Capital Corporation does not have significant operations More
HHG Capital 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 HHG Capital'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 HHG Capital Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.8 |
HHG Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HHG Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HHG Capital's standard deviation. In reality, there are many statistical measures that can use HHG Capital historical prices to predict the future HHG Capital's volatility.| Risk Adjusted Performance | 0.0123 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.0161 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HHG Capital'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.
HHG Capital Corp Backtested Returns
We consider HHG Capital not too volatile. HHG Capital Corp holds Efficiency (Sharpe) Ratio of 0.0117, which attests that the entity had a 0.0117% return per unit of return volatility over the last 3 months. We have found nineteen technical indicators for HHG Capital Corp, which you can use to evaluate the volatility of the firm. Please check out HHG Capital's Market Risk Adjusted Performance of 0.0261, risk adjusted performance of 0.0123, and Coefficient Of Variation of 8649.64 to validate if the risk estimate we provide is consistent with the expected return of 0.0155%. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HHG Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding HHG Capital is expected to be smaller as well. HHG Capital Corp at this time retains a risk of 1.32%. Please check out HHG Capital coefficient of variation, total risk alpha, as well as the relationship between the Total Risk Alpha and day median price , to decide if HHG Capital will be following its current trending patterns.
Auto-correlation | 0.28 |
Poor predictability
HHG Capital Corp has poor predictability. Overlapping area represents the amount of predictability between HHG Capital time series from 28th of February 2024 to 13th of April 2024 and 13th of April 2024 to 28th of May 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 HHG Capital Corp price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current HHG Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
HHG Capital Corp lagged returns against current returns
Autocorrelation, which is HHG Capital 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 HHG Capital's stock expected returns. We can calculate the autocorrelation of HHG Capital returns to help us make a trade decision. For example, suppose you find that HHG Capital 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 |
HHG Capital 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 HHG Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HHG Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HHG Capital stock over time.
Current vs Lagged Prices |
| Timeline |
HHG Capital Lagged Returns
When evaluating HHG Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HHG Capital stock have on its future price. HHG Capital 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, HHG Capital autocorrelation shows the relationship between HHG Capital stock current value and its past values and can show if there is a momentum factor associated with investing in HHG Capital Corp.
Regressed Prices |
| Timeline |
Pair Trading with HHG Capital
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 HHG Capital 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 HHG Capital will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to HHG Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HHG Capital 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 HHG Capital - 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 HHG Capital Corp to buy it.
The correlation of HHG Capital 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 HHG Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HHG Capital Corp 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 HHG Capital 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 HHG Capital Correlation, HHG Capital Volatility and HHG Capital Alpha and Beta module to complement your research on HHG Capital. For more information on how to buy HHG Stock please use our How to Invest in HHG Capital guide.Note that the HHG Capital Corp information on this page should be used as a complementary analysis to other HHG Capital'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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for HHG Stock analysis
When running HHG Capital's price analysis, check to measure HHG Capital'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 HHG Capital is operating at the current time. Most of HHG Capital's value examination focuses on studying past and present price action to predict the probability of HHG Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HHG Capital's price. Additionally, you may evaluate how the addition of HHG Capital to your portfolios can decrease your overall portfolio volatility.
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HHG Capital 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.