Highway Holdings Limited Stock Market Value
| HIHO Stock | USD 2.08 0.01 0.48% |
| Symbol | Highway |
Highway Holdings Price To Book Ratio
Is Highway Holdings' 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 Highway Holdings. If investors know Highway 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 Highway Holdings 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 5.885 | Dividend Share 0.2 | Earnings Share (0.23) | Revenue Per Share 1.987 | Quarterly Revenue Growth 0.603 |
The market value of Highway Holdings is measured differently than its book value, which is the value of Highway that is recorded on the company's balance sheet. Investors also form their own opinion of Highway Holdings' value that differs from its market value or its book value, called intrinsic value, which is Highway Holdings' 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 Highway Holdings' market value can be influenced by many factors that don't directly affect Highway Holdings' 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 Highway Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Highway Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highway Holdings' 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.
Highway Holdings '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 Highway Holdings' 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 Highway Holdings.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Highway Holdings on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding Highway Holdings Limited or generate 0.0% return on investment in Highway Holdings over 60 days. Highway Holdings is related to or competes with Deswell Industries, Euro Tech, China Natural, and Arts Way. Highway Holdings Limited, together with its subsidiaries, manufactures and supplies metal, plastic, electric, and electr... More
Highway Holdings 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 Highway Holdings' 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 Highway Holdings Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.65 | |||
| Information Ratio | 0.004 | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 3.02 |
Highway Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Highway Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Highway Holdings' standard deviation. In reality, there are many statistical measures that can use Highway Holdings historical prices to predict the future Highway Holdings' volatility.| Risk Adjusted Performance | 0.0419 | |||
| Jensen Alpha | 0.0968 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.004 | |||
| Treynor Ratio | (0.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Highway Holdings' 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.
Highway Holdings Backtested Returns
We consider Highway Holdings relatively risky. Highway Holdings holds Efficiency (Sharpe) Ratio of 0.0559, which attests that the entity had a 0.0559% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Highway Holdings, which you can use to evaluate the volatility of the firm. Please check out Highway Holdings' Downside Deviation of 1.65, risk adjusted performance of 0.0419, and Market Risk Adjusted Performance of (0.61) to validate if the risk estimate we provide is consistent with the expected return of 0.095%. Highway Holdings has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Highway Holdings are expected to decrease at a much lower rate. During the bear market, Highway Holdings is likely to outperform the market. Highway Holdings right now retains a risk of 1.7%. Please check out Highway Holdings potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Highway Holdings will be following its current trending patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
Highway Holdings Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Highway Holdings time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 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 Highway Holdings price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Highway Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Highway Holdings lagged returns against current returns
Autocorrelation, which is Highway Holdings 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 Highway Holdings' stock expected returns. We can calculate the autocorrelation of Highway Holdings returns to help us make a trade decision. For example, suppose you find that Highway Holdings 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 |
Highway Holdings 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 Highway Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Highway Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Highway Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Highway Holdings Lagged Returns
When evaluating Highway Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Highway Holdings stock have on its future price. Highway Holdings 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, Highway Holdings autocorrelation shows the relationship between Highway Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Highway Holdings Limited.
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 Highway Holdings 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, Highway Holdings' short interest history, or implied volatility extrapolated from Highway Holdings options trading.
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Try AI Portfolio ArchitectCheck out Highway Holdings Correlation, Highway Holdings Volatility and Highway Holdings Alpha and Beta module to complement your research on Highway Holdings. Note that the Highway Holdings information on this page should be used as a complementary analysis to other Highway Holdings' 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Highway Stock analysis
When running Highway Holdings' price analysis, check to measure Highway Holdings' 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 Highway Holdings is operating at the current time. Most of Highway Holdings' value examination focuses on studying past and present price action to predict the probability of Highway Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highway Holdings' price. Additionally, you may evaluate how the addition of Highway Holdings to your portfolios can decrease your overall portfolio volatility.
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Highway Holdings 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.