Hawaiian Electric Stock Market Value
| HAWEL Stock | USD 15.50 0.50 3.12% |
| Symbol | Hawaiian |
Hawaiian Electric '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 Hawaiian Electric's pink sheet 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 Hawaiian Electric.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Hawaiian Electric on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding Hawaiian Electric or generate 0.0% return on investment in Hawaiian Electric over 90 days. Hawaiian Electric is related to or competes with CMS Energy, Alliant Energy, IDACORP, Pinnacle West, Korea Electric, Duke Energy, and Consolidated Edison. More
Hawaiian Electric 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 Hawaiian Electric's pink sheet 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 Hawaiian Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.09 | |||
| Information Ratio | 0.0369 | |||
| Maximum Drawdown | 39.11 | |||
| Value At Risk | (7.78) | |||
| Potential Upside | 8.3 |
Hawaiian Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hawaiian Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hawaiian Electric's standard deviation. In reality, there are many statistical measures that can use Hawaiian Electric historical prices to predict the future Hawaiian Electric's volatility.| Risk Adjusted Performance | 0.055 | |||
| Jensen Alpha | 0.3389 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0242 | |||
| Treynor Ratio | (1.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hawaiian Electric's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hawaiian Electric Backtested Returns
Hawaiian Electric appears to be somewhat reliable, given 3 months investment horizon. Hawaiian Electric holds Efficiency (Sharpe) Ratio of 0.0606, which attests that the entity had a 0.0606% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hawaiian Electric, which you can use to evaluate the volatility of the firm. Please utilize Hawaiian Electric's Downside Deviation of 8.09, risk adjusted performance of 0.055, and Market Risk Adjusted Performance of (1.27) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hawaiian Electric holds a performance score of 4. The company retains a Market Volatility (i.e., Beta) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hawaiian Electric are expected to decrease at a much lower rate. During the bear market, Hawaiian Electric is likely to outperform the market. Please check Hawaiian Electric's skewness, and the relationship between the potential upside and day median price , to make a quick decision on whether Hawaiian Electric's current trending patterns will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Hawaiian Electric has virtually no predictability. Overlapping area represents the amount of predictability between Hawaiian Electric time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th of November 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 Hawaiian Electric price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Hawaiian Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Hawaiian Electric lagged returns against current returns
Autocorrelation, which is Hawaiian Electric pink sheet'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 Hawaiian Electric's pink sheet expected returns. We can calculate the autocorrelation of Hawaiian Electric returns to help us make a trade decision. For example, suppose you find that Hawaiian Electric has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Hawaiian Electric 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 Hawaiian Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hawaiian Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hawaiian Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hawaiian Electric Lagged Returns
When evaluating Hawaiian Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hawaiian Electric pink sheet have on its future price. Hawaiian Electric 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, Hawaiian Electric autocorrelation shows the relationship between Hawaiian Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hawaiian Electric.
Regressed Prices |
| Timeline |
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Hawaiian Electric financial ratios help investors to determine whether Hawaiian Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hawaiian with respect to the benefits of owning Hawaiian Electric security.