Hycroft Competitors
| HYMCLDelisted Stock | USD 0 0 33.33% |
Hycroft Mining Correlation With Market
Excellent diversification
The correlation between Hycroft Mining Holding and DJI is -0.52 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hycroft Mining Holding and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Hycroft Stock
Moving against Hycroft Stock
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hycroft Mining'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.
Hycroft Mining Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Hycroft Mining and its competitors represents the degree of relationship between the price movements of corresponding delisted stocks. A correlation of about +1.0 implies that the price of Hycroft and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Hycroft Mining Holding does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Hycroft Stock performing well and Hycroft Mining Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Hycroft Mining's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.51 | 0.04 | 0.02 | 0.14 | 1.52 | 3.43 | 13.69 | |||
| MSFT | 1.31 | (0.38) | 0.00 | (0.81) | 0.00 | 1.90 | 13.28 | |||
| UBER | 1.61 | (0.41) | 0.00 | (0.51) | 0.00 | 2.46 | 11.09 | |||
| F | 1.28 | 0.06 | 0.05 | 0.15 | 1.17 | 3.61 | 7.50 | |||
| T | 1.03 | 0.18 | 0.07 | (1.54) | 0.92 | 3.87 | 7.44 | |||
| A | 1.26 | (0.32) | 0.00 | (0.19) | 0.00 | 2.90 | 7.85 | |||
| CRM | 1.74 | (0.43) | 0.00 | (0.29) | 0.00 | 3.22 | 12.37 | |||
| JPM | 1.24 | (0.15) | (0.05) | 0.00 | 1.80 | 2.34 | 8.17 | |||
| MRK | 1.23 | 0.33 | 0.22 | 0.56 | 0.99 | 2.81 | 8.74 | |||
| XOM | 1.31 | 0.35 | 0.18 | 3.10 | 1.14 | 2.90 | 6.83 |
Hycroft Mining Competitive Analysis
The better you understand Hycroft Mining competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Hycroft Mining's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Hycroft Mining's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Hycroft Mining Competition Performance Charts
Five steps to successful analysis of Hycroft Mining Competition
Hycroft Mining's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Hycroft Mining Holding in relation to its competition. Hycroft Mining's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Hycroft Mining in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Hycroft Mining's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Hycroft Mining Holding, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Hycroft Mining position
In addition to having Hycroft Mining in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Cash Cows
Entities with stable and reliable earnings or profits, which allows them to pay consistent dividends to their shareholders. The Cash Cows theme has 25 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cash Cows Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Other Consideration for investing in Hycroft Stock
If you are still planning to invest in Hycroft Mining Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Hycroft Mining's history and understand the potential risks before investing.
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