Hubbell Incorporated (Germany) Market Value
| HUEC Stock | EUR 424.00 10.00 2.30% |
| Symbol | Hubbell |
Hubbell Incorporated '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 Hubbell Incorporated's 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 Hubbell Incorporated.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Hubbell Incorporated on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Hubbell Incorporated or generate 0.0% return on investment in Hubbell Incorporated over 360 days. Hubbell Incorporated is related to or competes with Sunny Optical, TDK, Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, and Reliance Steel. Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and intern... More
Hubbell Incorporated 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 Hubbell Incorporated's 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 Hubbell Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.1248 | |||
| Maximum Drawdown | 9.4 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 4.48 |
Hubbell Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hubbell Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hubbell Incorporated's standard deviation. In reality, there are many statistical measures that can use Hubbell Incorporated historical prices to predict the future Hubbell Incorporated's volatility.| Risk Adjusted Performance | 0.1447 | |||
| Jensen Alpha | 0.2379 | |||
| Total Risk Alpha | 0.052 | |||
| Sortino Ratio | 0.1503 | |||
| Treynor Ratio | 0.3655 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hubbell Incorporated'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.
Hubbell Incorporated Backtested Returns
Hubbell Incorporated appears to be very steady, given 3 months investment horizon. Hubbell Incorporated holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hubbell Incorporated, which you can use to evaluate the volatility of the firm. Please utilize Hubbell Incorporated's Downside Deviation of 1.54, risk adjusted performance of 0.1447, and Market Risk Adjusted Performance of 0.3755 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hubbell Incorporated holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Hubbell Incorporated returns are very sensitive to returns on the market. As the market goes up or down, Hubbell Incorporated is expected to follow. Please check Hubbell Incorporated's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Hubbell Incorporated's current trending patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Hubbell Incorporated has modest predictability. Overlapping area represents the amount of predictability between Hubbell Incorporated time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th of December 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 Hubbell Incorporated price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Hubbell Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 1394.11 |
Hubbell Incorporated lagged returns against current returns
Autocorrelation, which is Hubbell Incorporated 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 Hubbell Incorporated's stock expected returns. We can calculate the autocorrelation of Hubbell Incorporated returns to help us make a trade decision. For example, suppose you find that Hubbell Incorporated 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 |
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Hubbell Incorporated 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 Hubbell Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hubbell Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hubbell Incorporated stock over time.
Current vs Lagged Prices |
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Hubbell Incorporated Lagged Returns
When evaluating Hubbell Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hubbell Incorporated stock have on its future price. Hubbell Incorporated 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, Hubbell Incorporated autocorrelation shows the relationship between Hubbell Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in Hubbell Incorporated.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Hubbell Stock
Hubbell Incorporated financial ratios help investors to determine whether Hubbell Stock 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 Hubbell with respect to the benefits of owning Hubbell Incorporated security.