Hudbay Minerals Stock Alpha and Beta Analysis
| HBM Stock | CAD 12.24 0.38 3.01% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as HudBay Minerals. It also helps investors analyze the systematic and unsystematic risks associated with investing in HudBay Minerals over a specified time horizon. Remember, high HudBay Minerals' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to HudBay Minerals' market risk premium analysis include:
Beta (0.52) | Alpha 0.34 | Risk 3.06 | Sharpe Ratio 0.0935 | Expected Return 0.29 |
HudBay Minerals Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
HudBay |
HudBay Minerals Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. HudBay Minerals market risk premium is the additional return an investor will receive from holding HudBay Minerals long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in HudBay Minerals. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate HudBay Minerals' performance over market.| α | 0.34 | β | -0.52 |
HudBay Minerals expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of HudBay Minerals' Buy-and-hold return. Our buy-and-hold chart shows how HudBay Minerals performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.HudBay Minerals Market Price Analysis
Market price analysis indicators help investors to evaluate how HudBay Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading HudBay Minerals shares will generate the highest return on investment. By understating and applying HudBay Minerals stock market price indicators, traders can identify HudBay Minerals position entry and exit signals to maximize returns.
HudBay Minerals Return and Market Media
The median price of HudBay Minerals for the period between Thu, Aug 29, 2024 and Wed, Nov 27, 2024 is 12.45 with a coefficient of variation of 10.43. The daily time series for the period is distributed with a sample standard deviation of 1.24, arithmetic mean of 11.86, and mean deviation of 1.06. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Ex-Dividend Reminder Hudbay Minerals, Ball and Corteva - Nasdaq | 08/30/2024 |
2 | Hudbay Minerals Inc. Stock Holdings Lifted by CIBC Asset Management Inc - MarketBeat | 09/05/2024 |
| HudBay Minerals dividend paid on 20th of September 2024 | 09/20/2024 |
3 | Q3 2024 EPS Estimates for Hudbay Minerals Inc. Boosted by Raymond James - MarketBeat | 09/25/2024 |
4 | Jennison Associates LLC Has 30.34 Million Stock Holdings in Hudbay Minerals Inc. - MarketBeat | 11/22/2024 |
About HudBay Minerals Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including HudBay or other stocks. Alpha measures the amount that position in HudBay Minerals has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.002168 | 0.002928 | 0.002601 | 0.002471 | Price To Sales Ratio | 1.26 | 0.91 | 1.0 | 0.95 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards HudBay Minerals in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, HudBay Minerals' short interest history, or implied volatility extrapolated from HudBay Minerals options trading.
Build Portfolio with HudBay Minerals
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Align your risk with return expectations
Check out HudBay Minerals Backtesting, HudBay Minerals Valuation, HudBay Minerals Correlation, HudBay Minerals Hype Analysis, HudBay Minerals Volatility, HudBay Minerals History and analyze HudBay Minerals Performance. To learn how to invest in HudBay Stock, please use our How to Invest in HudBay Minerals guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
HudBay Minerals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.