Hudbay Minerals Stock Market Value
| HBM Stock | USD 9.12 0.01 0.11% |
| Symbol | Hudbay |
Hudbay Minerals Price To Book Ratio
Is Diversified Metals & Mining 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 Hudbay Minerals. If investors know Hudbay 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 Hudbay Minerals 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 2.185 | Earnings Share 0.24 | Revenue Per Share 5.694 | Quarterly Revenue Growth 0.363 | Return On Assets 0.0478 |
The market value of Hudbay Minerals is measured differently than its book value, which is the value of Hudbay that is recorded on the company's balance sheet. Investors also form their own opinion of Hudbay Minerals' value that differs from its market value or its book value, called intrinsic value, which is Hudbay Minerals' 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 Hudbay Minerals' market value can be influenced by many factors that don't directly affect Hudbay Minerals' 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 Hudbay Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hudbay Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hudbay Minerals' 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.
Hudbay Minerals '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 Hudbay Minerals' 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 Hudbay Minerals.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Hudbay Minerals on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Hudbay Minerals or generate 0.0% return on investment in Hudbay Minerals over 30 days. Hudbay Minerals is related to or competes with Teck Resources, Fortuna Silver, Osisko Gold, Nexa Resources, and HudBay Minerals. Hudbay Minerals Inc., a diversified mining company, together with its subsidiaries, focuses on the discovery, production... More
Hudbay Minerals 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 Hudbay Minerals' 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 Hudbay Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.0449 | |||
| Maximum Drawdown | 15.9 | |||
| Value At Risk | (4.77) | |||
| Potential Upside | 4.23 |
Hudbay Minerals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hudbay Minerals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hudbay Minerals' standard deviation. In reality, there are many statistical measures that can use Hudbay Minerals historical prices to predict the future Hudbay Minerals' volatility.| Risk Adjusted Performance | 0.0683 | |||
| Jensen Alpha | 0.1357 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.045 | |||
| Treynor Ratio | 0.2273 |
Hudbay Minerals Backtested Returns
Hudbay Minerals appears to be slightly risky, given 3 months investment horizon. Hudbay Minerals holds Efficiency (Sharpe) Ratio of 0.0656, which attests that the entity had a 0.0656% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hudbay Minerals, which you can use to evaluate the volatility of the firm. Please utilize Hudbay Minerals' Risk Adjusted Performance of 0.0683, downside deviation of 3.15, and Market Risk Adjusted Performance of 0.2373 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hudbay Minerals holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 1.06, which attests to a somewhat significant risk relative to the market. Hudbay Minerals returns are very sensitive to returns on the market. As the market goes up or down, Hudbay Minerals is expected to follow. Please check Hudbay Minerals' information ratio, downside variance, day median price, as well as the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Hudbay Minerals' current trending patterns will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Hudbay Minerals has virtually no predictability. Overlapping area represents the amount of predictability between Hudbay Minerals time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Hudbay Minerals price movement. The serial correlation of 0.01 indicates that just 1.0% of current Hudbay Minerals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Hudbay Minerals lagged returns against current returns
Autocorrelation, which is Hudbay Minerals 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 Hudbay Minerals' stock expected returns. We can calculate the autocorrelation of Hudbay Minerals returns to help us make a trade decision. For example, suppose you find that Hudbay Minerals 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 |
Hudbay Minerals 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 Hudbay Minerals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hudbay Minerals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hudbay Minerals stock over time.
Current vs Lagged Prices |
| Timeline |
Hudbay Minerals Lagged Returns
When evaluating Hudbay Minerals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hudbay Minerals stock have on its future price. Hudbay Minerals 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, Hudbay Minerals autocorrelation shows the relationship between Hudbay Minerals stock current value and its past values and can show if there is a momentum factor associated with investing in Hudbay Minerals.
Regressed Prices |
| Timeline |
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Hudbay Minerals 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.