Hecla Mining Stock Market Value
| HL Stock | USD 5.42 0.10 1.81% |
| Symbol | Hecla |
Hecla Mining Price To Book Ratio
Is 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 Hecla Mining. If investors know Hecla 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 Hecla Mining 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 (0.81) | Dividend Share 0.04 | Earnings Share (0.03) | Revenue Per Share 1.364 | Quarterly Revenue Growth 0.347 |
The market value of Hecla Mining is measured differently than its book value, which is the value of Hecla that is recorded on the company's balance sheet. Investors also form their own opinion of Hecla Mining's value that differs from its market value or its book value, called intrinsic value, which is Hecla Mining's 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 Hecla Mining's market value can be influenced by many factors that don't directly affect Hecla Mining's 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 Hecla Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hecla Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hecla Mining's 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.
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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Hecla Mining on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hecla Mining or generate 0.0% return on investment in Hecla Mining over 30 days. Hecla Mining is related to or competes with SilverCrest Metals, McEwen Mining, Avino Silver, Metalla Royalty, Endeavour Silver, New Pacific, and Gatos Silver. Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base meta... 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 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.22 | |||
| Value At Risk | (4.83) | |||
| Potential Upside | 5.92 |
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 | (0.01) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.08) |
Hecla Mining Backtested Returns
Hecla Mining holds Efficiency (Sharpe) Ratio of -0.0407, which attests that the entity had a -0.0407% return per unit of risk over the last 3 months. Hecla Mining exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hecla Mining's Market Risk Adjusted Performance of (0.07), standard deviation of 3.26, and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.93, which attests to possible diversification benefits within a given portfolio. Hecla Mining returns are very sensitive to returns on the market. As the market goes up or down, Hecla Mining is expected to follow. At this point, Hecla Mining has a negative expected return of -0.13%. Please make sure to check out Hecla Mining's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if Hecla Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Hecla Mining has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hecla Mining time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Hecla Mining price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Hecla Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Hecla Mining Correlation, Hecla Mining Volatility and Hecla Mining Alpha and Beta module to complement your research on Hecla Mining. For more information on how to buy Hecla Stock please use our How to buy in Hecla Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Hecla Mining 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.