Haverty Furniture Companies Stock Market Value
| HVT-A Stock | USD 24.11 0.30 1.26% |
| Symbol | Haverty |
Haverty Furniture Price To Book Ratio
Haverty Furniture '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 Haverty Furniture'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 Haverty Furniture.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Haverty Furniture on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Haverty Furniture Companies or generate 0.0% return on investment in Haverty Furniture over 90 days. Haverty Furniture is related to or competes with Arhaus, Floor Decor, and Live Ventures. Haverty Furniture Companies, Inc. operates as a specialty retailer of residential furniture and accessories in the Unite... More
Haverty Furniture 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 Haverty Furniture'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 Haverty Furniture Companies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 18.6 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 4.92 |
Haverty Furniture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Haverty Furniture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Haverty Furniture's standard deviation. In reality, there are many statistical measures that can use Haverty Furniture historical prices to predict the future Haverty Furniture's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | 0.0943 | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.0431 |
Haverty Furniture Backtested Returns
Haverty Furniture is out of control given 3 months investment horizon. Haverty Furniture 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 were able to interpolate twenty-four different technical indicators, which can help you to evaluate if expected returns of 27.7% are justified by taking the suggested risk. Use Haverty Furniture Companies Market Risk Adjusted Performance of 0.0531, insignificant risk adjusted performance, and Standard Deviation of 3.05 to evaluate company specific risk that cannot be diversified away. Haverty Furniture holds a performance score of 13 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -1.11, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Haverty Furniture are expected to decrease slowly. On the other hand, during market turmoil, Haverty Furniture is expected to outperform it slightly. Use Haverty Furniture Companies value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to analyze future returns on Haverty Furniture Companies.
Auto-correlation | -0.68 |
Very good reverse predictability
Haverty Furniture Companies has very good reverse predictability. Overlapping area represents the amount of predictability between Haverty Furniture time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Haverty Furniture price movement. The serial correlation of -0.68 indicates that around 68.0% of current Haverty Furniture price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
Haverty Furniture lagged returns against current returns
Autocorrelation, which is Haverty Furniture 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 Haverty Furniture's stock expected returns. We can calculate the autocorrelation of Haverty Furniture returns to help us make a trade decision. For example, suppose you find that Haverty Furniture 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 |
Haverty Furniture 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 Haverty Furniture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Haverty Furniture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Haverty Furniture stock over time.
Current vs Lagged Prices |
| Timeline |
Haverty Furniture Lagged Returns
When evaluating Haverty Furniture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Haverty Furniture stock have on its future price. Haverty Furniture 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, Haverty Furniture autocorrelation shows the relationship between Haverty Furniture stock current value and its past values and can show if there is a momentum factor associated with investing in Haverty Furniture Companies.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Haverty Furniture is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Haverty Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Haverty Furniture Companies Stock. Highlighted below are key reports to facilitate an investment decision about Haverty Furniture Companies Stock:Check out Haverty Furniture Correlation, Haverty Furniture Volatility and Haverty Furniture Alpha and Beta module to complement your research on Haverty Furniture. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Haverty Furniture 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.