Hillgrove Resources (Australia) Market Value
| HGO Stock | 0.05 0 1.82% |
| Symbol | Hillgrove |
Hillgrove Resources '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 Hillgrove Resources' 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 Hillgrove Resources.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Hillgrove Resources on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Hillgrove Resources or generate 0.0% return on investment in Hillgrove Resources over 30 days. Hillgrove Resources is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Perseus Mining, and De Grey. Hillgrove Resources is entity of Australia More
Hillgrove Resources 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 Hillgrove Resources' 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 Hillgrove Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 18.56 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 5.6 |
Hillgrove Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hillgrove Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hillgrove Resources' standard deviation. In reality, there are many statistical measures that can use Hillgrove Resources historical prices to predict the future Hillgrove Resources' volatility.| Risk Adjusted Performance | 0.0263 | |||
| Jensen Alpha | 0.0048 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1371 |
Hillgrove Resources Backtested Returns
Currently, Hillgrove Resources is out of control. Hillgrove Resources holds Efficiency (Sharpe) Ratio of 0.0246, which attests that the entity had a 0.0246% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hillgrove Resources, which you can use to evaluate the volatility of the firm. Please check out Hillgrove Resources' Downside Deviation of 3.17, market risk adjusted performance of 0.1471, and Risk Adjusted Performance of 0.0263 to validate if the risk estimate we provide is consistent with the expected return of 0.0807%. Hillgrove Resources has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hillgrove Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hillgrove Resources is expected to be smaller as well. Hillgrove Resources right now retains a risk of 3.28%. Please check out Hillgrove Resources standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Hillgrove Resources will be following its current trending patterns.
Auto-correlation | 0.47 |
Average predictability
Hillgrove Resources has average predictability. Overlapping area represents the amount of predictability between Hillgrove Resources time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Hillgrove Resources price movement. The serial correlation of 0.47 indicates that about 47.0% of current Hillgrove Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hillgrove Resources lagged returns against current returns
Autocorrelation, which is Hillgrove Resources 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 Hillgrove Resources' stock expected returns. We can calculate the autocorrelation of Hillgrove Resources returns to help us make a trade decision. For example, suppose you find that Hillgrove Resources 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 |
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Hillgrove Resources 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 Hillgrove Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hillgrove Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hillgrove Resources stock over time.
Current vs Lagged Prices |
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Hillgrove Resources Lagged Returns
When evaluating Hillgrove Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hillgrove Resources stock have on its future price. Hillgrove Resources 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, Hillgrove Resources autocorrelation shows the relationship between Hillgrove Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Hillgrove Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hillgrove Stock Analysis
When running Hillgrove Resources' price analysis, check to measure Hillgrove Resources' 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 Hillgrove Resources is operating at the current time. Most of Hillgrove Resources' value examination focuses on studying past and present price action to predict the probability of Hillgrove Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hillgrove Resources' price. Additionally, you may evaluate how the addition of Hillgrove Resources to your portfolios can decrease your overall portfolio volatility.