Hive Blockchain Technologies Stock Market Value
| HIVE Stock | CAD 5.74 0.10 1.77% |
| Symbol | HIVE |
HIVE Blockchain Tech Price To Book Ratio
HIVE Blockchain '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 HIVE Blockchain'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 HIVE Blockchain.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in HIVE Blockchain on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding HIVE Blockchain Technologies or generate 0.0% return on investment in HIVE Blockchain over 30 days. HIVE Blockchain is related to or competes with Hut 8, Dmg Blockchain, Drone Delivery, and Galaxy Digital. HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland More
HIVE Blockchain 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 HIVE Blockchain'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 HIVE Blockchain Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.62 | |||
| Information Ratio | 0.0885 | |||
| Maximum Drawdown | 28.33 | |||
| Value At Risk | (8.22) | |||
| Potential Upside | 12.06 |
HIVE Blockchain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HIVE Blockchain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HIVE Blockchain's standard deviation. In reality, there are many statistical measures that can use HIVE Blockchain historical prices to predict the future HIVE Blockchain's volatility.| Risk Adjusted Performance | 0.0901 | |||
| Jensen Alpha | 0.4537 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0947 | |||
| Treynor Ratio | 0.3533 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HIVE Blockchain'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.
HIVE Blockchain Tech Backtested Returns
HIVE Blockchain appears to be risky, given 3 months investment horizon. HIVE Blockchain Tech holds Efficiency (Sharpe) Ratio of 0.0772, which attests that the entity had a 0.0772% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for HIVE Blockchain Tech, which you can use to evaluate the volatility of the firm. Please utilize HIVE Blockchain's market risk adjusted performance of 0.3633, and Risk Adjusted Performance of 0.0901 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HIVE Blockchain holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 1.79, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HIVE Blockchain will likely underperform. Please check HIVE Blockchain's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether HIVE Blockchain's current trending patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
HIVE Blockchain Technologies has very weak reverse predictability. Overlapping area represents the amount of predictability between HIVE Blockchain time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 HIVE Blockchain Tech price movement. The serial correlation of -0.09 indicates that less than 9.0% of current HIVE Blockchain price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
HIVE Blockchain Tech lagged returns against current returns
Autocorrelation, which is HIVE Blockchain 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 HIVE Blockchain's stock expected returns. We can calculate the autocorrelation of HIVE Blockchain returns to help us make a trade decision. For example, suppose you find that HIVE Blockchain 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 |
HIVE Blockchain 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 HIVE Blockchain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HIVE Blockchain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HIVE Blockchain stock over time.
Current vs Lagged Prices |
| Timeline |
HIVE Blockchain Lagged Returns
When evaluating HIVE Blockchain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HIVE Blockchain stock have on its future price. HIVE Blockchain 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, HIVE Blockchain autocorrelation shows the relationship between HIVE Blockchain stock current value and its past values and can show if there is a momentum factor associated with investing in HIVE Blockchain Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for HIVE Stock Analysis
When running HIVE Blockchain's price analysis, check to measure HIVE Blockchain'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 HIVE Blockchain is operating at the current time. Most of HIVE Blockchain's value examination focuses on studying past and present price action to predict the probability of HIVE Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HIVE Blockchain's price. Additionally, you may evaluate how the addition of HIVE Blockchain to your portfolios can decrease your overall portfolio volatility.