HUBBELL's market value is the price at which a share of HUBBELL trades on an exchange. It measures the collective expectations of HUBBELL INC 35 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of HUBBELL INC 35 and determine expected loss or profit from investing in HUBBELL over a given investment horizon. Check out HUBBELL Correlation, HUBBELL Volatility and HUBBELL Alpha and Beta module to complement your research on HUBBELL. For information on how to trade HUBBELL Bond refer to our How to Trade HUBBELL Bond guide.
Please note, there is a significant difference between HUBBELL's value and its price as these two are different measures arrived at by different means. Investors typically determine if HUBBELL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HUBBELL'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.
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.
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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as HUBBELL. Your research has to be compared to or analyzed against HUBBELL's peers to derive any actionable benefits. When done correctly, HUBBELL's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in HUBBELL INC 35.
HUBBELL INC 35 Backtested Returns
HUBBELL INC 35 retains Efficiency (Sharpe Ratio) of -0.0395, which attests that the entity had a -0.0395% 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 0.8894, market risk adjusted performance of 1.12, and Coefficient Of Variation of (1,399) to validate the risk estimate we provide. The bond owns a Beta (Systematic Risk) of -0.0662, 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
0.52
Modest predictability
HUBBELL INC 35 has modest predictability. Overlapping area represents the amount of predictability between HUBBELL time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 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 HUBBELL INC 35 price movement. The serial correlation of 0.52 indicates that about 52.0% of current HUBBELL price fluctuation can be explain by its past prices.
Correlation Coefficient
0.52
Spearman Rank Test
0.59
Residual Average
0.0
Price Variance
0.17
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.
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.