Hudson Technologies Stock Market Value
| HDSN Stock | USD 5.94 0.06 1.02% |
| Symbol | Hudson |
Hudson Technologies Price To Book Ratio
Is Environmental & Facilities Services space 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 Hudson Technologies. If investors know Hudson 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 Hudson Technologies 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 (0.41) | Earnings Share 0.65 | Revenue Per Share 5.437 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0776 |
The market value of Hudson Technologies is measured differently than its book value, which is the value of Hudson that is recorded on the company's balance sheet. Investors also form their own opinion of Hudson Technologies' value that differs from its market value or its book value, called intrinsic value, which is Hudson Technologies' 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 Hudson Technologies' market value can be influenced by many factors that don't directly affect Hudson Technologies' 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 Hudson Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hudson Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hudson Technologies' 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.
Hudson Technologies '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 Hudson Technologies' 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 Hudson Technologies.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hudson Technologies on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Hudson Technologies or generate 0.0% return on investment in Hudson Technologies over 180 days. Hudson Technologies is related to or competes with Sensient Technologies, Innospec, H B, Quaker Chemical, Oil Dri, Minerals Technologies, and NewMarket. Hudson Technologies, Inc. a refrigerant services company, provides solutions to recurring problems within the refrigerat... More
Hudson Technologies 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 Hudson Technologies' 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 Hudson Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 29.08 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 4.75 |
Hudson Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hudson Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hudson Technologies' standard deviation. In reality, there are many statistical measures that can use Hudson Technologies historical prices to predict the future Hudson Technologies' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | 20.86 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hudson Technologies' 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.
Hudson Technologies Backtested Returns
Hudson Technologies holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of risk over the last 3 months. Hudson Technologies exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hudson Technologies' Standard Deviation of 3.59, market risk adjusted performance of 20.87, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.019, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hudson Technologies are expected to decrease at a much lower rate. During the bear market, Hudson Technologies is likely to outperform the market. At this point, Hudson Technologies has a negative expected return of -0.4%. Please make sure to check out Hudson Technologies' treynor ratio, as well as the relationship between the kurtosis and day typical price , to decide if Hudson Technologies performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Hudson Technologies has good predictability. Overlapping area represents the amount of predictability between Hudson Technologies time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Hudson Technologies price movement. The serial correlation of 0.72 indicates that around 72.0% of current Hudson Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Hudson Technologies lagged returns against current returns
Autocorrelation, which is Hudson Technologies 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 Hudson Technologies' stock expected returns. We can calculate the autocorrelation of Hudson Technologies returns to help us make a trade decision. For example, suppose you find that Hudson Technologies 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 |
Hudson Technologies 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 Hudson Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hudson Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hudson Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Hudson Technologies Lagged Returns
When evaluating Hudson Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hudson Technologies stock have on its future price. Hudson Technologies 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, Hudson Technologies autocorrelation shows the relationship between Hudson Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Hudson Technologies.
Regressed Prices |
| Timeline |
Pair Trading with Hudson Technologies
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 Hudson Technologies 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 Hudson Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Hudson Stock
Moving against Hudson Stock
| 0.89 | G | Genpact Limited | PairCorr |
| 0.89 | VRSK | Verisk Analytics | PairCorr |
| 0.88 | DRVN | Driven Brands Holdings | PairCorr |
| 0.87 | LZ | LegalZoom | PairCorr |
| 0.87 | WM | Waste Management Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Hudson Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hudson Technologies 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 Hudson Technologies - 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 Hudson Technologies to buy it.
The correlation of Hudson Technologies 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 Hudson Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hudson Technologies 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 Hudson Technologies 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.Check out Hudson Technologies Correlation, Hudson Technologies Volatility and Hudson Technologies Alpha and Beta module to complement your research on Hudson Technologies. To learn how to invest in Hudson Stock, please use our How to Invest in Hudson Technologies guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Hudson Technologies 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.