Horizon Bancorp Stock Market Value
| HBNC Stock | USD 18.29 0.11 0.60% |
| Symbol | Horizon |
Horizon Bancorp Price To Book Ratio
Is Regional Banks 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 Horizon Bancorp. If investors know Horizon 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 Horizon Bancorp 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 0.108 | Dividend Share 0.64 | Earnings Share 0.48 | Revenue Per Share 4.205 | Quarterly Revenue Growth 0.069 |
The market value of Horizon Bancorp is measured differently than its book value, which is the value of Horizon that is recorded on the company's balance sheet. Investors also form their own opinion of Horizon Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Horizon Bancorp'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 Horizon Bancorp's market value can be influenced by many factors that don't directly affect Horizon Bancorp'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 Horizon Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Bancorp'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.
Horizon Bancorp '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 Horizon Bancorp'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 Horizon Bancorp.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Horizon Bancorp on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Horizon Bancorp or generate 0.0% return on investment in Horizon Bancorp over 30 days. Horizon Bancorp is related to or competes with Community West, Heritage Financial, First Financial, Sierra Bancorp, German American, Great Southern, and National Bank. Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and reta... More
Horizon Bancorp 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 Horizon Bancorp'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 Horizon Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | 0.0475 | |||
| Maximum Drawdown | 14.62 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 4.16 |
Horizon Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horizon Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horizon Bancorp's standard deviation. In reality, there are many statistical measures that can use Horizon Bancorp historical prices to predict the future Horizon Bancorp's volatility.| Risk Adjusted Performance | 0.087 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0629 | |||
| Treynor Ratio | 0.1229 |
Horizon Bancorp Backtested Returns
Horizon Bancorp appears to be not too volatile, given 3 months investment horizon. Horizon Bancorp holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Horizon Bancorp, which you can use to evaluate the volatility of the firm. Please utilize Horizon Bancorp's Market Risk Adjusted Performance of 0.1329, risk adjusted performance of 0.087, and Downside Deviation of 1.81 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Horizon Bancorp holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 1.97, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Horizon Bancorp will likely underperform. Please check Horizon Bancorp's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Horizon Bancorp's current trending patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Horizon Bancorp has good predictability. Overlapping area represents the amount of predictability between Horizon Bancorp time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Horizon Bancorp price movement. The serial correlation of 0.74 indicates that around 74.0% of current Horizon Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Horizon Bancorp lagged returns against current returns
Autocorrelation, which is Horizon Bancorp 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 Horizon Bancorp's stock expected returns. We can calculate the autocorrelation of Horizon Bancorp returns to help us make a trade decision. For example, suppose you find that Horizon Bancorp 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Horizon Bancorp 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 Horizon Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horizon Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horizon Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
Horizon Bancorp Lagged Returns
When evaluating Horizon Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horizon Bancorp stock have on its future price. Horizon Bancorp 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, Horizon Bancorp autocorrelation shows the relationship between Horizon Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Horizon Bancorp.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Horizon Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Horizon Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Horizon Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Horizon Bancorp Stock:Check out Horizon Bancorp Correlation, Horizon Bancorp Volatility and Horizon Bancorp Alpha and Beta module to complement your research on Horizon Bancorp. For information on how to trade Horizon Stock refer to our How to Trade Horizon Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Horizon Bancorp 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.