Hecla Mining Stock Market Value
| HL Stock | USD 5.24 0.18 3.56% |
| Symbol | Hecla |
Hecla Mining Price To Book Ratio
Is Hecla Mining's industry 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 Hecla Mining. If investors know Hecla 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 Hecla Mining 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 (0.81) | Dividend Share 0.025 | Earnings Share (0.14) | Revenue Per Share 1.189 | Quarterly Revenue Growth (0.17) |
The market value of Hecla Mining is measured differently than its book value, which is the value of Hecla that is recorded on the company's balance sheet. Investors also form their own opinion of Hecla Mining's value that differs from its market value or its book value, called intrinsic value, which is Hecla Mining'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 Hecla Mining's market value can be influenced by many factors that don't directly affect Hecla Mining'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 Hecla Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hecla Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hecla Mining'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.
Hecla Mining '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 Hecla Mining'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 Hecla Mining.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Hecla Mining on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hecla Mining or generate 0.0% return on investment in Hecla Mining over 30 days. Hecla Mining is related to or competes with SilverCrest Metals, McEwen Mining, Metalla Royalty, Endeavour Silver, New Pacific, Gatos Silver, and Platinum Group. Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base meta... More
Hecla Mining 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 Hecla Mining'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 Hecla Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.32 | |||
| Information Ratio | 0.109 | |||
| Maximum Drawdown | 13.26 | |||
| Value At Risk | (4.48) | |||
| Potential Upside | 6.15 |
Hecla Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hecla Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hecla Mining's standard deviation. In reality, there are many statistical measures that can use Hecla Mining historical prices to predict the future Hecla Mining's volatility.| Risk Adjusted Performance | 0.0936 | |||
| Jensen Alpha | 0.2122 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.112 | |||
| Treynor Ratio | 0.1593 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hecla Mining'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.
Hecla Mining Backtested Returns
Hecla Mining appears to be slightly risky, given 3 months investment horizon. Hecla Mining holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By evaluating Hecla Mining's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Hecla Mining's Market Risk Adjusted Performance of 0.1693, downside deviation of 3.32, and Risk Adjusted Performance of 0.0936 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hecla Mining holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 2.87, 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, Hecla Mining will likely underperform. Please check Hecla Mining's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Hecla Mining's current trending patterns will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
Hecla Mining has excellent reverse predictability. Overlapping area represents the amount of predictability between Hecla Mining time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Hecla Mining price movement. The serial correlation of -0.82 indicates that around 82.0% of current Hecla Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Hecla Mining lagged returns against current returns
Autocorrelation, which is Hecla Mining 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 Hecla Mining's stock expected returns. We can calculate the autocorrelation of Hecla Mining returns to help us make a trade decision. For example, suppose you find that Hecla Mining 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 |
Hecla Mining 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 Hecla Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hecla Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hecla Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Hecla Mining Lagged Returns
When evaluating Hecla Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hecla Mining stock have on its future price. Hecla Mining 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, Hecla Mining autocorrelation shows the relationship between Hecla Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Hecla Mining.
Regressed Prices |
| Timeline |
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When running Hecla Mining's price analysis, check to measure Hecla Mining'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 Hecla Mining is operating at the current time. Most of Hecla Mining's value examination focuses on studying past and present price action to predict the probability of Hecla Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hecla Mining's price. Additionally, you may evaluate how the addition of Hecla Mining to your portfolios can decrease your overall portfolio volatility.
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Hecla Mining 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.