Halliburton Stock Market Value

HAL -  USA Stock  

USD 30.95  0.91  3.03%

Halliburton's market value is the price at which a share of Halliburton stock trades on a public exchange. It measures the collective expectations of Halliburton investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Halliburton and determine expected loss or profit from investing in Halliburton over a given investment horizon. Please check Halliburton Hype Analysis, Halliburton Correlation, Halliburton Valuation, Halliburton Volatility, as well as analyze Halliburton Alpha and Beta and Halliburton Performance.
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Backtest


Is Halliburton'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 Halliburton. If investors know Halliburton 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 Halliburton listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Halliburton is measured differently than its book value, which is the value of Halliburton that is recorded on the company's balance sheet. Investors also form their own opinion of Halliburton's value that differs from its market value or its book value, called intrinsic value, which is Halliburton'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 Halliburton's market value can be influenced by many factors that don't directly affect Halliburton'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 Halliburton's value and its price as these two are different measures arrived at by different means. Investors typically determine Halliburton value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Halliburton'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.

Halliburton '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 Halliburton'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 Halliburton.
0.00
05/27/2022
No Change 0.00  0.0 
In 30 days
06/26/2022
0.00
If you would invest  0.00  in Halliburton on May 27, 2022 and sell it all today you would earn a total of 0.00 from holding Halliburton or generate 0.0% return on investment in Halliburton over 30 days. Halliburton is related to or competes with Baker Hughes, Caterpillar, ATT, Disney, Hp, Exxon, and Microsoft Corp. Halliburton Company provides products and services to the energy industry worldwideMore

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

Halliburton Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Halliburton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Halliburton's standard deviation. In reality, there are many statistical measures that can use Halliburton historical prices to predict the future Halliburton's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Halliburton'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 Halliburton in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
27.5530.9334.31
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Intrinsic
Valuation
LowReal ValueHigh
26.1929.5732.95
Details
Naive
Forecast
LowNext ValueHigh
22.5625.9429.31
Details
18 Analysts
Consensus
LowTarget PriceHigh
18.2029.1436.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Halliburton. Your research has to be compared to or analyzed against Halliburton's peers to derive any actionable benefits. When done correctly, Halliburton'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 Halliburton.

Halliburton Backtested Returns

Halliburton holds Efficiency (Sharpe) Ratio of -0.0696, which attests that the entity had -0.0696% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Halliburton exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Halliburton risk adjusted performance of (0.08), and Market Risk Adjusted Performance of (0.16) to validate the risk estimate we provide.
The company retains a Market Volatility (i.e., Beta) of 1.3329, which attests to a somewhat significant risk relative to the market. 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. Even though it is essential to pay attention to Halliburton current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy towards determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Halliburton exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Halliburton has an expected return of -0.23%. Please be advised to check out Halliburton potential upside, and the relationship between the sortino ratio and skewness to decide if Halliburton performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.56  

Good reverse predictability

Halliburton has good reverse predictability. Overlapping area represents the amount of predictability between Halliburton time series from 27th of May 2022 to 11th of June 2022 and 11th of June 2022 to 26th of June 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 Halliburton price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Halliburton price fluctuation can be explain by its past prices.
Correlation Coefficient-0.56
Spearman Rank Test-0.32
Residual Average0.0
Price Variance6.04

Halliburton lagged returns against current returns

Autocorrelation, which is Halliburton 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 Halliburton's stock expected returns. We can calculate the autocorrelation of Halliburton returns to help us make a trade decision. For example, suppose you find that Halliburton 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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Halliburton 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 Halliburton stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Halliburton stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Halliburton stock over time.
 Current vs Lagged Prices 
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Halliburton Lagged Returns

When evaluating Halliburton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Halliburton stock have on its future price. Halliburton 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, Halliburton autocorrelation shows the relationship between Halliburton stock current value and its past values and can show if there is a momentum factor associated with investing in Halliburton.
 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 Halliburton without increasing your portfolio risk or giving up 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 Halliburton Hype Analysis, Halliburton Correlation, Halliburton Valuation, Halliburton Volatility, as well as analyze Halliburton Alpha and Beta and 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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...