Hyster-Yale Stock Alpha and Beta Analysis


USD 31.01  0.76  2.51%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Hyster-Yale Materials Handling. It also helps investors analyze the systematic and unsystematic risks associated with investing in Hyster-Yale Materials over a specified time horizon. Remember, high Hyster-Yale Materials' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Hyster-Yale Materials Backtesting, Hyster-Yale Materials Valuation, Hyster-Yale Materials Correlation, Hyster-Yale Materials Hype Analysis, Hyster-Yale Materials Volatility, Hyster-Yale Materials History and analyze Hyster-Yale Materials Performance.
Please note that although Hyster-Yale Materials alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Hyster-Yale Materials did 0.08  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Hyster-Yale Materials Handling stock's relative risk over its benchmark. Hyster-Yale Materials has a beta of 1.43  . 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.
Hyster-Yale Materials Book Value per Share is fairly stable at the moment as compared to the past year. Hyster-Yale Materials reported Book Value per Share of 21.22 in 2021. Price to Book Value is likely to rise to 1.96 in 2022, whereas Enterprise Value over EBIT is likely to drop (8.21)  in 2022.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

1.23 Billion

Hyster-Yale Materials Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Hyster-Yale Materials market risk premium is the additional return an investor will receive from holding Hyster-Yale Materials long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Hyster-Yale Materials. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Hyster-Yale Materials' performance over market.
α-0.08   β1.43
90 days against NYA

Hyster-Yale Materials expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Hyster-Yale Materials' Buy-and-hold return. Our buy-and-hold chart shows how Hyster-Yale Materials performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Hyster-Yale Materials Market Price Analysis

Market price analysis indicators help investors to evaluate how Hyster-Yale Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hyster-Yale Materials shares will generate the highest return on investment. By understating and applying Hyster-Yale Materials stock market price indicators, traders can identify Hyster-Yale Materials position entry and exit signals to maximize returns.

Hyster-Yale Materials Return and Market Media

The median price of Hyster-Yale Materials for the period between Sat, Sep 3, 2022 and Fri, Dec 2, 2022 is 28.45 with a coefficient of variation of 10.58. The daily time series for the period is distributed with a sample standard deviation of 2.91, arithmetic mean of 27.45, and mean deviation of 2.47. The Stock received some media coverage during the period.
 Price Growth (%)  
Acquisition by Eugene Wong of 880 shares of Hyster Yale subj...10/05/2022
Industrial Truck Market Size And Forecast Toyota Industries ...10/21/2022
Hyster-Yale Materials Handling Third Quarter 2022 Earnings E...11/03/2022

About Hyster-Yale Materials Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Hyster-Yale or other stocks. Alpha measures the amount that position in Hyster-Yale Materials has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2020 2021 2022 (projected)
Long Term Debt to Equity0.330.730.79
Interest Coverage3.644.194.3

Hyster-Yale Materials Upcoming Company Events

As portrayed in its financial statements, the presentation of Hyster-Yale Materials' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Hyster-Yale Materials' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Hyster-Yale Materials' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Hyster-Yale Materials. Please utilize our Beneish M Score to check the likelihood of Hyster-Yale Materials' management manipulating its earnings.
Upcoming Quarterly Report23rd of February 2022
Next Fiscal Quarter End31st of December 2021

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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...