HUT 8 (Germany) Performance
| V71 Stock | 23.80 0.10 0.42% |
HUT 8 holds a performance score of 21 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 2.27, 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 P treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to analyze future returns on HUT 8 P.
Risk-Adjusted Performance
21 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in HUT 8 P are ranked lower than 21 (%) of all global equities and portfolios over the last 90 days. Despite nearly uncertain basic indicators, HUT 8 reported solid returns over the last few months and may actually be approaching a breakup point. ...more
HUT |
HUT 8 Relative Risk vs. Return Landscape
If you would invest 950.00 in HUT 8 P on August 29, 2024 and sell it today you would earn a total of 1,430 from holding HUT 8 P or generate 150.53% return on investment over 90 days. HUT 8 P is currently producing 1.6126% returns and takes up 6.0109% volatility of returns over 90 trading days. Put another way, 53% of traded stocks are less volatile than HUT, and 68% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
HUT 8 Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for HUT 8's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as HUT 8 P, and traders can use it to determine the average amount a HUT 8'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 = 0.2683
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | V71 | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 6.01 actual daily | 53 53% of assets are less volatile |
Expected Return
| 1.61 actual daily | 32 68% of assets have higher returns |
Risk-Adjusted Return
| 0.27 actual daily | 21 79% of assets perform better |
Based on monthly moving average HUT 8 is performing at about 21% of its full potential. 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 HUT 8 by adding it to a well-diversified portfolio.
Things to note about HUT 8 P performance evaluation
Checking the ongoing alerts about HUT 8 for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for HUT 8 P help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| HUT 8 P is way too risky over 90 days horizon | |
| HUT 8 P appears to be risky and price may revert if volatility continues |
- Analyzing HUT 8'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 HUT 8's stock is overvalued or undervalued compared to its peers.
- Examining HUT 8'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 HUT 8's management team can have a significant impact on its success or failure. Reviewing the track record and experience of HUT 8's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of HUT 8's stock. These opinions can provide insight into HUT 8's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary 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.
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |