Huntsman Stock Market Value
| HUN Stock | USD 18.26 0.38 2.13% |
| Symbol | Huntsman |
Huntsman Price To Book Ratio
Is Diversified Chemicals 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 Huntsman. If investors know Huntsman 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 Huntsman 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 0.206 | Dividend Share 0.988 | Earnings Share (0.60) | Revenue Per Share 34.793 | Quarterly Revenue Growth 0.023 |
The market value of Huntsman is measured differently than its book value, which is the value of Huntsman that is recorded on the company's balance sheet. Investors also form their own opinion of Huntsman's value that differs from its market value or its book value, called intrinsic value, which is Huntsman'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 Huntsman's market value can be influenced by many factors that don't directly affect Huntsman'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 Huntsman's value and its price as these two are different measures arrived at by different means. Investors typically determine if Huntsman is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Huntsman'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.
Huntsman '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 Huntsman'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 Huntsman.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Huntsman on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Huntsman or generate 0.0% return on investment in Huntsman over 30 days. Huntsman is related to or competes with Valhi, Westlake Chemical, Braskem SA, Dow, AdvanSix, Methanex, and Green Plains. Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide More
Huntsman 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 Huntsman'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 Huntsman upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 10.23 | |||
| Value At Risk | (2.82) | |||
| Potential Upside | 2.14 |
Huntsman Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huntsman's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huntsman's standard deviation. In reality, there are many statistical measures that can use Huntsman historical prices to predict the future Huntsman's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Huntsman'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.
Huntsman Backtested Returns
Huntsman holds Efficiency (Sharpe) Ratio of -0.18, which attests that the entity had a -0.18% return per unit of risk over the last 3 months. Huntsman exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Huntsman's Risk Adjusted Performance of (0.13), market risk adjusted performance of (0.54), and Standard Deviation of 1.73 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Huntsman's returns are expected to increase less than the market. However, during the bear market, the loss of holding Huntsman is expected to be smaller as well. At this point, Huntsman has a negative expected return of -0.31%. Please make sure to check out Huntsman's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Huntsman performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Huntsman has good reverse predictability. Overlapping area represents the amount of predictability between Huntsman time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Huntsman price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Huntsman price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Huntsman lagged returns against current returns
Autocorrelation, which is Huntsman 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 Huntsman's stock expected returns. We can calculate the autocorrelation of Huntsman returns to help us make a trade decision. For example, suppose you find that Huntsman 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 |
Huntsman 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 Huntsman stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huntsman stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huntsman stock over time.
Current vs Lagged Prices |
| Timeline |
Huntsman Lagged Returns
When evaluating Huntsman's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huntsman stock have on its future price. Huntsman 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, Huntsman autocorrelation shows the relationship between Huntsman stock current value and its past values and can show if there is a momentum factor associated with investing in Huntsman.
Regressed Prices |
| Timeline |
Pair Trading with Huntsman
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 Huntsman 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 Huntsman will appreciate offsetting losses from the drop in the long position's value.Moving together with Huntsman Stock
Moving against Huntsman Stock
| 0.78 | WS | Worthington Steel | PairCorr |
| 0.78 | WLKP | Westlake Chemical | PairCorr |
| 0.46 | RS | Reliance Steel Aluminum | PairCorr |
| 0.42 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
The ability to find closely correlated positions to Huntsman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Huntsman 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 Huntsman - 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 Huntsman to buy it.
The correlation of Huntsman 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 Huntsman moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Huntsman 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 Huntsman 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 Huntsman Correlation, Huntsman Volatility and Huntsman Alpha and Beta module to complement your research on Huntsman. To learn how to invest in Huntsman Stock, please use our How to Invest in Huntsman guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Huntsman 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.