Hyster Yale Materials Handling Stock Technical Analysis
HY Stock | USD 62.93 2.53 4.19% |
As of the 28th of March, Hyster Yale retains the Market Risk Adjusted Performance of 0.0626, risk adjusted performance of 0.0328, and Downside Deviation of 3.84. Hyster Yale 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 have analyzed and interpolated nineteen technical drivers for Hyster-Yale Materials, which can be compared to its competitors. Please check out Hyster-Yale Materials variance and potential upside to decide if Hyster Yale is priced fairly, providing market reflects its last-minute price of 62.93 per share. Given that Hyster Yale Materials Handling has jensen alpha of (0.19), we strongly advise you to confirm Hyster-Yale Materials's regular market performance to make sure the company can sustain itself at a future point.
Hyster Yale Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Hyster, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HysterHyster |
Hyster Yale Analyst Consensus
Target Price | Advice | # of Analysts | |
75.0 | Strong Buy | 2 | Odds |
Most Hyster 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 Hyster stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Hyster-Yale Materials, talking to its executives and customers, or listening to Hyster conference calls.
Hyster Yale 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.
Hyster-Yale Materials Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Hyster-Yale Materials volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Hyster-Yale Materials Trend Analysis
Use this graph to draw trend lines for Hyster Yale Materials Handling. You can use it to identify possible trend reversals for Hyster Yale 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 Hyster Yale price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Hyster Yale Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Hyster Yale Materials Handling applied against its price change over selected period. The best fit line has a slop of 0.1 , which may indicate that the price for Hyster Yale Materials Handling will continue to decline. It has 122 observation points and a regression sum of squares at 413.57, which is the sum of squared deviations for the predicted Hyster Yale price change compared to its average price change.About Hyster Yale 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 Hyster Yale Materials Handling 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 Hyster Yale Materials Handling based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Hyster-Yale Materials price pattern first instead of the macroeconomic environment surrounding Hyster-Yale Materials. By analyzing Hyster Yale'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 Hyster Yale'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 Hyster Yale specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0313 | 0.0512 | 0.016 | Price To Sales Ratio | 0.22 | 0.12 | 0.39 |
Hyster Yale March 28, 2024 Technical Indicators
Most technical analysis of Hyster 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 Hyster from various momentum indicators to cycle indicators. When you analyze Hyster 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 | 0.0328 | |||
Market Risk Adjusted Performance | 0.0626 | |||
Mean Deviation | 2.13 | |||
Semi Deviation | 3.76 | |||
Downside Deviation | 3.84 | |||
Coefficient Of Variation | 2272.59 | |||
Standard Deviation | 3.34 | |||
Variance | 11.18 | |||
Information Ratio | 0.0038 | |||
Jensen Alpha | (0.19) | |||
Total Risk Alpha | (0.61) | |||
Sortino Ratio | 0.0033 | |||
Treynor Ratio | 0.0526 | |||
Maximum Drawdown | 24.51 | |||
Value At Risk | (4.05) | |||
Potential Upside | 4.74 | |||
Downside Variance | 14.73 | |||
Semi Variance | 14.11 | |||
Expected Short fall | (2.22) | |||
Skewness | (1.86) | |||
Kurtosis | 9.69 |
Hyster Yale March 28, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Hyster stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 2,443 | ||
Daily Balance Of Power | 1.08 | ||
Rate Of Daily Change | 1.04 | ||
Day Median Price | 61.79 | ||
Day Typical Price | 62.17 | ||
Price Action Indicator | 2.41 |
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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.
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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.