HP Price To Operating Cash Flows Ratio from 2010 to 2024

HPQ Stock  USD 36.36  0.43  1.17%   
HP Price To Operating Cash Flows Ratio yearly trend continues to be relatively stable with very little volatility. Price To Operating Cash Flows Ratio is likely to grow to 9.74 this year. During the period from 2010 to 2024, HP Price To Operating Cash Flows Ratio destribution of quarterly values had range of 8.7187 from its regression line and mean deviation of  2.30. View All Fundamentals
 
Price To Operating Cash Flows Ratio  
First Reported
2010-12-31
Previous Quarter
9.27556148
Current Value
9.74
Quarterly Volatility
2.86239893
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check HP financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among HP's main balance sheet or income statement drivers, such as Depreciation And Amortization of 918.8 M, Interest Expense of 598.7 M or Total Revenue of 63.6 B, as well as many indicators such as Price To Sales Ratio of 0.35, Dividend Yield of 0.0256 or Free Cash Flow Yield of 0.11. HP financial statements analysis is a perfect complement when working with HP Valuation or Volatility modules.
  
Check out the analysis of HP Correlation against competitors.

Latest HP's Price To Operating Cash Flows Ratio Growth Pattern

Below is the plot of the Price To Operating Cash Flows Ratio of HP Inc over the last few years. It is HP's Price To Operating Cash Flows Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in HP's overall financial position and show how it may be relating to other accounts over time.
Price To Operating Cash Flows Ratio10 Years Trend
Slightly volatile
   Price To Operating Cash Flows Ratio   
       Timeline  

HP Price To Operating Cash Flows Ratio Regression Statistics

Arithmetic Mean6.23
Geometric Mean5.34
Coefficient Of Variation45.98
Mean Deviation2.30
Median6.42
Standard Deviation2.86
Sample Variance8.19
Range8.7187
R-Value0.58
Mean Square Error5.90
R-Squared0.33
Significance0.02
Slope0.37
Total Sum of Squares114.71

HP Price To Operating Cash Flows Ratio History

2024 9.74
2023 9.28
2022 7.31
2021 6.42
2020 5.89
2019 5.88
2018 5.65

About HP Financial Statements

HP shareholders use historical fundamental indicators, such as Price To Operating Cash Flows Ratio, to determine how well the company is positioned to perform in the future. Although HP investors may analyze each financial statement separately, they are all interrelated. The changes in HP's assets and liabilities, for example, are also reflected in the revenues and expenses on on HP's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Price To Operating Cash Flows Ratio 9.28  9.74 

Pair Trading with HP

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 HP 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 HP will appreciate offsetting losses from the drop in the long position's value.

Moving together with HP Stock

  0.68ERIC Telefonaktiebolaget Fiscal Year End 28th of January 2025 PairCorr

Moving against HP Stock

  0.42VRME VerifyMePairCorr
  0.4CDW CDW CorpPairCorr
  0.38EVLV Evolv Technologies TrendingPairCorr
The ability to find closely correlated positions to HP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HP 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 HP - 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 HP Inc to buy it.
The correlation of HP 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 HP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HP Inc 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 HP 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.
Pair CorrelationCorrelation Matching

Additional Tools for HP Stock Analysis

When running HP's price analysis, check to measure HP'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 HP is operating at the current time. Most of HP's value examination focuses on studying past and present price action to predict the probability of HP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HP's price. Additionally, you may evaluate how the addition of HP to your portfolios can decrease your overall portfolio volatility.