Hawaiian Holdings Stock Market Value
| HA Stock | USD 12.42 0.48 3.72% |
| Symbol | Hawaiian |
Hawaiian Holdings Price To Book Ratio
Is Hawaiian Holdings' industry 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 Hawaiian Holdings. If investors know Hawaiian 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 Hawaiian Holdings 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 (0.08) | Earnings Share (5.05) | Revenue Per Share 53.199 | Quarterly Revenue Growth 0.054 | Return On Assets (0.06) |
The market value of Hawaiian Holdings is measured differently than its book value, which is the value of Hawaiian that is recorded on the company's balance sheet. Investors also form their own opinion of Hawaiian Holdings' value that differs from its market value or its book value, called intrinsic value, which is Hawaiian Holdings' 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 Hawaiian Holdings' market value can be influenced by many factors that don't directly affect Hawaiian Holdings' 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 Hawaiian Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hawaiian Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hawaiian Holdings' 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.
Hawaiian Holdings '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 Hawaiian Holdings' 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 Hawaiian Holdings.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Hawaiian Holdings on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Hawaiian Holdings or generate 0.0% return on investment in Hawaiian Holdings over 30 days. Hawaiian Holdings is related to or competes with Southwest Airlines, JetBlue Airways, United Airlines, Delta Air, Spirit Airlines, Sun Country, and Allegiant Travel. Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of... More
Hawaiian Holdings 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 Hawaiian Holdings' 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 Hawaiian Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.47 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.96 |
Hawaiian Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hawaiian Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hawaiian Holdings' standard deviation. In reality, there are many statistical measures that can use Hawaiian Holdings historical prices to predict the future Hawaiian Holdings' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hawaiian Holdings' 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.
Hawaiian Holdings Backtested Returns
Hawaiian Holdings holds Efficiency (Sharpe) Ratio of -0.25, which attests that the entity had a -0.25% return per unit of risk over the last 3 months. Hawaiian Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hawaiian Holdings' Standard Deviation of 1.06, risk adjusted performance of (0.06), and Market Risk Adjusted Performance of (0.23) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hawaiian Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hawaiian Holdings is expected to be smaller as well. Hawaiian Holdings has an expected return of -0.26%. Please make sure to check out Hawaiian Holdings skewness, rate of daily change, period momentum indicator, as well as the relationship between the accumulation distribution and day typical price , to decide if Hawaiian Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.63 |
Good predictability
Hawaiian Holdings has good predictability. Overlapping area represents the amount of predictability between Hawaiian Holdings time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Hawaiian Holdings price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Hawaiian Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hawaiian Holdings lagged returns against current returns
Autocorrelation, which is Hawaiian Holdings 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 Hawaiian Holdings' stock expected returns. We can calculate the autocorrelation of Hawaiian Holdings returns to help us make a trade decision. For example, suppose you find that Hawaiian Holdings 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 |
Hawaiian Holdings 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 Hawaiian Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hawaiian Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hawaiian Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Hawaiian Holdings Lagged Returns
When evaluating Hawaiian Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hawaiian Holdings stock have on its future price. Hawaiian Holdings 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, Hawaiian Holdings autocorrelation shows the relationship between Hawaiian Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Hawaiian Holdings.
Regressed Prices |
| Timeline |
Hawaiian Holdings Implied Volatility | 44.2 |
Hawaiian Holdings' implied volatility exposes the market's sentiment of Hawaiian Holdings stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Hawaiian Holdings' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Hawaiian Holdings stock will not fluctuate a lot when Hawaiian Holdings' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hawaiian Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hawaiian Holdings' short interest history, or implied volatility extrapolated from Hawaiian Holdings options trading.
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Try AI Portfolio ArchitectCheck out Hawaiian Holdings Correlation, Hawaiian Holdings Volatility and Hawaiian Holdings Alpha and Beta module to complement your research on Hawaiian Holdings. For information on how to trade Hawaiian Stock refer to our How to Trade Hawaiian Stock guide.Note that the Hawaiian Holdings information on this page should be used as a complementary analysis to other Hawaiian Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Hawaiian Stock analysis
When running Hawaiian Holdings' price analysis, check to measure Hawaiian Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hawaiian Holdings is operating at the current time. Most of Hawaiian Holdings' value examination focuses on studying past and present price action to predict the probability of Hawaiian Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hawaiian Holdings' price. Additionally, you may evaluate how the addition of Hawaiian Holdings to your portfolios can decrease your overall portfolio volatility.
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Hawaiian Holdings 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.