Hafnia Common Stock vs Short Term Debt Analysis
| HAFN Stock | 5.45 0.05 0.91% |
Hafnia financial indicator trend analysis is much more than just examining Hafnia Limited latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hafnia Limited is a good investment. Please check the relationship between Hafnia Common Stock and its Short Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hafnia Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.
Common Stock vs Short Term Debt
Common Stock vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hafnia Limited Common Stock account and Short Term Debt. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hafnia's Common Stock and Short Term Debt is 0.9. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Hafnia Limited, assuming nothing else is changed. The correlation between historical values of Hafnia's Common Stock and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Hafnia Limited are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Common Stock i.e., Hafnia's Common Stock and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.9 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Common Stock
Short Term Debt
Most indicators from Hafnia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hafnia Limited current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hafnia Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. As of the 30th of December 2024, Selling General Administrative is likely to drop to about 17.8 M. In addition to that, Tax Provision is likely to drop to about 5.5 M
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 147.7M | 205.2M | 219.0M | 204.6M | Interest Income | 2.4M | 7.0M | 17.6M | 18.5M |
Hafnia fundamental ratios Correlations
Click cells to compare fundamentals
Hafnia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Hafnia
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hafnia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hafnia will appreciate offsetting losses from the drop in the long position's value.Moving together with Hafnia Stock
Moving against Hafnia Stock
| 0.74 | SB-PC | Safe Bulkers | PairCorr |
| 0.71 | SB-PD | Safe Bulkers | PairCorr |
| 0.53 | ZIM | ZIM Integrated Shipping | PairCorr |
The ability to find closely correlated positions to Hafnia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hafnia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hafnia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hafnia Limited to buy it.
The correlation of Hafnia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hafnia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hafnia Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hafnia can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hafnia Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Is Oil & Gas Storage & Transportation space 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 Hafnia. If investors know Hafnia 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 Hafnia 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 (0.37) | Dividend Share 0.97 | Revenue Per Share 5.289 | Quarterly Revenue Growth 0.741 | Return On Assets 0.1275 |
The market value of Hafnia Limited is measured differently than its book value, which is the value of Hafnia that is recorded on the company's balance sheet. Investors also form their own opinion of Hafnia's value that differs from its market value or its book value, called intrinsic value, which is Hafnia'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 Hafnia's market value can be influenced by many factors that don't directly affect Hafnia'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 Hafnia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hafnia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hafnia'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.