Himalaya Shipping Stock Price on May 7, 2024
| HSHP Stock | 5.21 0.21 3.87% |
If you're considering investing in Himalaya Stock, it is important to understand the factors that can impact its price. As of today, the current price of Himalaya Shipping stands at 5.21, as last reported on the 11th of December 2024, with the highest price reaching 5.33 and the lowest price hitting 5.07 during the day. Himalaya Shipping holds Efficiency (Sharpe) Ratio of -0.17, which attests that the entity had a -0.17% return per unit of risk over the last 3 months. Himalaya Shipping exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Himalaya Shipping's Market Risk Adjusted Performance of (1.47), risk adjusted performance of (0.11), and Standard Deviation of 2.92 to validate the risk estimate we provide.
Himalaya Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Himalaya |
Sharpe Ratio = -0.1663
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Estimated Market Risk
| 2.92 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.49 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Himalaya Shipping is not performing at its full potential. However, 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 Himalaya Shipping by adding Himalaya Shipping to a well-diversified portfolio.
Himalaya Shipping Valuation on May 7, 2024
It is possible to determine the worth of Himalaya Shipping on a given historical date. On May 7, 2024 Himalaya was worth 7.98 at the beginning of the trading date compared to the closed value of 8.13. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Himalaya Shipping stock. Still, in general, we apply an absolute valuation method to find Himalaya Shipping's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Himalaya Shipping where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Himalaya Shipping's related companies.
| Open | High | Low | Close | Volume | |
| 7.83 | 7.93 | 7.79 | 7.84 | 65,139 | |
05/07/2024 | 7.98 | 8.23 | 7.94 | 8.13 | 126,490 |
| 8.01 | 8.08 | 7.86 | 7.99 | 126,248 |
| Backtest Himalaya Shipping | | | Himalaya Shipping History | | | Himalaya Shipping Valuation | Previous | Next |
Himalaya Shipping Trading Date Momentum on May 7, 2024
| On May 08 2024 Himalaya Shipping was traded for 7.99 at the closing time. The top price for the day was 8.08 and the lowest listed price was 7.86 . The trading volume for the day was 126.2 K. The trading history from May 8, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.72% . The trading delta at closing time against the current closing price is 5.90% . |
Himalaya Shipping Fundamentals Correlations and Trends
By evaluating Himalaya Shipping's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Himalaya Shipping's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Himalaya financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Himalaya Shipping Stock history
Himalaya Shipping investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Himalaya is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Himalaya Shipping will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Himalaya Shipping stock prices may prove useful in developing a viable investing in Himalaya Shipping
Himalaya Shipping Stock Technical Analysis
Himalaya Shipping 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.
Price Boundaries
Himalaya Shipping Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Himalaya Shipping December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Himalaya Shipping stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Himalaya Shipping shares will generate the highest return on investment. By undertsting and applying Himalaya Shipping stock market strength indicators, traders can identify Himalaya Shipping entry and exit signals to maximize returns
Himalaya Shipping Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Himalaya Shipping's price direction in advance. Along with the technical and fundamental analysis of Himalaya Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Himalaya to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.53) | |||
| Total Risk Alpha | (0.96) | |||
| Treynor Ratio | (1.48) |
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| Volume Indicators |
Additional Tools for Himalaya Stock Analysis
When running Himalaya Shipping's price analysis, check to measure Himalaya Shipping'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 Himalaya Shipping is operating at the current time. Most of Himalaya Shipping's value examination focuses on studying past and present price action to predict the probability of Himalaya Shipping's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Himalaya Shipping's price. Additionally, you may evaluate how the addition of Himalaya Shipping to your portfolios can decrease your overall portfolio volatility.