By analyzing existing essential indicators between Hyliion Hldg and Foresight, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in Foresight with a short position in Hyliion Hldg. Check out our
pair correlation module for more information.
Let's begin by analyzing the assets.
One of the ways to look at asset utilization of Hyliion is to check how much profit was generated for every dollar of assets it reports. Hyliion Hldg retains a negative application of resources of -9.74 (percent), losing $0.0974 for each dollar of resources held by the firm. Inadequate asset utilization attests that the company is being less effective with each dollar of resources it retains. Simply put, asset utilization of Hyliion Hldg Corp shows how discouraging it operates for each dollar spent on its resources.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two entities, such as Hyliion or Aeva is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.
How important is Hyliion Holdings's Liquidity
Hyliion Holdings
financial leverage refers to using borrowed capital as a funding source to finance Hyliion Holdings Corp ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Hyliion Holdings financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Hyliion Holdings' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Hyliion Holdings' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between Hyliion Holdings's total debt and its cash.
Correlation Between Hyliion and Aeva Technologies
In general, Stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Hyliion Holdings together with similar or unrelated positions with a negative correlation. For example, you can also add Aeva Technologies to your portfolio. If Aeva Technologies is not perfectly correlated to Hyliion Holdings it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Hyliion Holdings, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Are you currently holding both Hyliion Holdings and Aeva Technologies in your portfolio? Please note if you are using this as a pair-trade strategy between Hyliion Holdings and Aeva Technologies, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses. Please check
pair correlation details between HYLN and AEVA for more information.
An Additional Perspective On Hyliion Holdings Corp
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Revenue Breakdown
Lets now take a look at Hyliion Hldg revenue. Based on the latest financial disclosure, Hyliion Hldg Corp reported 200
K of revenue. This is 100.0% lower than that of the Consumer Cyclical sector and 100.0% lower than that of the
Auto Parts industry. The revenue for all United States stocks is 100.0% higher than that of Hyliion Hldg. As for Foresight Autonomous we see revenue of 120
K, which is 100.0% lower than that of the Auto Parts
| HYLN | 200,000 | 0.003938 |
| Sector | 5.08 Billion | 99.99 |
| FRSX | 120,000 | 0.002363 |
Hyliion Hldg is epected to finish above $3.46 in July
The value at risk is down to -7.3 as of today.
As of the 10th of June, Hyliion Hldg retains the
risk adjusted performance of
(0.009691), and Market Risk Adjusted Performance of
(0.022925). Hyliion Hldg
technical analysis makes it possible for you to employ
historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down and interpolate nineteen
technical drivers for Hyliion Hldg Corp, which can be compared to its competitors. Please check out
Hyliion Hldg Corp coefficient of variation,
treynor ratio, as well as the
relationship between the Treynor Ratio and
semi variance to decide if Hyliion Hldg is priced fairly, providing market reflects its last-minute price of 3.53 per share. Given that Hyliion Hldg Corp has
jensen alpha of
(0.032228), we strongly advise you to confirm Hyliion Hldg Corp's regular market performance to make sure the company can sustain itself at a future point.
Whereas some other entities under the auto parts industry are still a bit expensive, Hyliion Hldg may offer a potential longer-term growth to institutional investors. To conclude, as of the 10th of June 2022, we see that Hyliion Hldg actively responds to the market. The company is
undervalued with
below average odds of distress within the next 24 months. Our primary 90 days advice on the company is
Hold.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Hyliion Holdings Corp. Please refer to our
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