Harrow Health 8625 Stock Market Value
| HROWL Stock | USD 25.39 0.04 0.16% |
| Symbol | Harrow |
Harrow Health 8625 Price To Book Ratio
Is Pharmaceuticals 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 Harrow Health. If investors know Harrow 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 Harrow Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Equity 0.4484 |
The market value of Harrow Health 8625 is measured differently than its book value, which is the value of Harrow that is recorded on the company's balance sheet. Investors also form their own opinion of Harrow Health's value that differs from its market value or its book value, called intrinsic value, which is Harrow Health'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 Harrow Health's market value can be influenced by many factors that don't directly affect Harrow Health'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 Harrow Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harrow Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harrow Health'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.
Harrow Health '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 Harrow Health'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 Harrow Health.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Harrow Health on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Harrow Health 8625 or generate 0.0% return on investment in Harrow Health over 180 days. Harrow Health is related to or competes with Babcock Wilcox, Babcock Wilcox, B Riley, and SiriusPoint. Harrow Health is entity of United States More
Harrow Health 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 Harrow Health'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 Harrow Health 8625 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2907 | |||
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 1.6 | |||
| Value At Risk | (0.40) | |||
| Potential Upside | 0.4751 |
Harrow Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harrow Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Harrow Health's standard deviation. In reality, there are many statistical measures that can use Harrow Health historical prices to predict the future Harrow Health's volatility.| Risk Adjusted Performance | 0.0778 | |||
| Jensen Alpha | 0.0265 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.35) | |||
| Treynor Ratio | (1.86) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Harrow Health'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.
Harrow Health 8625 Backtested Returns
As of now, Harrow Stock is very steady. Harrow Health 8625 holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Harrow Health 8625, which you can use to evaluate the volatility of the firm. Please check out Harrow Health's Risk Adjusted Performance of 0.0778, downside deviation of 0.2907, and Market Risk Adjusted Performance of (1.85) to validate if the risk estimate we provide is consistent with the expected return of 0.0332%. Harrow Health has a performance score of 9 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0133, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Harrow Health are expected to decrease at a much lower rate. During the bear market, Harrow Health is likely to outperform the market. Harrow Health 8625 right now retains a risk of 0.28%. Please check out Harrow Health value at risk, as well as the relationship between the skewness and day median price , to decide if Harrow Health will be following its current trending patterns.
Auto-correlation | 0.84 |
Very good predictability
Harrow Health 8625 has very good predictability. Overlapping area represents the amount of predictability between Harrow Health time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Harrow Health 8625 price movement. The serial correlation of 0.84 indicates that around 84.0% of current Harrow Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Harrow Health 8625 lagged returns against current returns
Autocorrelation, which is Harrow Health 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 Harrow Health's stock expected returns. We can calculate the autocorrelation of Harrow Health returns to help us make a trade decision. For example, suppose you find that Harrow Health 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 |
Harrow Health 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 Harrow Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Harrow Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Harrow Health stock over time.
Current vs Lagged Prices |
| Timeline |
Harrow Health Lagged Returns
When evaluating Harrow Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Harrow Health stock have on its future price. Harrow Health 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, Harrow Health autocorrelation shows the relationship between Harrow Health stock current value and its past values and can show if there is a momentum factor associated with investing in Harrow Health 8625.
Regressed Prices |
| Timeline |
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Harrow Health 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.