Harmony Gold Mining Stock Statistic Functions Beta

HMY Stock  USD 11.35  0.45  4.13%   
Harmony Gold statistic functions tool provides the execution environment for running the Beta function and other technical functions against Harmony Gold. Harmony Gold value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Beta function function is designed to identify and follow existing trends. Harmony Gold statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Harmony Gold Mining correlated with the market. If Beta is less than 0 Harmony Gold generally moves in the opposite direction as compared to the market. If Harmony Gold Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Harmony Gold Mining is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Harmony Gold is generally in the same direction as the market. If Beta > 1 Harmony Gold moves generally in the same direction as, but more than the movement of the benchmark.

Harmony Gold Technical Analysis Modules

Most technical analysis of Harmony Gold help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Harmony from various momentum indicators to cycle indicators. When you analyze Harmony charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Harmony Gold Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Harmony Gold Mining. We use our internally-developed statistical techniques to arrive at the intrinsic value of Harmony Gold Mining based on widely used predictive technical indicators. In general, we focus on analyzing Harmony Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Harmony Gold's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Harmony Gold's intrinsic value. In addition to deriving basic predictive indicators for Harmony Gold, we also check how macroeconomic factors affect Harmony Gold price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2022 2023 2024 2025 (projected)
Dividend Yield0.0031460.01380.01590.0174
Price To Sales Ratio0.991.691.951.96
Hype
Prediction
LowEstimatedHigh
8.3111.3414.37
Details
Intrinsic
Valuation
LowRealHigh
7.6210.6513.68
Details
Naive
Forecast
LowNextHigh
8.2911.3214.35
Details
1 Analysts
Consensus
LowTargetHigh
9.7910.7611.94
Details

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Additional 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.