Hovnanian Enterprises Pfd Preferred Stock Cash And Equivalents
| HOVNP Preferred Stock | USD 17.69 0.06 0.34% |
Hovnanian Enterprises PFD fundamentals help investors to digest information that contributes to Hovnanian Enterprises' financial success or failures. It also enables traders to predict the movement of Hovnanian Preferred Stock. The fundamental analysis module provides a way to measure Hovnanian Enterprises' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Hovnanian Enterprises preferred stock.
Hovnanian |
Hovnanian Enterprises PFD Company Cash And Equivalents Analysis
Hovnanian Enterprises' Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Current Hovnanian Enterprises Cash And Equivalents | 248.82 M |
Most of Hovnanian Enterprises' fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Hovnanian Enterprises PFD is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
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In accordance with the recently published financial statements, Hovnanian Enterprises PFD has 248.82 M in Cash And Equivalents. This is 67.8% lower than that of the Household Durables sector and 45.47% lower than that of the Consumer Discretionary industry. The cash and equivalents for all United States preferred stocks is 90.79% higher than that of the company.
Hovnanian Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hovnanian Enterprises' direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Hovnanian Enterprises could also be used in its relative valuation, which is a method of valuing Hovnanian Enterprises by comparing valuation metrics of similar companies.Hovnanian Enterprises is currently under evaluation in cash and equivalents category among its peers.
Hovnanian Fundamentals
| Number Of Shares Shorted | 1.68 K | ||||
| Price To Earning | (63.64) X | ||||
| Revenue | 2.92 B | ||||
| EBITDA | 372.55 M | ||||
| Net Income | 225.49 M | ||||
| Cash And Equivalents | 248.82 M | ||||
| Cash Per Share | 1.68 X | ||||
| Total Debt | 1.29 B | ||||
| Current Ratio | 5.40 X | ||||
| Book Value Per Share | (4.29) X | ||||
| Cash Flow From Operations | 89.47 M | ||||
| Number Of Employees | 1.91 K | ||||
| Beta | 3.74 | ||||
| Market Capitalization | 2.79 B | ||||
| Total Asset | 2.56 B | ||||
| Z Score | 2.2 | ||||
| Net Asset | 2.56 B |
About Hovnanian Enterprises Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hovnanian Enterprises PFD's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hovnanian Enterprises using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hovnanian Enterprises PFD based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Hovnanian Enterprises
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 Hovnanian Enterprises 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 Hovnanian Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving against Hovnanian Preferred Stock
| 0.65 | F-PB | Ford Motor | PairCorr |
| 0.64 | F-PC | Ford Motor | PairCorr |
| 0.63 | CCK | Crown Holdings | PairCorr |
| 0.48 | EBET | Ebet Inc | PairCorr |
| 0.4 | AVY | Avery Dennison Corp | PairCorr |
The ability to find closely correlated positions to Hovnanian Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hovnanian Enterprises 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 Hovnanian Enterprises - 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 Hovnanian Enterprises PFD to buy it.
The correlation of Hovnanian Enterprises 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 Hovnanian Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hovnanian Enterprises PFD 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 Hovnanian Enterprises 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.Additional Tools for Hovnanian Preferred Stock Analysis
When running Hovnanian Enterprises' price analysis, check to measure Hovnanian Enterprises' 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 Hovnanian Enterprises is operating at the current time. Most of Hovnanian Enterprises' value examination focuses on studying past and present price action to predict the probability of Hovnanian Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hovnanian Enterprises' price. Additionally, you may evaluate how the addition of Hovnanian Enterprises to your portfolios can decrease your overall portfolio volatility.