Hycroft Mining Correlations

HYMC Stock

USD 2.39 0.06 2.45%

The correlation of Hycroft Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Hycroft Mining Correlation With Market

Modest diversification

The correlation between Hycroft Mining Holding and DJI is 0.23 (i.e., Modest 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hycroft Mining Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Hycroft Stock

0.66	BTG	B2Gold Corp Aggressive Push	Pair Corr
0.86	CDE	Coeur Mining	Pair Corr
0.66	GFI	Gold Fields	Pair Corr
0.62	HMY	Harmony Gold Mining	Pair Corr
0.63	IAG	IAMGold	Pair Corr
0.64	KGC	Kinross Gold Aggressive Push	Pair Corr
0.71	PAAS	Pan American Silver	Pair Corr
0.73	AG	First Majestic Silver	Pair Corr
0.64	EU	enCore Energy Corp	Pair Corr
0.73	HL	Hecla Mining	Pair Corr

Related Correlations Analysis

	AEM	BTG	PAAS	GFI	IAG	NGD	EGO	KGC	HMY
AEM		0.72	0.78	0.78	0.76	0.57	0.61	0.78	0.86	AEM
BTG	0.72		0.67	0.82	0.61	0.77	0.59	0.72	0.76	BTG
PAAS	0.78	0.67		0.86	0.68	0.49	0.38	0.93	0.76	PAAS
GFI	0.78	0.82	0.86		0.63	0.59	0.59	0.84	0.9	GFI
IAG	0.76	0.61	0.68	0.63		0.47	0.36	0.59	0.68	IAG
NGD	0.57	0.77	0.49	0.59	0.47		0.68	0.61	0.59	NGD
EGO	0.61	0.59	0.38	0.59	0.36	0.68		0.41	0.75	EGO
KGC	0.78	0.72	0.93	0.84	0.59	0.61	0.41		0.72	KGC
HMY	0.86	0.76	0.76	0.9	0.68	0.59	0.75	0.72		HMY
	AEM	BTG	PAAS	GFI	IAG	NGD	EGO	KGC	HMY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
AEM	1.35	0.04	(0.04)	(0.29)	1.77	(1.53)	3.08	(2.69)	11.67
BTG	2.09	0.04	(0.02)	(2.40)	2.26	(2.51)	3.90	(4.09)	17.88
PAAS	2.20	0.07	0.01	0.21	2.29	(2.56)	6.05	(4.04)	14.73
GFI	2.19	(0.09)	0.00	1.03	0.00	0.00	4.52	(5.41)	14.93
IAG	2.56	0.17	0.02	3.21	3.08	(2.91)	6.95	(4.26)	25.09
NGD	2.38	0.06	0.01	0.18	2.74	(2.69)	5.53	(4.50)	17.13
EGO	1.86	(0.14)	0.00	(0.20)	0.00	0.00	3.39	(4.76)	12.12
KGC	1.98	0.13	0.02	0.54	2.63	(2.09)	5.41	(3.82)	18.27
HMY	2.69	(0.20)	0.00	(0.52)	0.00	0.00	7.63	(5.89)	17.74

Hycroft Mining Corporate Management

Rebecca Jennings	General VP	Profile
CPA CPA	Ex CFO	Profile
David Thomas	Senior GM	Profile
David Stone	Co Sec	Profile
Ashlie Thorburn	VP Controller	Profile
Fiona Leydier	Vice Relations	Profile
Alex Davidson	Vice Exploration	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC