Honeywell International Stock Market Value

HON Stock  USD 191.08  0.72  0.38%   
Honeywell International's market value is the price at which a share of Honeywell International trades on a public exchange. It measures the collective expectations of Honeywell International investors about its performance. Honeywell International is selling at 191.08 as of the 19th of April 2024; that is 0.38 percent increase since the beginning of the trading day. The stock's open price was 190.36.
With this module, you can estimate the performance of a buy and hold strategy of Honeywell International and determine expected loss or profit from investing in Honeywell International over a given investment horizon. Check out Honeywell International Correlation, Honeywell International Volatility and Honeywell International Alpha and Beta module to complement your research on Honeywell International.
To learn how to invest in Honeywell Stock, please use our How to Invest in Honeywell International guide.
Symbol

Honeywell International Price To Book Ratio

Is Honeywell International'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 Honeywell International. If investors know Honeywell 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 Honeywell International 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
0.268
Dividend Share
4.17
Earnings Share
8.47
Revenue Per Share
55.297
Quarterly Revenue Growth
0.028
The market value of Honeywell International is measured differently than its book value, which is the value of Honeywell that is recorded on the company's balance sheet. Investors also form their own opinion of Honeywell International's value that differs from its market value or its book value, called intrinsic value, which is Honeywell International'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 Honeywell International's market value can be influenced by many factors that don't directly affect Honeywell International'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 Honeywell International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Honeywell International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Honeywell International'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.

Honeywell International '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 Honeywell International'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 Honeywell International.
0.00
01/20/2024
No Change 0.00  0.0 
In 2 months and 31 days
04/19/2024
0.00
If you would invest  0.00  in Honeywell International on January 20, 2024 and sell it all today you would earn a total of 0.00 from holding Honeywell International or generate 0.0% return on investment in Honeywell International over 90 days. Honeywell International is related to or competes with MDU Resources, Compass Diversified, Brookfield Business, and Matthews International. Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide More

Honeywell International 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 Honeywell International'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 Honeywell International upside and downside potential and time the market with a certain degree of confidence.

Honeywell International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Honeywell International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Honeywell International's standard deviation. In reality, there are many statistical measures that can use Honeywell International historical prices to predict the future Honeywell International's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Honeywell International'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.
Hype
Prediction
LowEstimatedHigh
190.07191.08192.09
Details
Intrinsic
Valuation
LowRealHigh
153.76154.77210.19
Details
Naive
Forecast
LowNextHigh
186.37187.39188.40
Details
26 Analysts
Consensus
LowTargetHigh
196.34215.76239.49
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Honeywell International. Your research has to be compared to or analyzed against Honeywell International's peers to derive any actionable benefits. When done correctly, Honeywell International's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Honeywell International.

Honeywell International Backtested Returns

Honeywell International holds Efficiency (Sharpe) Ratio of -0.0745, which attests that the entity had a -0.0745% return per unit of risk over the last 3 months. Honeywell International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Honeywell International's Standard Deviation of 1.0, market risk adjusted performance of (0.05), and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.93, which attests to possible diversification benefits within a given portfolio. Honeywell International returns are very sensitive to returns on the market. As the market goes up or down, Honeywell International is expected to follow. Honeywell International has an expected return of -0.0755%. Please make sure to check out Honeywell International potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Honeywell International performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.19  

Insignificant reverse predictability

Honeywell International has insignificant reverse predictability. Overlapping area represents the amount of predictability between Honeywell International time series from 20th of January 2024 to 5th of March 2024 and 5th of March 2024 to 19th 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 Honeywell International price movement. The serial correlation of -0.19 indicates that over 19.0% of current Honeywell International price fluctuation can be explain by its past prices.
Correlation Coefficient-0.19
Spearman Rank Test0.06
Residual Average0.0
Price Variance11.09

Honeywell International lagged returns against current returns

Autocorrelation, which is Honeywell International 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 Honeywell International's stock expected returns. We can calculate the autocorrelation of Honeywell International returns to help us make a trade decision. For example, suppose you find that Honeywell International 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  

Honeywell International 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 Honeywell International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Honeywell International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Honeywell International stock over time.
   Current vs Lagged Prices   
       Timeline  

Honeywell International Lagged Returns

When evaluating Honeywell International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Honeywell International stock have on its future price. Honeywell International 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, Honeywell International autocorrelation shows the relationship between Honeywell International stock current value and its past values and can show if there is a momentum factor associated with investing in Honeywell International.
   Regressed Prices   
       Timeline  

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When determining whether Honeywell International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Honeywell International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Honeywell International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Honeywell International Stock:

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When running Honeywell International's price analysis, check to measure Honeywell International'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 Honeywell International is operating at the current time. Most of Honeywell International's value examination focuses on studying past and present price action to predict the probability of Honeywell International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honeywell International's price. Additionally, you may evaluate how the addition of Honeywell International to your portfolios can decrease your overall portfolio volatility.
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Honeywell International 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.
A focus of Honeywell International technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Honeywell International trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...