Honeywell International Stock Market Value
| HON Stock | USD 190.36 0.36 0.19% |
| Symbol | Honeywell |
Is Honeywell International's 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 Honeywell International. If investors know Honeywell 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 Honeywell International 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 Honeywell International is measured differently than its book value, which is the value of Honeywell that is recorded on the company's balance sheet. Investors also form their own opinion of Honeywell International's value that differs from its market value or its book value, called intrinsic value, which is Honeywell International'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 Honeywell International's market value can be influenced by many factors that don't directly affect Honeywell International'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 Honeywell International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Honeywell International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Honeywell International'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.
Honeywell International '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 Honeywell International'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 Honeywell International.
| 12/20/2023 |
| 04/18/2024 |
If you would invest 0.00 in Honeywell International on December 20, 2023 and sell it all today you would earn a total of 0.00 from holding Honeywell International or generate 0.0% return on investment in Honeywell International over 120 days. Honeywell International is related to or competes with MDU Resources, Compass Diversified, Valmont Industries, Brookfield Business, Griffon, Matthews International, and Steel Partners. Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide More
Honeywell International 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 Honeywell International'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 Honeywell International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.85 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.4 |
Honeywell International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Honeywell International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Honeywell International's standard deviation. In reality, there are many statistical measures that can use Honeywell International historical prices to predict the future Honeywell International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Honeywell International'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.
Honeywell International Backtested Returns
Honeywell International holds Efficiency (Sharpe) Ratio of -0.0785, which attests that the entity had a -0.0785% return per unit of risk over the last 3 months. Honeywell International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Honeywell International's Risk Adjusted Performance of (0.05), market risk adjusted performance of (0.50), and Standard Deviation of 1.01 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Honeywell International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Honeywell International is expected to be smaller as well. Honeywell International has an expected return of -0.0795%. Please make sure to check out Honeywell International potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Honeywell International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Honeywell International has below average predictability. Overlapping area represents the amount of predictability between Honeywell International time series from 20th of December 2023 to 18th of February 2024 and 18th of February 2024 to 18th 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 Honeywell International price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Honeywell International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 8.81 |
Honeywell International lagged returns against current returns
Autocorrelation, which is Honeywell International 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 Honeywell International's stock expected returns. We can calculate the autocorrelation of Honeywell International returns to help us make a trade decision. For example, suppose you find that Honeywell International 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 |
Honeywell International 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 Honeywell International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Honeywell International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Honeywell International stock over time.
Current vs Lagged Prices |
| Timeline |
Honeywell International Lagged Returns
When evaluating Honeywell International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Honeywell International stock have on its future price. Honeywell International 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, Honeywell International autocorrelation shows the relationship between Honeywell International stock current value and its past values and can show if there is a momentum factor associated with investing in Honeywell International.
Regressed Prices |
| Timeline |
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 Honeywell International 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, Honeywell International's short interest history, or implied volatility extrapolated from Honeywell International options trading.
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Try AI Portfolio ArchitectCheck out Honeywell International Correlation, Honeywell International Volatility and Honeywell International Alpha and Beta module to complement your research on Honeywell International. To learn how to invest in Honeywell Stock, please use our How to Invest in Honeywell International guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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When running Honeywell International's price analysis, check to measure Honeywell International's 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 Honeywell International is operating at the current time. Most of Honeywell International's value examination focuses on studying past and present price action to predict the probability of Honeywell International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honeywell International's price. Additionally, you may evaluate how the addition of Honeywell International to your portfolios can decrease your overall portfolio volatility.
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Honeywell International 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.