Haleon Plc Stock Market Value
| HLN Stock | USD 9.67 0.01 0.10% |
| Symbol | Haleon |
Haleon plc Price To Book Ratio
Is Biotechnology 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 Haleon Plc. If investors know Haleon 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 Haleon Plc 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 0.348 | Dividend Share 0.062 | Earnings Share 0.34 | Revenue Per Share 2.446 | Quarterly Revenue Growth (0.01) |
The market value of Haleon plc is measured differently than its book value, which is the value of Haleon that is recorded on the company's balance sheet. Investors also form their own opinion of Haleon Plc's value that differs from its market value or its book value, called intrinsic value, which is Haleon Plc'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 Haleon Plc's market value can be influenced by many factors that don't directly affect Haleon Plc'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 Haleon Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Haleon Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Haleon Plc'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.
Haleon Plc '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 Haleon Plc'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 Haleon Plc.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Haleon Plc on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Haleon plc or generate 0.0% return on investment in Haleon Plc over 180 days. Haleon Plc is related to or competes with Teva Pharma, Bausch Health, Zoetis, Takeda Pharmaceutical, Dr Reddys, Emergent Biosolutions, and HUTCHMED DRC. Haleon plc engages in the research and development, manufacture, and sale of various consumer healthcare products in Nor... More
Haleon Plc 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 Haleon Plc'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 Haleon plc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 4.56 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.25 |
Haleon Plc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Haleon Plc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haleon Plc's standard deviation. In reality, there are many statistical measures that can use Haleon Plc historical prices to predict the future Haleon Plc's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.85) |
Haleon plc Backtested Returns
Haleon plc holds Efficiency (Sharpe) Ratio of -0.0776, which attests that the entity had a -0.0776% return per unit of risk over the last 3 months. Haleon plc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Haleon Plc's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.84), and Standard Deviation of 0.9595 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0659, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Haleon Plc's returns are expected to increase less than the market. However, during the bear market, the loss of holding Haleon Plc is expected to be smaller as well. At this point, Haleon plc has a negative expected return of -0.0743%. Please make sure to check out Haleon Plc's information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Haleon plc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.93 |
Near perfect reversele predictability
Haleon plc has near perfect reversele predictability. Overlapping area represents the amount of predictability between Haleon Plc time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Haleon plc price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Haleon Plc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.93 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Haleon plc lagged returns against current returns
Autocorrelation, which is Haleon Plc 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 Haleon Plc's stock expected returns. We can calculate the autocorrelation of Haleon Plc returns to help us make a trade decision. For example, suppose you find that Haleon Plc 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 |
Haleon Plc 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 Haleon Plc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haleon Plc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haleon Plc stock over time.
Current vs Lagged Prices |
| Timeline |
Haleon Plc Lagged Returns
When evaluating Haleon Plc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haleon Plc stock have on its future price. Haleon Plc 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, Haleon Plc autocorrelation shows the relationship between Haleon Plc stock current value and its past values and can show if there is a momentum factor associated with investing in Haleon plc.
Regressed Prices |
| Timeline |
Pair Trading with Haleon Plc
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 Haleon Plc 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 Haleon Plc will appreciate offsetting losses from the drop in the long position's value.Moving together with Haleon Stock
Moving against Haleon Stock
| 0.8 | DRUG | Bright Minds Biosciences Trending | PairCorr |
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| 0.64 | VCYT | Veracyte | PairCorr |
| 0.63 | VCEL | Vericel Corp Ord | PairCorr |
| 0.62 | VANI | Vivani Medical | PairCorr |
The ability to find closely correlated positions to Haleon Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haleon Plc 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 Haleon Plc - 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 Haleon plc to buy it.
The correlation of Haleon Plc 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 Haleon Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haleon plc 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 Haleon Plc 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 Haleon Plc Correlation, Haleon Plc Volatility and Haleon Plc Alpha and Beta module to complement your research on Haleon Plc. To learn how to invest in Haleon Stock, please use our How to Invest in Haleon Plc guide.You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Haleon Plc 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.