Hecla Mining (UK) Market Value
| 0R0A Stock | 5.81 0.03 0.52% |
| Symbol | Hecla |
Hecla Mining '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 Hecla Mining'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 Hecla Mining.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Hecla Mining on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Hecla Mining Co or generate 0.0% return on investment in Hecla Mining over 360 days. Hecla Mining is related to or competes with Hong Kong, Neometals, Coor Service, Fidelity Sustainable, Surgical Science, Sancus Lending, and SPDR SP. Hecla Mining is entity of United Kingdom More
Hecla Mining 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 Hecla Mining'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 Hecla Mining Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.09 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 16.64 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 6.76 |
Hecla Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hecla Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hecla Mining's standard deviation. In reality, there are many statistical measures that can use Hecla Mining historical prices to predict the future Hecla Mining's volatility.| Risk Adjusted Performance | 0.0318 | |||
| Jensen Alpha | 0.2131 | |||
| Total Risk Alpha | (0.46) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.12) |
Hecla Mining Backtested Returns
Hecla Mining holds Efficiency (Sharpe) Ratio of -0.0362, which attests that the entity had a -0.0362% return per unit of risk over the last 3 months. Hecla Mining exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hecla Mining's Downside Deviation of 3.09, market risk adjusted performance of (0.11), and Risk Adjusted Performance of 0.0318 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.92, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Hecla Mining are expected to decrease slowly. On the other hand, during market turmoil, Hecla Mining is expected to outperform it slightly. At this point, Hecla Mining has a negative expected return of -0.12%. Please make sure to check out Hecla Mining's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Hecla Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Hecla Mining Co has below average predictability. Overlapping area represents the amount of predictability between Hecla Mining time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hecla Mining price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Hecla Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Hecla Mining lagged returns against current returns
Autocorrelation, which is Hecla Mining 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 Hecla Mining's stock expected returns. We can calculate the autocorrelation of Hecla Mining returns to help us make a trade decision. For example, suppose you find that Hecla Mining 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 |
Hecla Mining 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 Hecla Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hecla Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hecla Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Hecla Mining Lagged Returns
When evaluating Hecla Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hecla Mining stock have on its future price. Hecla Mining 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, Hecla Mining autocorrelation shows the relationship between Hecla Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Hecla Mining Co.
Regressed Prices |
| Timeline |
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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.Additional Tools for Hecla Stock Analysis
When running Hecla Mining's price analysis, check to measure Hecla Mining'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 Hecla Mining is operating at the current time. Most of Hecla Mining's value examination focuses on studying past and present price action to predict the probability of Hecla Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hecla Mining's price. Additionally, you may evaluate how the addition of Hecla Mining to your portfolios can decrease your overall portfolio volatility.