Hawaiian Electric Industries Stock Technical Analysis
HE Stock | USD 9.77 0.25 2.63% |
As of the 18th of April 2024, Hawaiian Electric retains the Standard Deviation of 2.63, risk adjusted performance of (0.10), and Market Risk Adjusted Performance of (0.32). Hawaiian Electric technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Hawaiian Electric, which can be compared to its competitors. Please check out Hawaiian Electric standard deviation, as well as the relationship between the treynor ratio and potential upside to decide if Hawaiian Electric is priced fairly, providing market reflects its last-minute price of 9.77 per share. Given that Hawaiian Electric Industries has information ratio of (0.19), we strongly advise you to confirm Hawaiian Electric's regular market performance to make sure the company can sustain itself at a future point.
Hawaiian Electric Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Hawaiian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HawaiianHawaiian |
Hawaiian Electric Analyst Consensus
Target Price | Advice | # of Analysts | |
9.17 | Hold | 3 | Odds |
Most Hawaiian analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Hawaiian stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Hawaiian Electric, talking to its executives and customers, or listening to Hawaiian conference calls.
Hawaiian Electric 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.
Hawaiian Electric Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Hawaiian Electric volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Hawaiian Electric Trend Analysis
Use this graph to draw trend lines for Hawaiian Electric Industries. You can use it to identify possible trend reversals for Hawaiian Electric as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Hawaiian Electric price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Hawaiian Electric Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Hawaiian Electric Industries applied against its price change over selected period. The best fit line has a slop of 0.06 , which may indicate that the price for Hawaiian Electric Industries will continue to decline. It has 122 observation points and a regression sum of squares at 136.25, which is the sum of squared deviations for the predicted Hawaiian Electric price change compared to its average price change.About Hawaiian Electric Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Hawaiian Electric Industries on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Hawaiian Electric Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Hawaiian Electric price pattern first instead of the macroeconomic environment surrounding Hawaiian Electric. By analyzing Hawaiian Electric's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Hawaiian Electric's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Hawaiian Electric specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0332 | 0.0339 | 0.0738 | 0.0493 | Price To Sales Ratio | 1.59 | 1.22 | 0.42 | 0.77 |
Hawaiian Electric April 18, 2024 Technical Indicators
Most technical analysis of Hawaiian help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Hawaiian from various momentum indicators to cycle indicators. When you analyze Hawaiian charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.10) | |||
Market Risk Adjusted Performance | (0.32) | |||
Mean Deviation | 1.93 | |||
Coefficient Of Variation | (582.24) | |||
Standard Deviation | 2.63 | |||
Variance | 6.89 | |||
Information Ratio | (0.19) | |||
Jensen Alpha | (0.52) | |||
Total Risk Alpha | (0.65) | |||
Treynor Ratio | (0.33) | |||
Maximum Drawdown | 16.71 | |||
Value At Risk | (3.96) | |||
Potential Upside | 4.28 | |||
Skewness | (0.50) | |||
Kurtosis | 2.77 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hawaiian Electric Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Hawaiian Electric information on this page should be used as a complementary analysis to other Hawaiian Electric's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Hawaiian Stock analysis
When running Hawaiian Electric's price analysis, check to measure Hawaiian Electric'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 Hawaiian Electric is operating at the current time. Most of Hawaiian Electric's value examination focuses on studying past and present price action to predict the probability of Hawaiian Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hawaiian Electric's price. Additionally, you may evaluate how the addition of Hawaiian Electric to your portfolios can decrease your overall portfolio volatility.
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Is Hawaiian Electric'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 Hawaiian Electric. If investors know Hawaiian 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 Hawaiian Electric 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 (0.15) | Dividend Share 1.08 | Earnings Share 1.81 | Revenue Per Share 33.554 | Quarterly Revenue Growth (0.06) |
The market value of Hawaiian Electric is measured differently than its book value, which is the value of Hawaiian that is recorded on the company's balance sheet. Investors also form their own opinion of Hawaiian Electric's value that differs from its market value or its book value, called intrinsic value, which is Hawaiian Electric'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 Hawaiian Electric's market value can be influenced by many factors that don't directly affect Hawaiian Electric'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 Hawaiian Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hawaiian Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hawaiian Electric'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.