Howmet Stock Market Value

HWM
 Stock
  

USD 38.90  0.49  1.28%   

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


Is Howmet AerospaceInc'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 Howmet AerospaceInc. If investors know Howmet 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 Howmet AerospaceInc 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
2.17
Market Capitalization
15.6 B
Quarterly Revenue Growth YOY
0.12
Return On Assets
0.0596
Return On Equity
0.13
The market value of Howmet AerospaceInc is measured differently than its book value, which is the value of Howmet that is recorded on the company's balance sheet. Investors also form their own opinion of Howmet AerospaceInc's value that differs from its market value or its book value, called intrinsic value, which is Howmet AerospaceInc'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 Howmet AerospaceInc's market value can be influenced by many factors that don't directly affect Howmet AerospaceInc'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 Howmet AerospaceInc's value and its price as these two are different measures arrived at by different means. Investors typically determine Howmet AerospaceInc value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Howmet AerospaceInc'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.

Howmet AerospaceInc '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 Howmet AerospaceInc'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 Howmet AerospaceInc.
0.00
12/07/2021
No Change 0.00  0.0 
In 11 months and 27 days
12/02/2022
0.00
If you would invest  0.00  in Howmet AerospaceInc on December 7, 2021 and sell it all today you would earn a total of 0.00 from holding Howmet AerospaceInc or generate 0.0% return on investment in Howmet AerospaceInc over 360 days. Howmet AerospaceInc is related to or competes with Bank Central, PT Bank, GROWTH FUND, VANGUARD SMALL-CAP, and Anheuser-Busch InBev. Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries in the Unit... More

Howmet AerospaceInc 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 Howmet AerospaceInc'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 Howmet AerospaceInc upside and downside potential and time the market with a certain degree of confidence.

Howmet AerospaceInc Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Howmet AerospaceInc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Howmet AerospaceInc's standard deviation. In reality, there are many statistical measures that can use Howmet AerospaceInc historical prices to predict the future Howmet AerospaceInc's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Howmet AerospaceInc'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 Howmet AerospaceInc in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
36.2538.3840.51
Details
Intrinsic
Valuation
LowReal ValueHigh
35.4937.6239.75
Details
Naive
Forecast
LowNext ValueHigh
36.6038.7340.86
Details
6 Analysts
Consensus
LowTarget PriceHigh
35.0038.7140.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Howmet AerospaceInc. Your research has to be compared to or analyzed against Howmet AerospaceInc's peers to derive any actionable benefits. When done correctly, Howmet AerospaceInc'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 Howmet AerospaceInc.

Howmet AerospaceInc Backtested Returns

Howmet AerospaceInc appears to be very steady, given 3 months investment horizon. Howmet AerospaceInc holds Efficiency (Sharpe) Ratio of 0.0951, which attests that the entity had 0.0951% of return per unit of risk over the last 3 months. Our standpoint towards 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 Howmet AerospaceInc, which you can use to evaluate the future volatility of the firm. Please utilize Howmet AerospaceInc's Risk Adjusted Performance of 0.0942, downside deviation of 2.09, and Market Risk Adjusted Performance of 0.1101 to validate if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Howmet AerospaceInc holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 1.1687, which attests to a somewhat significant risk relative to the market. Let's try to break down what Howmet'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, Howmet AerospaceInc will likely underperform. Although it is important to respect Howmet AerospaceInc current price history, it is better to be realistic regarding the information on the equity's current price movements. The philosophy towards 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 evaluating Howmet AerospaceInc technical indicators, you can presently evaluate if the expected return of 0.2% will be sustainable into the future. Please utilizes Howmet AerospaceInc downside variance, as well as the relationship between the accumulation distribution and price action indicator to make a quick decision on whether Howmet AerospaceInc current trending patterns will revert.

Auto-correlation

    
  0.15  

Insignificant predictability

Howmet AerospaceInc has insignificant predictability. Overlapping area represents the amount of predictability between Howmet AerospaceInc time series from 7th of December 2021 to 5th of June 2022 and 5th of June 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 Howmet AerospaceInc price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Howmet AerospaceInc price fluctuation can be explain by its past prices.
Correlation Coefficient0.15
Spearman Rank Test0.23
Residual Average0.0
Price Variance5.22

Howmet AerospaceInc lagged returns against current returns

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

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

Howmet AerospaceInc Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Howmet AerospaceInc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please check Howmet AerospaceInc Correlation, Howmet AerospaceInc Volatility and Howmet AerospaceInc Alpha and Beta module to complement your research on Howmet AerospaceInc. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for analysis

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