Hope Bancorp Stock Market Value
| HOPE Stock | USD 10.87 0.01 0.09% |
| Symbol | Hope |
Hope Bancorp Price To Book Ratio
Is Hope Bancorp'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 Hope Bancorp. If investors know Hope 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 Hope Bancorp 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 (0.36) | Dividend Share 0.56 | Earnings Share 0.99 | Revenue Per Share 4.34 | Quarterly Revenue Growth (0.15) |
The market value of Hope Bancorp is measured differently than its book value, which is the value of Hope that is recorded on the company's balance sheet. Investors also form their own opinion of Hope Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Hope Bancorp'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 Hope Bancorp's market value can be influenced by many factors that don't directly affect Hope Bancorp'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 Hope Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hope Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hope Bancorp'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.
Hope Bancorp '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 Hope Bancorp'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 Hope Bancorp.
| 02/18/2024 |
| 05/18/2024 |
If you would invest 0.00 in Hope Bancorp on February 18, 2024 and sell it all today you would earn a total of 0.00 from holding Hope Bancorp or generate 0.0% return on investment in Hope Bancorp over 90 days. Hope Bancorp is related to or competes with OP Bancorp, PCB Bancorp, Financial Institutions, LINKBANCORP, Hanmi Financial, Northeast Bancorp, and RBB Bancorp. Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides banking services for small and me... More
Hope Bancorp 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 Hope Bancorp'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 Hope Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.34 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.46 |
Hope Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hope Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hope Bancorp's standard deviation. In reality, there are many statistical measures that can use Hope Bancorp historical prices to predict the future Hope Bancorp's volatility.| Risk Adjusted Performance | 0.0178 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0251 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hope Bancorp'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.
Hope Bancorp Backtested Returns
Hope Bancorp holds Efficiency (Sharpe) Ratio of -0.002, which attests that the entity had a -0.002% return per unit of risk over the last 3 months. Hope Bancorp exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hope Bancorp's Risk Adjusted Performance of 0.0178, downside deviation of 2.39, and Market Risk Adjusted Performance of 0.0351 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.14, which attests to a somewhat significant risk relative to the market. Hope Bancorp returns are very sensitive to returns on the market. As the market goes up or down, Hope Bancorp is expected to follow. Hope Bancorp has an expected return of -0.0042%. Please make sure to check out Hope Bancorp downside variance, and the relationship between the treynor ratio and kurtosis , to decide if Hope Bancorp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.39 |
Below average predictability
Hope Bancorp has below average predictability. Overlapping area represents the amount of predictability between Hope Bancorp time series from 18th of February 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Hope Bancorp price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Hope Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Hope Bancorp lagged returns against current returns
Autocorrelation, which is Hope Bancorp 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 Hope Bancorp's stock expected returns. We can calculate the autocorrelation of Hope Bancorp returns to help us make a trade decision. For example, suppose you find that Hope Bancorp 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 |
Hope Bancorp 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 Hope Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hope Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hope Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
Hope Bancorp Lagged Returns
When evaluating Hope Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hope Bancorp stock have on its future price. Hope Bancorp 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, Hope Bancorp autocorrelation shows the relationship between Hope Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Hope Bancorp.
Regressed Prices |
| Timeline |
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Check out Hope Bancorp Correlation, Hope Bancorp Volatility and Hope Bancorp Alpha and Beta module to complement your research on Hope Bancorp. For information on how to trade Hope Stock refer to our How to Trade Hope Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Hope Stock analysis
When running Hope Bancorp's price analysis, check to measure Hope Bancorp'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 Hope Bancorp is operating at the current time. Most of Hope Bancorp's value examination focuses on studying past and present price action to predict the probability of Hope Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hope Bancorp's price. Additionally, you may evaluate how the addition of Hope Bancorp to your portfolios can decrease your overall portfolio volatility.
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Hope Bancorp 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.