Honeywell International Stock Market Value
| HON Stock | USD 232.93 3.29 1.43% |
| Symbol | Honeywell |
Honeywell International Price To Book Ratio
Is Industrial Conglomerates 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 Honeywell International. If investors know Honeywell 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 Honeywell International 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 (0.05) | Dividend Share 4.32 | Earnings Share 8.66 | Revenue Per Share 58.021 | Quarterly Revenue Growth 0.056 |
The market value of Honeywell International is measured differently than its book value, which is the value of Honeywell that is recorded on the company's balance sheet. Investors also form their own opinion of Honeywell International's value that differs from its market value or its book value, called intrinsic value, which is Honeywell International'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 Honeywell International's market value can be influenced by many factors that don't directly affect Honeywell International'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 Honeywell International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Honeywell International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Honeywell International'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.
Honeywell International '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 Honeywell International'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 Honeywell International.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Honeywell International on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Honeywell International or generate 0.0% return on investment in Honeywell International over 30 days. Honeywell International is related to or competes with MDU Resources, Compass Diversified, Valmont Industries, Brookfield Business, Griffon, Matthews International, and Steel Partners. Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide More
Honeywell International 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 Honeywell International'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 Honeywell International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.0549 | |||
| Maximum Drawdown | 8.33 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 2.62 |
Honeywell International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Honeywell International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Honeywell International's standard deviation. In reality, there are many statistical measures that can use Honeywell International historical prices to predict the future Honeywell International's volatility.| Risk Adjusted Performance | 0.1263 | |||
| Jensen Alpha | 0.0843 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0604 | |||
| Treynor Ratio | 0.2209 |
Honeywell International Backtested Returns
Honeywell International appears to be very steady, given 3 months investment horizon. Honeywell International holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Honeywell International, which you can use to evaluate the volatility of the firm. Please utilize Honeywell International's Downside Deviation of 1.19, market risk adjusted performance of 0.2309, and Risk Adjusted Performance of 0.1263 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Honeywell International holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.9, which attests to possible diversification benefits within a given portfolio. Honeywell International returns are very sensitive to returns on the market. As the market goes up or down, Honeywell International is expected to follow. Please check Honeywell International's semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Honeywell International's current trending patterns will revert.
Auto-correlation | 0.65 |
Good predictability
Honeywell International has good predictability. Overlapping area represents the amount of predictability between Honeywell International time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Honeywell International price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Honeywell International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 3.47 |
Honeywell International lagged returns against current returns
Autocorrelation, which is Honeywell International 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 Honeywell International's stock expected returns. We can calculate the autocorrelation of Honeywell International returns to help us make a trade decision. For example, suppose you find that Honeywell International 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 |
Honeywell International 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 Honeywell International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Honeywell International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Honeywell International stock over time.
Current vs Lagged Prices |
| Timeline |
Honeywell International Lagged Returns
When evaluating Honeywell International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Honeywell International stock have on its future price. Honeywell International 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, Honeywell International autocorrelation shows the relationship between Honeywell International stock current value and its past values and can show if there is a momentum factor associated with investing in Honeywell International.
Regressed Prices |
| Timeline |
Pair Trading with Honeywell International
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 Honeywell International 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 Honeywell International will appreciate offsetting losses from the drop in the long position's value.Moving together with Honeywell Stock
Moving against Honeywell Stock
| 0.86 | RUN | Sunrun Inc Sell-off Trend | PairCorr |
| 0.64 | SHLS | Shoals Technologies Tech Boost | PairCorr |
| 0.59 | PITA | Heramba Electric plc | PairCorr |
| 0.58 | ZEO | Zeo Energy Corp Symbol Change | PairCorr |
| 0.52 | EFSH | 1847 Holdings LLC | PairCorr |
The ability to find closely correlated positions to Honeywell International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Honeywell International 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 Honeywell International - 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 Honeywell International to buy it.
The correlation of Honeywell International 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 Honeywell International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Honeywell International 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 Honeywell International 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 Honeywell International Correlation, Honeywell International Volatility and Honeywell International Alpha and Beta module to complement your research on Honeywell International. To learn how to invest in Honeywell Stock, please use our How to Invest in Honeywell International guide.You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Honeywell International 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.