Halliburton Stock Alpha and Beta Analysis

HAL
 Stock
  

USD 36.36  0.20  0.55%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Halliburton. It also helps investors analyze the systematic and unsystematic risks associated with investing in Halliburton over a specified time horizon. Remember, high Halliburton's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Halliburton Backtesting, Halliburton Valuation, Halliburton Correlation, Halliburton Hype Analysis, Halliburton Volatility, Halliburton History and analyze Halliburton Performance.
  
Please note that although Halliburton alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Halliburton did 0.18  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Halliburton stock's relative risk over its benchmark. Halliburton has a beta of 1.32  . Let's try to break down what Halliburton'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, Halliburton will likely underperform.
Halliburton Enterprise Value is relatively stable at the moment as compared to the past year. The company's current Enterprise Value is estimated at 30.73 Billion. Tangible Asset Value is expected to hike to about 20.5 B this year, although Enterprise Value over EBITDA will most likely fall to 9.26.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

30.73 Billion

Halliburton Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Halliburton market risk premium is the additional return an investor will receive from holding Halliburton long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Halliburton. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Halliburton's performance over market.
α0.18   β1.32
90 days against DJI

Halliburton expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Halliburton's Buy-and-hold return. Our buy-and-hold chart shows how Halliburton performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Halliburton Market Price Analysis

Market price analysis indicators help investors to evaluate how Halliburton stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Halliburton shares will generate the highest return on investment. By understating and applying Halliburton stock market price indicators, traders can identify Halliburton position entry and exit signals to maximize returns.

Halliburton Return and Market Media

The median price of Halliburton for the period between Sun, Aug 28, 2022 and Sat, Nov 26, 2022 is 30.46 with a coefficient of variation of 13.97. The daily time series for the period is distributed with a sample standard deviation of 4.46, arithmetic mean of 31.9, and mean deviation of 3.83. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Halliburton shareholders have earned a 54 percent return ove...09/12/2022
2
EPS Estimate09/30/2022
3
Halliburton exotic insider transaction detected10/03/2022
4
3 Energy Stocks Poised to Outshine Earnings Estimates in Q3 ...10/19/2022
5
EPS Reported10/25/2022
6
Zacks.com featured highlights Kroger, Halliburton, Humana, A...11/08/2022
7
Why Halliburton Is an Attractive Oilfield Service Stock - Na...11/23/2022

About Halliburton Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Halliburton or other stocks. Alpha measures the amount that position in Halliburton has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2021 2022 (projected)
Long Term Debt to Equity1.291.361.11
Interest Coverage3.844.414.53

Halliburton Upcoming Company Events

As portrayed in its financial statements, the presentation of Halliburton's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Halliburton's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Halliburton's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Halliburton. Please utilize our Beneish M Score to check the likelihood of Halliburton's management manipulating its earnings.
Upcoming Quarterly Report24th of January 2022
Next Financial Report20th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End24th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Halliburton

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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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 Halliburton Backtesting, Halliburton Valuation, Halliburton Correlation, Halliburton Hype Analysis, Halliburton Volatility, Halliburton History and analyze Halliburton Performance. Note that the Halliburton information on this page should be used as a complementary analysis to other Halliburton's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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