Hyliion Income Quality vs Net Income Per Share Analysis
| HYLN Stock | USD 3.84 0.13 3.50% |
Hyliion Holdings financial indicator trend analysis is much more than just examining Hyliion Holdings Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hyliion Holdings Corp is a good investment. Please check the relationship between Hyliion Holdings Income Quality and its Net Income Per Share accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hyliion Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Income Quality vs Net Income Per Share
Income Quality vs Net Income Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hyliion Holdings Corp Income Quality account and Net Income Per Share. At this time, the significance of the direction appears to have strong relationship.
The correlation between Hyliion Holdings' Income Quality and Net Income Per Share is 0.64. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Hyliion Holdings Corp, assuming nothing else is changed. The correlation between historical values of Hyliion Holdings' Income Quality and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Hyliion Holdings Corp are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Income Quality i.e., Hyliion Holdings' Income Quality and Net Income Per Share go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.Net Income Per Share
Most indicators from Hyliion Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hyliion Holdings Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hyliion Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. As of the 25th of November 2024, Sales General And Administrative To Revenue is likely to grow to 91.44, while Selling General Administrative is likely to drop about 27.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 93.6M | 152.4M | 136.3M | 91.6M | Cost Of Revenue | 2.7M | 8.8M | 1.7M | 1.6M |
Hyliion Holdings fundamental ratios Correlations
Click cells to compare fundamentals
Hyliion Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Hyliion Holdings fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 12.4M | 4.7M | 15.2M | 14.7M | 15.1M | 12.0M | |
| Other Liab | 5.3M | 175K | 667K | 1.5M | 1.4M | 1.6M | |
| Net Tangible Assets | (18.5M) | 639.8M | 553.7M | 423.4M | 486.9M | 344.8M | |
| Retained Earnings | (49.0M) | (88.1M) | 179.1M | 25.7M | (97.8M) | (92.9M) | |
| Accounts Payable | 1.2M | 1.9M | 7.5M | 2.8M | 4.2M | 3.6M | |
| Other Assets | 236.1M | 193K | 1.5M | 1.7M | 1.5M | 1.4M | |
| Net Receivables | 145K | 92K | 70K | 1.1M | 40K | 38K | |
| Other Current Assets | 414K | 20.6M | 18.1M | 9.8M | 18.5M | 12.4M | |
| Total Current Assets | 6.8M | 608.1M | 386.5M | 324.2M | 181.7M | 276.6M | |
| Property Plant Equipment | 6.6M | 6.2M | 2.2M | 12.1M | 13.9M | 7.8M |
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
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| 0.53 | EFSH | 1847 Holdings LLC | 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hyliion Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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.