HUBBELL INC 35 Market Value
| 443510AJ1 | 92.87 4.14 4.27% |
| Symbol | HUBBELL |
HUBBELL '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's bond 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.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in HUBBELL on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding HUBBELL INC 35 or generate 0.0% return on investment in HUBBELL over 90 days. HUBBELL is related to or competes with SNDL, Naked Wines, Perseus Mining, Celsius Holdings, and Diageo PLC. More
HUBBELL 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's bond 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 INC 35 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.24 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.09 |
HUBBELL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HUBBELL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HUBBELL's standard deviation. In reality, there are many statistical measures that can use HUBBELL historical prices to predict the future HUBBELL's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.6517 |
HUBBELL INC 35 Backtested Returns
HUBBELL INC 35 retains Efficiency (Sharpe Ratio) of -0.11, which attests that the entity had a -0.11% return per unit of return volatility over the last 3 months. HUBBELL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HUBBELL's Standard Deviation of 0.9316, coefficient of variation of (1,512), and Market Risk Adjusted Performance of 0.6617 to validate the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HUBBELL are expected to decrease at a much lower rate. During the bear market, HUBBELL is likely to outperform the market.
Auto-correlation | 0.32 |
Below average predictability
HUBBELL INC 35 has below average predictability. Overlapping area represents the amount of predictability between HUBBELL time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th 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 HUBBELL INC 35 price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current HUBBELL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
HUBBELL INC 35 lagged returns against current returns
Autocorrelation, which is HUBBELL bond'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's bond expected returns. We can calculate the autocorrelation of HUBBELL returns to help us make a trade decision. For example, suppose you find that HUBBELL has exhibited high autocorrelation historically, and you observe that the bond 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 |
HUBBELL 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HUBBELL bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HUBBELL bond over time.
Current vs Lagged Prices |
| Timeline |
HUBBELL Lagged Returns
When evaluating HUBBELL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HUBBELL bond have on its future price. HUBBELL 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 autocorrelation shows the relationship between HUBBELL bond current value and its past values and can show if there is a momentum factor associated with investing in HUBBELL INC 35.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in HUBBELL Bond
HUBBELL financial ratios help investors to determine whether HUBBELL Bond 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 security.