HP Stock Market Value

HPQ
 Stock
  

USD 29.64  0.22  0.74%   

HP's market value is the price at which a share of HP stock trades on a public exchange. It measures the collective expectations of HP Inc investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of HP Inc and determine expected loss or profit from investing in HP over a given investment horizon. Please check HP Correlation, HP Volatility and HP Alpha and Beta module to complement your research on HP.
Symbol


Is HP'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 HP. If investors know HP 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 HP 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 YOY
0.17
Market Capitalization
31.1 B
Quarterly Revenue Growth YOY
(0.11) 
Return On Assets
0.085
The market value of HP Inc is measured differently than its book value, which is the value of HP that is recorded on the company's balance sheet. Investors also form their own opinion of HP's value that differs from its market value or its book value, called intrinsic value, which is HP'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 HP's market value can be influenced by many factors that don't directly affect HP'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 HP's value and its price as these two are different measures arrived at by different means. Investors typically determine HP value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HP'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.

HP '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 HP'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 HP.
0.00
11/02/2022
No Change 0.00  0.0 
In 31 days
12/02/2022
0.00
If you would invest  0.00  in HP on November 2, 2022 and sell it all today you would earn a total of 0.00 from holding HP Inc or generate 0.0% return on investment in HP over 30 days. HP is related to or competes with Fiserv, Anheuser-Busch InBev, Anheuser Busch, Etsy, Linde PLC, Procter Gamble, and Verizon Communications. HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, s... More

HP 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 HP'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 HP Inc upside and downside potential and time the market with a certain degree of confidence.

HP Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for HP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HP's standard deviation. In reality, there are many statistical measures that can use HP historical prices to predict the future HP's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of HP'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. Please use the tools below to analyze the current value of HP in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
27.0729.4531.83
Details
Intrinsic
Valuation
LowReal ValueHigh
26.5332.0634.44
Details
9 Analysts
Consensus
LowTarget PriceHigh
33.0035.5740.00
Details
Earnings
Estimates (7)
LowProjected EPSHigh
4.034.164.26
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as HP. Your research has to be compared to or analyzed against HP's peers to derive any actionable benefits. When done correctly, HP's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in HP Inc.

HP Inc Backtested Returns

We consider HP very steady. HP Inc retains Efficiency (Sharpe Ratio) of 0.0685, which attests that the entity had 0.0685% of return per unit of price deviation over the last 3 months. Our outlook to determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for HP, which you can use to evaluate the future volatility of the firm. Please check out HP Inc standard deviation of 2.54, and Market Risk Adjusted Performance of (0.010006) to validate if the risk estimate we provide is consistent with the expected return of 0.16%.
HP has a performance score of 5 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 1.337, which attests to a somewhat significant risk relative to the market. Let's try to break down what HP's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HP will likely underperform. Although it is important to respect HP Inc existing price patterns, it is better to be realistic regarding the information on the equity's price patterns. The way in which we are determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting HP Inc technical indicators, you can at this moment evaluate if the expected return of 0.16% will be sustainable into the future. HP Inc today owns a risk of 2.38%. Please check out HP Inc maximum drawdown, and the relationship between the information ratio and expected short fall to decide if HP Inc will be following its current price history.

Auto-correlation

    
  0.01  

Virtually no predictability

HP Inc has virtually no predictability. Overlapping area represents the amount of predictability between HP time series from 2nd of November 2022 to 17th of November 2022 and 17th of November 2022 to 2nd of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HP Inc price movement. The serial correlation of 0.01 indicates that just 1.0% of current HP price fluctuation can be explain by its past prices.
Correlation Coefficient0.01
Spearman Rank Test0.54
Residual Average0.0
Price Variance0.15

HP Inc lagged returns against current returns

Autocorrelation, which is HP 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 HP's stock expected returns. We can calculate the autocorrelation of HP returns to help us make a trade decision. For example, suppose you find that HP stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

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

HP Lagged Returns

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

HP Investors Sentiment

The influence of HP's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in HP. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to HP's public news can be used to forecast risks associated with investment in HP. The trend in average sentiment can be used to explain how an investor holding HP can time the market purely based on public headlines and social activities around HP Inc. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
HP's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for HP's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average HP's news discussions. The higher the estimated score, the more favorable is the investor's outlook on HP.

HP Implied Volatility

    
  54.41  
HP's implied volatility exposes the market's sentiment of HP Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if HP's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that HP stock will not fluctuate a lot when HP's options are near their expiration.
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 HP 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, HP's short interest history, or implied volatility extrapolated from HP options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as HP Inc using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check HP Correlation, HP Volatility and HP Alpha and Beta module to complement your research on HP. You can also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running HP Inc price analysis, check to measure HP'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 HP is operating at the current time. Most of HP's value examination focuses on studying past and present price action to predict the probability of HP's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move HP's price. Additionally, you may evaluate how the addition of HP to your portfolios can decrease your overall portfolio volatility.
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HP 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 HP technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of HP 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...