Hecla Mining Preferred Stock Market Value
| HL-PB Preferred Stock | USD 55.50 0.50 0.89% |
| 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 preferred 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.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Hecla Mining on October 23, 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 Triple Flag, McEwen Mining, Endeavour Silver, Hecla Mining, SilverCrest Metals, Northern Minerals, and Compania. 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 preferred 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.
| Downside Deviation | 1.5 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.39 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.69 |
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 | 0.0706 | |||
| Jensen Alpha | 0.0398 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.214 |
Hecla Mining Backtested Returns
At this point, Hecla Mining is very steady. Hecla Mining holds Efficiency (Sharpe) Ratio of 0.0902, which attests that the entity had a 0.0902% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hecla Mining, which you can use to evaluate the volatility of the firm. Please check out Hecla Mining's Market Risk Adjusted Performance of 0.224, downside deviation of 1.5, and Risk Adjusted Performance of 0.0706 to validate if the risk estimate we provide is consistent with the expected return of 0.0844%. Hecla Mining has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hecla Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hecla Mining is expected to be smaller as well. Hecla Mining right now retains a risk of 0.94%. Please check out Hecla Mining jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to decide if Hecla Mining will be following its current trending patterns.
Auto-correlation | 0.19 |
Very weak predictability
Hecla Mining has very weak predictability. Overlapping area represents the amount of predictability between Hecla Mining 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 Hecla Mining price movement. The serial correlation of 0.19 indicates that over 19.0% of current Hecla Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Hecla Mining lagged returns against current returns
Autocorrelation, which is Hecla Mining preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hecla Mining preferred 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 preferred 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 preferred 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 preferred 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 |
Also Currently Popular
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.Other Information on Investing in Hecla Preferred Stock
Hecla Mining financial ratios help investors to determine whether Hecla Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hecla with respect to the benefits of owning Hecla Mining security.