Hecla Mining Backtesting

HL -- USA Stock  

USD 3.49  0.03  0.87%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Hecla Mining Company and determine expected loss or profit from investing in Hecla Mining over given investment horizon. Please also check Hecla Mining Hype Analysis, Hecla Mining Correlation, Hecla Mining Valuation, Hecla Mining Volatility as well as analyze Hecla Mining Alpha and Beta and Hecla Mining Performance.
 Time Horizon     30 Days    Login   to change
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Backtest

Hecla Mining 'What if' Analysis

June 15, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 15, 2018
0.00
If you would invest  0.00  in Hecla Mining on June 15, 2018 and sell it all today you would earn a total of 0.00 from holding Hecla Mining Company or generate 0.0% return on investment in Hecla Mining over 30 days. Hecla Mining is related to or competes with Vale S, Dynaresource, Emerge Energy, Almaden Minerals, and Asanko Gold. Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base meta...

Hecla Mining Upside/Downside Indicators

Information Ratio0.29
Maximum Drawdown8.38
Value At Risk4.39
Potential Upside2.47
  

Hecla Mining Market Premium Indicators

Risk Adjusted Performance0.13
Jensen Alpha0.68
Total Risk Alpha0.90
Treynor Ratio0.37

Hecla Mining Backtested Returns

Macroaxis considers Hecla Mining to be risky. Hecla Mining holds Efficiency (Sharpe) Ratio of -0.2114 which attests that Hecla Mining had -0.2114% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Hecla Mining exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Hecla Mining Market Risk Adjusted Performance of 0.36 and Risk Adjusted Performance of 0.13 to validate risk estimate we provide. Macroaxis gives Hecla Mining performance score of 0 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of 1.4783 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Hecla Mining will likely underperform.. Even though it is essential to pay attention to Hecla Mining current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Hecla Mining exposes twenty-one different technical indicators which can help you to evaluate its performance. Hecla Mining has expected return of -0.471%. Please be advised to check out Hecla Mining Jensen Alpha, and the relationship between Coefficient Of Variation and Potential Upside to decide if Hecla Mining past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.64 

Good predictability

Hecla Mining Company has good predictability. Overlapping area represents the amount of predictability between Hecla Mining time series from June 15, 2018 to June 30, 2018 and June 30, 2018 to July 15, 2018. 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 0.64 indicates that roughly 64.0% of current Hecla Mining price fluctuation can be explain by its past prices.
Correlation Coefficient 0.64
Spearman Rank Test 0.42
Price Variance 0.01
Lagged Price Variance 0.02

Hecla Mining lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Hecla Mining regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Hecla Mining Lagged Returns

 Regressed Prices 
      Timeline 

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Please also check Hecla Mining Hype Analysis, Hecla Mining Correlation, Hecla Mining Valuation, Hecla Mining Volatility as well as analyze Hecla Mining Alpha and Beta and Hecla Mining Performance. Please also try Headlines Timeline module to stay connected to all market stories and filter out noise. drill down to analyze hype elasticity.