Howmet Stock Performance

HWM
 Stock
  

USD 38.41  0.74  1.96%   

Howmet AerospaceInc has a performance score of 6 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.1744, 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 0.17% will be sustainable into the future. Howmet AerospaceInc right now retains a risk of 2.13%. Please check out Howmet AerospaceInc downside variance, as well as the relationship between the accumulation distribution and price action indicator to decide if Howmet AerospaceInc will be following its current trending patterns.
  
Howmet Performance
6 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Howmet AerospaceInc are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Even with relatively weak basic indicators, Howmet AerospaceInc may actually be approaching a critical reversion point that can send shares even higher in January 2023. ...more

Structure and Payout Changes

Forward Annual Dividend Yield
0.0043
Payout Ratio
0.0758
Last Split Factor
1334:1000
Forward Annual Dividend Rate
0.16
Dividend Date
2022-11-25
Ex Dividend Date
2022-11-03

Howmet Price Channel

Begin Period Cash Flow1611000000.00
Total Cashflows From Investing Activities107000000.00

Howmet AerospaceInc Relative Risk vs. Return Landscape

If you would invest  3,498  in Howmet AerospaceInc on September 2, 2022 and sell it today you would earn a total of  343.00  from holding Howmet AerospaceInc or generate 9.81% return on investment over 90 days. Howmet AerospaceInc is generating 0.1709% of daily returns assuming volatility of 2.1315% on return distribution over 90 days investment horizon. In other words, 18% of stocks are less volatile than Howmet, and above 97% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon Howmet AerospaceInc is expected to generate 1.41 times more return on investment than the market. However, the company is 1.41 times more volatile than its market benchmark. It trades about 0.08 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.08 per unit of risk.

Howmet AerospaceInc Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Howmet AerospaceInc's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Howmet AerospaceInc, and traders can use it to determine the average amount a Howmet AerospaceInc's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0802

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Estimated Market Risk
 2.13
  actual daily
 
 18 %
of total potential
 
1818
Expected Return
 0.17
  actual daily
 
 3 %
of total potential
 
33
Risk-Adjusted Return
 0.08
  actual daily
 
 6 %
of total potential
 
66
Based on monthly moving average Howmet AerospaceInc is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Howmet AerospaceInc by adding it to a well-diversified portfolio.

About Howmet AerospaceInc Performance

To evaluate Howmet AerospaceInc Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Howmet AerospaceInc generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Howmet Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Howmet AerospaceInc market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Howmet's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-1000 K-1.1 M
Return on Investment 9.13  9.85 
Return on Average Assets 2.38  2.57 
Return on Average Equity 7.28  7.86 
Return on Invested Capital 0.07  0.06 
Return on Sales 0.12  0.10 

Things to note about Howmet AerospaceInc

Checking the ongoing alerts about Howmet AerospaceInc for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Howmet AerospaceInc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Howmet AerospaceInc Alerts

Equity Alerts and Improvement Suggestions

Over 93.0% of the company shares are owned by institutional investors
On 25th of November 2022 Howmet AerospaceInc paid $ 0.04 per share dividend to its current shareholders
Please check Risk vs Return Analysis. You can also try Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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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
15.3 B
Quarterly Revenue Growth YOY
0.12
Return On Assets
0.0596
Return On Equity
12.84
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.