Hut 8 Corp Stock Market Value
| HUT Stock | USD 25.92 2.44 10.39% |
| Symbol | Hut |
Hut 8 Corp Price To Book Ratio
Is Financial Exchanges & Data 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 Hut 8. If investors know Hut 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 Hut 8 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 5.564 | Earnings Share (0.78) | Revenue Per Share 2.303 | Quarterly Revenue Growth 0.715 | Return On Assets (0.04) |
The market value of Hut 8 Corp is measured differently than its book value, which is the value of Hut that is recorded on the company's balance sheet. Investors also form their own opinion of Hut 8's value that differs from its market value or its book value, called intrinsic value, which is Hut 8'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 Hut 8's market value can be influenced by many factors that don't directly affect Hut 8'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 Hut 8's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hut 8 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hut 8'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.
Hut 8 '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 Hut 8'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 Hut 8.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Hut 8 on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Hut 8 Corp or generate 0.0% return on investment in Hut 8 over 270 days. Hut 8 is related to or competes with HIVE Blockchain, CleanSpark, Bit Digital, Terawulf, Bitfarms, Riot Blockchain, and Marathon Digital. Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America More
Hut 8 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 Hut 8'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 Hut 8 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.12 | |||
| Information Ratio | 0.2044 | |||
| Maximum Drawdown | 32.14 | |||
| Value At Risk | (6.95) | |||
| Potential Upside | 11.05 |
Hut 8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hut 8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hut 8's standard deviation. In reality, there are many statistical measures that can use Hut 8 historical prices to predict the future Hut 8's volatility.| Risk Adjusted Performance | 0.1813 | |||
| Jensen Alpha | 0.9306 | |||
| Total Risk Alpha | 0.4211 | |||
| Sortino Ratio | 0.2554 | |||
| Treynor Ratio | 0.3464 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hut 8'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.
Hut 8 Corp Backtested Returns
Hut 8 is relatively risky given 3 months investment horizon. Hut 8 Corp holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. We are able to break down and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.5% are justified by taking the suggested risk. Use Hut 8 Corp Market Risk Adjusted Performance of 0.3564, downside deviation of 5.12, and Risk Adjusted Performance of 0.1813 to evaluate company specific risk that cannot be diversified away. Hut 8 holds a performance score of 18 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 4.12, 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, Hut 8 will likely underperform. Use Hut 8 Corp downside variance, as well as the relationship between the daily balance of power and period momentum indicator , to analyze future returns on Hut 8 Corp.
Auto-correlation | 0.74 |
Good predictability
Hut 8 Corp has good predictability. Overlapping area represents the amount of predictability between Hut 8 time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 Hut 8 Corp price movement. The serial correlation of 0.74 indicates that around 74.0% of current Hut 8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 20.22 |
Hut 8 Corp lagged returns against current returns
Autocorrelation, which is Hut 8 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 Hut 8's stock expected returns. We can calculate the autocorrelation of Hut 8 returns to help us make a trade decision. For example, suppose you find that Hut 8 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 |
Hut 8 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 Hut 8 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hut 8 stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hut 8 stock over time.
Current vs Lagged Prices |
| Timeline |
Hut 8 Lagged Returns
When evaluating Hut 8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hut 8 stock have on its future price. Hut 8 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, Hut 8 autocorrelation shows the relationship between Hut 8 stock current value and its past values and can show if there is a momentum factor associated with investing in Hut 8 Corp.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hut Stock Analysis
When running Hut 8's price analysis, check to measure Hut 8'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 Hut 8 is operating at the current time. Most of Hut 8's value examination focuses on studying past and present price action to predict the probability of Hut 8's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hut 8's price. Additionally, you may evaluate how the addition of Hut 8 to your portfolios can decrease your overall portfolio volatility.