Hyliion Roe from 2010 to 2024
| HYLN Stock | USD 3.71 0.80 27.49% |
ROE | First Reported 2010-12-31 | Previous Quarter (0.40) | Current Value (0.38) | Quarterly Volatility 0.31278591 |
Check Hyliion Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hyliion Holdings' main balance sheet or income statement drivers, such as Interest Expense of 6.9 M, Net Interest Income of 14.5 M or Interest Income of 14.5 M, as well as many indicators such as Price To Sales Ratio of 209, Dividend Yield of 0.0 or PTB Ratio of 0.46. Hyliion financial statements analysis is a perfect complement when working with Hyliion Holdings Valuation or Volatility modules.
Hyliion | Roe |
Latest Hyliion Holdings' Roe Growth Pattern
Below is the plot of the Roe of Hyliion Holdings Corp over the last few years. It is Hyliion Holdings' ROE historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Hyliion Holdings' overall financial position and show how it may be relating to other accounts over time.
| Roe | 10 Years Trend |
|
Roe |
| Timeline |
Hyliion Roe Regression Statistics
| Arithmetic Mean | (0.04) | |
| Geometric Mean | 0.07 | |
| Coefficient Of Variation | (744.69) | |
| Mean Deviation | 0.16 | |
| Median | (0.02) | |
| Standard Deviation | 0.31 | |
| Sample Variance | 0.1 | |
| Range | 1.3663 | |
| R-Value | (0.26) | |
| Mean Square Error | 0.1 | |
| R-Squared | 0.07 | |
| Significance | 0.34 | |
| Slope | (0.02) | |
| Total Sum of Squares | 1.37 |
Hyliion Roe History
About Hyliion Holdings Financial Statements
Hyliion Holdings investors utilize fundamental indicators, such as Roe, to predict how Hyliion Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| ROE | (0.40) | (0.38) |
Pair Trading with Hyliion Holdings
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 Hyliion Holdings 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 Hyliion Holdings will appreciate offsetting losses from the drop in the long position's value.Moving together with Hyliion Stock
Moving against Hyliion Stock
| 0.82 | PITA | Heramba Electric plc | PairCorr |
| 0.81 | RUN | Sunrun Inc | PairCorr |
| 0.8 | WPRT | Westport Fuel Systems | PairCorr |
| 0.79 | SLDPW | Solid Power | PairCorr |
| 0.65 | SLDP | Solid Power | PairCorr |
The ability to find closely correlated positions to Hyliion Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyliion Holdings 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 Hyliion Holdings - 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 Hyliion Holdings Corp to buy it.
The correlation of Hyliion Holdings 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 Hyliion Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyliion Holdings Corp 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 Hyliion Holdings 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 the analysis of Hyliion Holdings Correlation against competitors. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Industrial Machinery & Supplies & Components 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 Hyliion Holdings. If investors know Hyliion 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 Hyliion Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.48) | Revenue Per Share 0.001 | Quarterly Revenue Growth (1.00) | Return On Assets (0.16) | Return On Equity (0.27) |
The market value of Hyliion Holdings Corp is measured differently than its book value, which is the value of Hyliion that is recorded on the company's balance sheet. Investors also form their own opinion of Hyliion Holdings' value that differs from its market value or its book value, called intrinsic value, which is Hyliion Holdings' 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 Hyliion Holdings' market value can be influenced by many factors that don't directly affect Hyliion Holdings' 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 Hyliion Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hyliion Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hyliion Holdings' 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.