Hawaiian Electric Industries Stock Market Value
| HE Stock | USD 11.24 0.34 3.12% |
| Symbol | Hawaiian |
Hawaiian Electric Price To Book Ratio
Is Electric Utilities space 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 (0.24) | Earnings Share (10.42) | Revenue Per Share | Quarterly Revenue Growth (0.16) | Return On Assets |
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.
Hawaiian Electric '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 Hawaiian Electric'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 Hawaiian Electric.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Hawaiian Electric on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Hawaiian Electric Industries or generate 0.0% return on investment in Hawaiian Electric over 90 days. Hawaiian Electric is related to or competes with DTE Energy, Alliant Energy, Ameren Corp, CenterPoint Energy, Pinnacle West, CMS Energy, and MGE Energy. Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and renewa... More
Hawaiian Electric 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 Hawaiian Electric'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 Hawaiian Electric Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | 0.0749 | |||
| Maximum Drawdown | 12.61 | |||
| Value At Risk | (4.18) | |||
| Potential Upside | 5.6 |
Hawaiian Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hawaiian Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hawaiian Electric's standard deviation. In reality, there are many statistical measures that can use Hawaiian Electric historical prices to predict the future Hawaiian Electric's volatility.| Risk Adjusted Performance | 0.0432 | |||
| Jensen Alpha | 0.2501 | |||
| Total Risk Alpha | 0.4839 | |||
| Sortino Ratio | 0.0895 | |||
| Treynor Ratio | 0.0897 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hawaiian Electric'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.
Hawaiian Electric Backtested Returns
Hawaiian Electric appears to be somewhat reliable, given 3 months investment horizon. Hawaiian Electric holds Efficiency (Sharpe) Ratio of 0.0665, which attests that the entity had a 0.0665 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hawaiian Electric, which you can use to evaluate the volatility of the firm. Please utilize Hawaiian Electric's Risk Adjusted Performance of 0.0432, downside deviation of 2.48, and Market Risk Adjusted Performance of 0.0997 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hawaiian Electric holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 1.26, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hawaiian Electric will likely underperform. Please check Hawaiian Electric's value at risk, kurtosis, market facilitation index, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether Hawaiian Electric's current trending patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Hawaiian Electric Industries has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Hawaiian Electric time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hawaiian Electric price movement. The serial correlation of -0.78 indicates that around 78.0% of current Hawaiian Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
Hawaiian Electric lagged returns against current returns
Autocorrelation, which is Hawaiian Electric 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 Hawaiian Electric's stock expected returns. We can calculate the autocorrelation of Hawaiian Electric returns to help us make a trade decision. For example, suppose you find that Hawaiian Electric 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 |
| Timeline |
Hawaiian Electric 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 Hawaiian Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hawaiian Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hawaiian Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Hawaiian Electric Lagged Returns
When evaluating Hawaiian Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hawaiian Electric stock have on its future price. Hawaiian Electric 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, Hawaiian Electric autocorrelation shows the relationship between Hawaiian Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Hawaiian Electric Industries.
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.Check out Hawaiian Electric Correlation, Hawaiian Electric Volatility and Hawaiian Electric Alpha and Beta module to complement your research on Hawaiian Electric. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.