Hope Bancorp Stock Market Value
| HOPE Stock | USD 10.49 0.23 2.24% |
| Symbol | Hope |
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 Hope Bancorp. If investors know Hope 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 Hope Bancorp 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 Hope Bancorp is measured differently than its book value, which is the value of Hope that is recorded on the company's balance sheet. Investors also form their own opinion of Hope Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Hope 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 Hope Bancorp's market value can be influenced by many factors that don't directly affect Hope 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 Hope Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hope Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hope 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.
Hope 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 Hope 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 Hope Bancorp.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Hope Bancorp on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Hope Bancorp or generate 0.0% return on investment in Hope Bancorp over 90 days. Hope Bancorp is related to or competes with OP Bancorp, PCB Bancorp, Financial Institutions, LINKBANCORP, Hanmi Financial, Northeast Bancorp, and RBB Bancorp. Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides banking services for small and me... More
Hope 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 Hope 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 Hope Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.88 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 2.24 |
Hope Bancorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hope Bancorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hope Bancorp's standard deviation. In reality, there are many statistical measures that can use Hope Bancorp historical prices to predict the future Hope Bancorp's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (1.25) |
Hope Bancorp Backtested Returns
Hope Bancorp holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21 % return per unit of risk over the last 3 months. Hope Bancorp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hope Bancorp's Risk Adjusted Performance of (0.18), market risk adjusted performance of (1.24), and Standard Deviation of 1.77 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hope Bancorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hope Bancorp is expected to be smaller as well. At this point, Hope Bancorp has a negative expected return of -0.37%. Please make sure to check out Hope Bancorp's potential upside, as well as the relationship between the daily balance of power and market facilitation index , to decide if Hope Bancorp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Hope Bancorp has modest predictability. Overlapping area represents the amount of predictability between Hope Bancorp time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hope Bancorp price movement. The serial correlation of 0.55 indicates that about 55.0% of current Hope Bancorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Hope Bancorp lagged returns against current returns
Autocorrelation, which is Hope 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 Hope Bancorp's stock expected returns. We can calculate the autocorrelation of Hope Bancorp returns to help us make a trade decision. For example, suppose you find that Hope 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 |
Hope 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 Hope Bancorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hope Bancorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hope Bancorp stock over time.
Current vs Lagged Prices |
| Timeline |
Hope Bancorp Lagged Returns
When evaluating Hope Bancorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hope Bancorp stock have on its future price. Hope 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, Hope Bancorp autocorrelation shows the relationship between Hope Bancorp stock current value and its past values and can show if there is a momentum factor associated with investing in Hope 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 Hope Bancorp is a strong investment it is important to analyze Hope Bancorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hope Bancorp's future performance. For an informed investment choice regarding Hope Stock, refer to the following important reports:Check out Hope Bancorp Correlation, Hope Bancorp Volatility and Hope Bancorp Alpha and Beta module to complement your research on Hope Bancorp. For information on how to trade Hope Stock refer to our How to Trade Hope Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Hope 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.