Hyster-Yale Stock Market Value

HY
 Stock
  

USD 31.01  0.76  2.51%   

Hyster-Yale Materials' market value is the price at which a share of Hyster-Yale Materials stock trades on a public exchange. It measures the collective expectations of Hyster-Yale Materials Handling investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Hyster-Yale Materials Handling and determine expected loss or profit from investing in Hyster-Yale Materials over a given investment horizon. Please check Hyster-Yale Materials Correlation, Hyster-Yale Materials Volatility and Hyster-Yale Materials Alpha and Beta module to complement your research on Hyster-Yale Materials.
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Is Hyster-Yale Materials' industry 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 Hyster-Yale Materials. If investors know Hyster-Yale 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 Hyster-Yale Materials listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Hyster-Yale Materials is measured differently than its book value, which is the value of Hyster-Yale that is recorded on the company's balance sheet. Investors also form their own opinion of Hyster-Yale Materials' value that differs from its market value or its book value, called intrinsic value, which is Hyster-Yale Materials' 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 Hyster-Yale Materials' market value can be influenced by many factors that don't directly affect Hyster-Yale Materials' 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 Hyster-Yale Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine Hyster-Yale Materials value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hyster-Yale Materials' 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.

Hyster-Yale Materials '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 Hyster-Yale Materials' 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 Hyster-Yale Materials.
0.00
06/10/2021
No Change 0.00  0.0 
In 1 year 5 months and 25 days
12/02/2022
0.00
If you would invest  0.00  in Hyster-Yale Materials on June 10, 2021 and sell it all today you would earn a total of 0.00 from holding Hyster-Yale Materials Handling or generate 0.0% return on investment in Hyster-Yale Materials over 540 days. Hyster-Yale Materials is related to or competes with Anheuser-Busch InBev, Etsy, Anheuser Busch, Linde PLC, HP, Pfizer, and B of A. Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a ... More

Hyster-Yale Materials 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 Hyster-Yale Materials' 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 Hyster-Yale Materials Handling upside and downside potential and time the market with a certain degree of confidence.

Hyster-Yale Materials Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyster-Yale Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyster-Yale Materials' standard deviation. In reality, there are many statistical measures that can use Hyster-Yale Materials historical prices to predict the future Hyster-Yale Materials' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Hyster-Yale Materials' 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. Please use the tools below to analyze the current value of Hyster-Yale Materials in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
27.2530.3633.47
Details
Intrinsic
Valuation
LowReal ValueHigh
27.3730.4833.59
Details
1 Analysts
Consensus
LowTarget PriceHigh
38.0038.0038.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hyster-Yale Materials. Your research has to be compared to or analyzed against Hyster-Yale Materials' peers to derive any actionable benefits. When done correctly, Hyster-Yale Materials' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Hyster-Yale Materials.

Hyster-Yale Materials Backtested Returns

Hyster-Yale Materials appears to be very steady, given 3 months investment horizon. Hyster-Yale Materials holds Efficiency (Sharpe) Ratio of 0.0696, which attests that the entity had 0.0696% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Hyster-Yale Materials, which you can use to evaluate the future volatility of the firm. Please utilize Hyster-Yale Materials' Market Risk Adjusted Performance of 0.0657, downside deviation of 3.02, and Risk Adjusted Performance of 0.0489 to validate if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Hyster-Yale Materials holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 1.4284, which attests to a somewhat significant risk relative to the market. Let's try to break down what Hyster-Yale's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hyster-Yale Materials will likely underperform. Although it is important to respect Hyster-Yale Materials current price history, it is better to be realistic regarding the information on the equity's current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Hyster-Yale Materials technical indicators, you can presently evaluate if the expected return of 0.22% will be sustainable into the future. Please utilizes Hyster-Yale Materials potential upside, as well as the relationship between the accumulation distribution and price action indicator to make a quick decision on whether Hyster-Yale Materials Handling current trending patterns will revert.

Auto-correlation

    
  0.50  

Modest predictability

Hyster-Yale Materials Handling has modest predictability. Overlapping area represents the amount of predictability between Hyster-Yale Materials time series from 10th of June 2021 to 7th of March 2022 and 7th of March 2022 to 2nd of December 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hyster-Yale Materials price movement. The serial correlation of 0.5 indicates that about 50.0% of current Hyster-Yale Materials price fluctuation can be explain by its past prices.
Correlation Coefficient0.5
Spearman Rank Test0.62
Residual Average0.0
Price Variance12.36

Hyster-Yale Materials lagged returns against current returns

Autocorrelation, which is Hyster-Yale Materials 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 Hyster-Yale Materials' stock expected returns. We can calculate the autocorrelation of Hyster-Yale Materials returns to help us make a trade decision. For example, suppose you find that Hyster-Yale Materials stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

Hyster-Yale Materials 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 Hyster-Yale Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyster-Yale Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyster-Yale Materials stock over time.
   Current vs Lagged Prices   
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       Timeline  

Hyster-Yale Materials Lagged Returns

When evaluating Hyster-Yale Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyster-Yale Materials stock have on its future price. Hyster-Yale Materials 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, Hyster-Yale Materials autocorrelation shows the relationship between Hyster-Yale Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Hyster-Yale Materials Handling.
   Regressed Prices   
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       Timeline  

Hyster-Yale Materials Investors Sentiment

The influence of Hyster-Yale Materials' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Hyster-Yale. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Hyster-Yale Materials' public news can be used to forecast risks associated with investment in Hyster-Yale. The trend in average sentiment can be used to explain how an investor holding Hyster-Yale can time the market purely based on public headlines and social activities around Hyster-Yale Materials Handling. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Hyster-Yale Materials' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Hyster-Yale Materials' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Hyster-Yale Materials' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Hyster-Yale Materials.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hyster-Yale Materials in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hyster-Yale Materials' short interest history, or implied volatility extrapolated from Hyster-Yale Materials options trading.

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Please check Hyster-Yale Materials Correlation, Hyster-Yale Materials Volatility and Hyster-Yale Materials Alpha and Beta module to complement your research on Hyster-Yale Materials. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.

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Hyster-Yale Materials 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.
A focus of Hyster-Yale Materials technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hyster-Yale Materials trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...