Hyliion Holdings Corp Stock Market Value
| HYLN Stock | USD 3.71 0.80 27.49% |
| Symbol | Hyliion |
Hyliion Holdings Corp Price To Book Ratio
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.
Hyliion Holdings '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 Hyliion Holdings' 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 Hyliion Holdings.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Hyliion Holdings on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Hyliion Holdings Corp or generate 0.0% return on investment in Hyliion Holdings over 720 days. Hyliion Holdings is related to or competes with Quantumscape Corp, Mobileye Global, Innoviz Technologies, Aeva Technologies, Luminar Technologies, Westport Fuel, and Foresight Autonomous. Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry More
Hyliion Holdings 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 Hyliion Holdings' 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 Hyliion Holdings Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.12 | |||
| Information Ratio | 0.1243 | |||
| Maximum Drawdown | 20.85 | |||
| Value At Risk | (6.43) | |||
| Potential Upside | 9.3 |
Hyliion Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyliion Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyliion Holdings' standard deviation. In reality, there are many statistical measures that can use Hyliion Holdings historical prices to predict the future Hyliion Holdings' volatility.| Risk Adjusted Performance | 0.1171 | |||
| Jensen Alpha | 0.4507 | |||
| Total Risk Alpha | 0.1372 | |||
| Sortino Ratio | 0.1438 | |||
| Treynor Ratio | 0.2551 |
Hyliion Holdings Corp Backtested Returns
Hyliion Holdings is very risky given 3 months investment horizon. Hyliion Holdings Corp holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.11% are justified by taking the suggested risk. Use Hyliion Holdings Corp Market Risk Adjusted Performance of 0.2651, risk adjusted performance of 0.1171, and Downside Deviation of 4.12 to evaluate company specific risk that cannot be diversified away. Hyliion Holdings holds a performance score of 14 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 2.66, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hyliion Holdings will likely underperform. Use Hyliion Holdings Corp semi variance, and the relationship between the treynor ratio and daily balance of power , to analyze future returns on Hyliion Holdings Corp.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
Hyliion Holdings Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hyliion Holdings time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Hyliion Holdings Corp price movement. The serial correlation of -0.79 indicates that around 79.0% of current Hyliion Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Hyliion Holdings Corp lagged returns against current returns
Autocorrelation, which is Hyliion Holdings 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 Hyliion Holdings' stock expected returns. We can calculate the autocorrelation of Hyliion Holdings returns to help us make a trade decision. For example, suppose you find that Hyliion Holdings 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 |
Hyliion Holdings 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 Hyliion Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyliion Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyliion Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Hyliion Holdings Lagged Returns
When evaluating Hyliion Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyliion Holdings stock have on its future price. Hyliion Holdings 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, Hyliion Holdings autocorrelation shows the relationship between Hyliion Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Hyliion Holdings Corp.
Regressed Prices |
| Timeline |
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 Hyliion Holdings Correlation, Hyliion Holdings Volatility and Hyliion Holdings Alpha and Beta module to complement your research on Hyliion Holdings. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Hyliion Holdings 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.