Hub24 (Australia) Market Value

HUB Stock   71.67  1.31  1.86%   
Hub24's market value is the price at which a share of Hub24 trades on a public exchange. It measures the collective expectations of Hub24 investors about its performance. Hub24 is selling for under 71.67 as of the 18th of December 2024; that is 1.86 percent increase since the beginning of the trading day. The stock's last reported lowest price was 69.53.
With this module, you can estimate the performance of a buy and hold strategy of Hub24 and determine expected loss or profit from investing in Hub24 over a given investment horizon. Check out Hub24 Correlation, Hub24 Volatility and Hub24 Alpha and Beta module to complement your research on Hub24.
Symbol

Please note, there is a significant difference between Hub24's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hub24 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hub24'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.

Hub24 '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 Hub24'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 Hub24.
0.00
06/21/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/18/2024
0.00
If you would invest  0.00  in Hub24 on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Hub24 or generate 0.0% return on investment in Hub24 over 180 days. Hub24 is related to or competes with Westpac Banking, National Australia, National Australia, National Australia, Commonwealth Bank, Commonwealth Bank, and ANZ Group. Hub24 is entity of Australia. It is traded as Stock on AU exchange. More

Hub24 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 Hub24'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 Hub24 upside and downside potential and time the market with a certain degree of confidence.

Hub24 Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hub24's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hub24's standard deviation. In reality, there are many statistical measures that can use Hub24 historical prices to predict the future Hub24's volatility.
Hype
Prediction
LowEstimatedHigh
69.6671.2072.74
Details
Intrinsic
Valuation
LowRealHigh
64.5081.8483.38
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.270.280.30
Details

Hub24 Backtested Returns

Hub24 appears to be very steady, given 3 months investment horizon. Hub24 holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hub24, which you can use to evaluate the volatility of the firm. Please utilize Hub24's Risk Adjusted Performance of 0.1671, downside deviation of 1.7, and Market Risk Adjusted Performance of 0.8718 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hub24 holds a performance score of 18. The company retains a Market Volatility (i.e., Beta) of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hub24's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hub24 is expected to be smaller as well. Please check Hub24's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Hub24's current trending patterns will revert.

Auto-correlation

    
  0.77  

Good predictability

Hub24 has good predictability. Overlapping area represents the amount of predictability between Hub24 time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Hub24 price movement. The serial correlation of 0.77 indicates that around 77.0% of current Hub24 price fluctuation can be explain by its past prices.
Correlation Coefficient0.77
Spearman Rank Test0.86
Residual Average0.0
Price Variance34.62

Hub24 lagged returns against current returns

Autocorrelation, which is Hub24 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 Hub24's stock expected returns. We can calculate the autocorrelation of Hub24 returns to help us make a trade decision. For example, suppose you find that Hub24 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  

Hub24 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 Hub24 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hub24 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hub24 stock over time.
   Current vs Lagged Prices   
       Timeline  

Hub24 Lagged Returns

When evaluating Hub24's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hub24 stock have on its future price. Hub24 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, Hub24 autocorrelation shows the relationship between Hub24 stock current value and its past values and can show if there is a momentum factor associated with investing in Hub24.
   Regressed Prices   
       Timeline  

Thematic Opportunities

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Additional Tools for Hub24 Stock Analysis

When running Hub24's price analysis, check to measure Hub24'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 Hub24 is operating at the current time. Most of Hub24's value examination focuses on studying past and present price action to predict the probability of Hub24's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hub24's price. Additionally, you may evaluate how the addition of Hub24 to your portfolios can decrease your overall portfolio volatility.