Hibbett Sports Stock Market Value
| HIBB Stock | USD 86.20 0.45 0.52% |
| Symbol | Hibbett |
Hibbett Sports Price To Book Ratio
Is Hibbett Sports' 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 Hibbett Sports. If investors know Hibbett 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 Hibbett Sports 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 (0.13) | Dividend Share 1 | Earnings Share 8.17 | Revenue Per Share 139.832 | Quarterly Revenue Growth 0.018 |
The market value of Hibbett Sports is measured differently than its book value, which is the value of Hibbett that is recorded on the company's balance sheet. Investors also form their own opinion of Hibbett Sports' value that differs from its market value or its book value, called intrinsic value, which is Hibbett Sports' 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 Hibbett Sports' market value can be influenced by many factors that don't directly affect Hibbett Sports' 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 Hibbett Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hibbett Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hibbett Sports' 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.
Hibbett Sports '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 Hibbett Sports' 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 Hibbett Sports.
| 03/09/2024 |
| 05/08/2024 |
If you would invest 0.00 in Hibbett Sports on March 9, 2024 and sell it all today you would earn a total of 0.00 from holding Hibbett Sports or generate 0.0% return on investment in Hibbett Sports over 60 days. Hibbett Sports is related to or competes with Foot Locker, J Long, Destination, Buckle, and Continental. Hibbett, Inc. together with its subsidiaries, engages in the retail of athletic-inspired fashion products in small and m... More
Hibbett Sports 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 Hibbett Sports' 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 Hibbett Sports upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.0988 | |||
| Maximum Drawdown | 19.32 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 4.5 |
Hibbett Sports Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hibbett Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hibbett Sports' standard deviation. In reality, there are many statistical measures that can use Hibbett Sports historical prices to predict the future Hibbett Sports' volatility.| Risk Adjusted Performance | 0.0836 | |||
| Jensen Alpha | 0.2554 | |||
| Total Risk Alpha | 0.0458 | |||
| Sortino Ratio | 0.1307 | |||
| Treynor Ratio | 0.1784 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hibbett Sports' 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.
Hibbett Sports Backtested Returns
Hibbett Sports appears to be very steady, given 3 months investment horizon. Hibbett Sports 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 Hibbett Sports, which you can use to evaluate the volatility of the firm. Please utilize Hibbett Sports' Downside Deviation of 2.58, risk adjusted performance of 0.0836, and Market Risk Adjusted Performance of 0.1884 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hibbett Sports holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 2.26, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hibbett Sports will likely underperform. Please check Hibbett Sports' jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether Hibbett Sports' current trending patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
Hibbett Sports has weak predictability. Overlapping area represents the amount of predictability between Hibbett Sports time series from 9th of March 2024 to 8th of April 2024 and 8th of April 2024 to 8th of May 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 Hibbett Sports price movement. The serial correlation of 0.23 indicates that over 23.0% of current Hibbett Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 55.48 |
Hibbett Sports lagged returns against current returns
Autocorrelation, which is Hibbett Sports 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 Hibbett Sports' stock expected returns. We can calculate the autocorrelation of Hibbett Sports returns to help us make a trade decision. For example, suppose you find that Hibbett Sports 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 |
Hibbett Sports 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 Hibbett Sports stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hibbett Sports stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hibbett Sports stock over time.
Current vs Lagged Prices |
| Timeline |
Hibbett Sports Lagged Returns
When evaluating Hibbett Sports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hibbett Sports stock have on its future price. Hibbett Sports 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, Hibbett Sports autocorrelation shows the relationship between Hibbett Sports stock current value and its past values and can show if there is a momentum factor associated with investing in Hibbett Sports.
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 Hibbett Sports 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, Hibbett Sports' short interest history, or implied volatility extrapolated from Hibbett Sports options trading.
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Try AI Portfolio ArchitectCheck out Hibbett Sports Correlation, Hibbett Sports Volatility and Hibbett Sports Alpha and Beta module to complement your research on Hibbett Sports. For information on how to trade Hibbett Stock refer to our How to Trade Hibbett Stock guide.Note that the Hibbett Sports information on this page should be used as a complementary analysis to other Hibbett Sports' 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Hibbett Stock analysis
When running Hibbett Sports' price analysis, check to measure Hibbett Sports' 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 Hibbett Sports is operating at the current time. Most of Hibbett Sports' value examination focuses on studying past and present price action to predict the probability of Hibbett Sports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hibbett Sports' price. Additionally, you may evaluate how the addition of Hibbett Sports to your portfolios can decrease your overall portfolio volatility.
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Hibbett Sports 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.