Harmony Gold (Argentina) Performance
| HMY Stock | ARS 10,575 25.00 0.24% |
The company retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Harmony Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Harmony Gold is expected to be smaller as well. At this point, Harmony Gold Mining has a negative expected return of -0.3%. Please make sure to check out Harmony Gold's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Harmony Gold Mining performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Harmony Gold Mining has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in December 2024. The current disturbance may also be a sign of long term up-swing for the company investors. ...more
| Begin Period Cash Flow | 2.8 B | |
| Total Cashflows From Investing Activities | -6.2 B |
Harmony |
Harmony Gold Relative Risk vs. Return Landscape
If you would invest 1,335,000 in Harmony Gold Mining on August 23, 2024 and sell it today you would lose (277,500) from holding Harmony Gold Mining or give up 20.79% of portfolio value over 90 days. Harmony Gold Mining is producing return of less than zero assuming 3.7262% volatility of returns over the 90 days investment horizon. Simply put, 33% of all stocks have less volatile historical return distribution than Harmony Gold, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Harmony Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Harmony Gold's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Harmony Gold Mining, and traders can use it to determine the average amount a Harmony Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0809
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| Negative Returns | HMY |
Estimated Market Risk
| 3.73 actual daily | 33 67% of assets are more volatile |
Expected Return
| -0.3 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Harmony Gold is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Harmony Gold by adding Harmony Gold to a well-diversified portfolio.
Harmony Gold Fundamentals Growth
Harmony Stock prices reflect investors' perceptions of the future prospects and financial health of Harmony Gold, and Harmony Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Harmony Stock performance.
| Return On Equity | -0.033 | |||
| Return On Asset | 0.0552 | |||
| Profit Margin | (0.02) % | |||
| Operating Margin | 0.1 % | |||
| Current Valuation | 383.36 B | |||
| Shares Outstanding | 618.03 M | |||
| Price To Book | 2.48 X | |||
| Price To Sales | 15.64 X | |||
| Revenue | 42.65 B | |||
| EBITDA | (340 M) | |||
| Total Debt | 3.18 B | |||
| Book Value Per Share | 48.73 X | |||
| Cash Flow From Operations | 6.92 B | |||
| Earnings Per Share | 22.05 X | |||
| Total Asset | 46.81 B | |||
About Harmony Gold Performance
By analyzing Harmony Gold's fundamental ratios, stakeholders can gain valuable insights into Harmony Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Harmony Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Harmony Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Things to note about Harmony Gold Mining performance evaluation
Checking the ongoing alerts about Harmony Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Harmony Gold Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Harmony Gold Mining generated a negative expected return over the last 90 days | |
| Harmony Gold Mining has high historical volatility and very poor performance | |
| The company reported the revenue of 42.65 B. Net Loss for the year was (1.05 B) with profit before overhead, payroll, taxes, and interest of 9.05 B. |
- Analyzing Harmony Gold's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Harmony Gold's stock is overvalued or undervalued compared to its peers.
- Examining Harmony Gold's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Harmony Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Harmony Gold's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Harmony Gold's stock. These opinions can provide insight into Harmony Gold's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Harmony Stock analysis
When running Harmony Gold's price analysis, check to measure Harmony Gold'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 Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.
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