Hershey Co Stock Market Value
| HSY Stock | USD 184.86 2.41 1.32% |
| Symbol | Hershey |
Hershey Price To Book Ratio
Is Hershey'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 Hershey. If investors know Hershey 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 Hershey 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 (0.12) | Dividend Share 4.456 | Earnings Share 9.06 | Revenue Per Share 54.533 | Quarterly Revenue Growth 0.002 |
The market value of Hershey is measured differently than its book value, which is the value of Hershey that is recorded on the company's balance sheet. Investors also form their own opinion of Hershey's value that differs from its market value or its book value, called intrinsic value, which is Hershey'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 Hershey's market value can be influenced by many factors that don't directly affect Hershey'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 Hershey's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hershey is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hershey'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.
Hershey '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 Hershey'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 Hershey.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Hershey on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Hershey Co or generate 0.0% return on investment in Hershey over 30 days. Hershey is related to or competes with Greenlane Holdings, 22nd Century, Pyxus International, and Japan Tobacco. The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and p... More
Hershey 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 Hershey'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 Hershey Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.53 | |||
| Value At Risk | (2.69) | |||
| Potential Upside | 2.53 |
Hershey Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hershey's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hershey's standard deviation. In reality, there are many statistical measures that can use Hershey historical prices to predict the future Hershey's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hershey'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.
Hershey Backtested Returns
Hershey holds Efficiency (Sharpe) Ratio of -0.0037, which attests that the entity had a -0.0037% return per unit of risk over the last 3 months. Hershey exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hershey's Standard Deviation of 1.52, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hershey's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hershey is expected to be smaller as well. Hershey has an expected return of -0.0058%. Please make sure to check out Hershey treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Hershey performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Hershey Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hershey time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Hershey price movement. The serial correlation of -0.16 indicates that over 16.0% of current Hershey price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 25.66 |
Hershey lagged returns against current returns
Autocorrelation, which is Hershey 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 Hershey's stock expected returns. We can calculate the autocorrelation of Hershey returns to help us make a trade decision. For example, suppose you find that Hershey 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 |
Hershey 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 Hershey stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hershey stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hershey stock over time.
Current vs Lagged Prices |
| Timeline |
Hershey Lagged Returns
When evaluating Hershey's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hershey stock have on its future price. Hershey 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, Hershey autocorrelation shows the relationship between Hershey stock current value and its past values and can show if there is a momentum factor associated with investing in Hershey Co.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Hershey Correlation, Hershey Volatility and Hershey Alpha and Beta module to complement your research on Hershey. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Hershey Stock analysis
When running Hershey's price analysis, check to measure Hershey'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 Hershey is operating at the current time. Most of Hershey's value examination focuses on studying past and present price action to predict the probability of Hershey's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hershey's price. Additionally, you may evaluate how the addition of Hershey to your portfolios can decrease your overall portfolio volatility.
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Hershey 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.