Hyster Yale Materials Handling Stock Volatility
| HY Stock | USD 61.61 1.51 2.51% |
Hyster Yale Materials holds Efficiency (Sharpe) Ratio of -0.0296, which attests that the entity had a -0.0296% return per unit of risk over the last 3 months. Hyster Yale Materials exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hyster Yale's Standard Deviation of 3.35, market risk adjusted performance of (0.01), and Risk Adjusted Performance of 0.0024 to validate the risk estimate we provide. Key indicators related to Hyster Yale's volatility include:
360 Days Market Risk | Chance Of Distress | 360 Days Economic Sensitivity |
Hyster Yale Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Hyster daily returns, and it is calculated using variance and standard deviation. We also use Hyster's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Hyster Yale volatility.
Hyster |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Hyster Yale can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Hyster Yale at lower prices. For example, an investor can purchase Hyster stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Hyster Yale's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.
Moving together with Hyster Stock
| 0.77 | LEV | Lion Electric Corp Financial Report 14th of May 2024 | PairCorr |
| 0.67 | LNN | Lindsay Financial Report 4th of July 2024 | PairCorr |
Moving against Hyster Stock
| 0.74 | XOS | Xos Inc Financial Report 8th of May 2024 | PairCorr |
| 0.54 | PCAR | PACCAR Inc Earnings Call This Week | PairCorr |
| 0.49 | CAT | Caterpillar Earnings Call Tomorrow | PairCorr |
Hyster Yale Market Sensitivity And Downside Risk
Hyster Yale's beta coefficient measures the volatility of Hyster stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Hyster stock's returns against your selected market. In other words, Hyster Yale's beta of 2.33 provides an investor with an approximation of how much risk Hyster Yale stock can potentially add to one of your existing portfolios. Hyster Yale Materials Handling exhibits very low volatility with skewness of -1.74 and kurtosis of 9.13. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Hyster Yale's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Hyster Yale's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Hyster Yale Materials Demand TrendCheck current 90 days Hyster Yale correlation with market (NYSE Composite)Hyster Beta |
Hyster standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 3.29 |
It is essential to understand the difference between upside risk (as represented by Hyster Yale's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Hyster Yale's daily returns or price. Since the actual investment returns on holding a position in hyster stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Hyster Yale.
Using Hyster Put Option to Manage Risk
Put options written on Hyster Yale grant holders of the option the right to sell a specified amount of Hyster Yale at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Hyster Stock cannot fall below zero, the put buyer does gain as the price drops. So, one way investors can hedge Hyster Yale's position is by buying a put option against it. The put option used this way is usually referred to as insurance. If an undesired outcome occurs and loss on holding Hyster Yale will be realized, the loss incurred will be offset by the profits made with the option trade.
Hyster Yale's PUT expiring on 2024-05-17
Profit |
| Hyster Yale Price At Expiration |
Current Hyster Yale Insurance Chain
| Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Put | 2024-05-17 PUT at $60.0 | -0.4622 | 0.0472 | 8 | 2024-05-17 | 1.6 - 4.9 | 3.0 | View |
Hyster Yale Materials Stock Volatility Analysis
Volatility refers to the frequency at which Hyster Yale stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Hyster Yale's price changes. Investors will then calculate the volatility of Hyster Yale's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Hyster Yale's volatility:
Historical Volatility
This type of stock volatility measures Hyster Yale's fluctuations based on previous trends. It's commonly used to predict Hyster Yale's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Hyster Yale's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Hyster Yale's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Hyster Yale Materials Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Hyster Yale Projected Return Density Against Market
Allowing for the 90-day total investment horizon the stock has the beta coefficient of 2.3255 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Hyster Yale will likely underperform.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Hyster Yale or Machinery sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Hyster Yale's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Hyster stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Hyster Yale Materials Handling has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Predicted Return Density |
| Returns |
What Drives a Hyster Yale Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Hyster Yale Stock Risk Measures
Allowing for the 90-day total investment horizon the coefficient of variation of Hyster Yale is -3377.82. The daily returns are distributed with a variance of 10.81 and standard deviation of 3.29. The mean deviation of Hyster Yale Materials Handling is currently at 2.13. For similar time horizon, the selected benchmark (NYSE Composite) has volatility of 0.62
α | Alpha over NYSE Composite | -0.23 | |
β | Beta against NYSE Composite | 2.33 | |
σ | Overall volatility | 3.29 | |
Ir | Information ratio | -0.04 |
Hyster Yale Stock Return Volatility
Hyster Yale historical daily return volatility represents how much of Hyster Yale stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 3.2878% volatility on return distribution over the 90 days horizon. By contrast, NYSE Composite accepts 0.6371% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Hyster Yale Volatility
Volatility is a rate at which the price of Hyster Yale or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Hyster Yale may increase or decrease. In other words, similar to Hyster's beta indicator, it measures the risk of Hyster Yale and helps estimate the fluctuations that may happen in a short period of time. So if prices of Hyster Yale fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.| Last Reported | Projected for Next Year | ||
| Market Cap | 899.1 M | 620 M |
Hyster Yale's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Hyster Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Hyster Yale's price varies over time.
3 ways to utilize Hyster Yale's volatility to invest better
Higher Hyster Yale's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Hyster Yale Materials stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Hyster Yale Materials stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Hyster Yale Materials investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Hyster Yale's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Hyster Yale's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Hyster Yale Investment Opportunity
Hyster Yale Materials Handling has a volatility of 3.29 and is 5.14 times more volatile than NYSE Composite. 29 percent of all equities and portfolios are less risky than Hyster Yale. You can use Hyster Yale Materials Handling to enhance the returns of your portfolios. The stock experiences an unexpected upward trend. Watch out for market signals. Check odds of Hyster Yale to be traded at $73.93 in 90 days.Very weak diversification
The correlation between Hyster Yale Materials Handling and NYA is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hyster Yale Materials Handling and NYA in the same portfolio, assuming nothing else is changed.
Hyster Yale Additional Risk Indicators
The analysis of Hyster Yale's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Hyster Yale's investment and either accepting that risk or mitigating it. Along with some common measures of Hyster Yale stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0024 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 2.18 | |||
| Coefficient Of Variation | (10,723) | |||
| Standard Deviation | 3.35 | |||
| Variance | 11.23 | |||
| Information Ratio | (0.04) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Hyster Yale Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Hyster Yale as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Hyster Yale's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Hyster Yale's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Hyster Yale Materials Handling.
When determining whether Hyster Yale Materials offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hyster Yale's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hyster Yale Materials Handling Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hyster Yale Materials Handling Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hyster Yale Materials Handling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Hyster Stock analysis
When running Hyster Yale's price analysis, check to measure Hyster Yale's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hyster Yale is operating at the current time. Most of Hyster Yale's value examination focuses on studying past and present price action to predict the probability of Hyster Yale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hyster Yale's price. Additionally, you may evaluate how the addition of Hyster Yale to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Stocks Directory Find actively traded stocks across global markets | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Is Hyster Yale's 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. If investors know Hyster 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 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.183 | Dividend Share 1.298 | Earnings Share 7.24 | Revenue Per Share 240.316 | Quarterly Revenue Growth 0.043 |
The market value of Hyster Yale Materials is measured differently than its book value, which is the value of Hyster that is recorded on the company's balance sheet. Investors also form their own opinion of Hyster Yale's value that differs from its market value or its book value, called intrinsic value, which is Hyster Yale's 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's market value can be influenced by many factors that don't directly affect Hyster Yale's 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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hyster Yale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hyster Yale's 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.