Hecla Mining Backtesting

Hecla Mining Company -- USA Stock  

USD 4.41  0.05  1.15%

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

December 18, 2017
0.00
No Change 0.00  0.0%
In 30 days
January 17, 2018
0.00
If you would invest  0.00  in Hecla Mining on December 18, 2017 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, and Emerge Energy. Hecla Mining Co offers unrefined gold and silver bullion bars to precious metals traders and lead, zinc, and bulk concen...

Hecla Mining Upside/Downside Indicators

  

Hecla Mining Market Premium Indicators

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 Backtested Returns

Macroaxis considers Hecla Mining unusually risky given 1 month investment horizon. Hecla Mining holds Efficiency (Sharpe) Ratio of 0.213 which attests that Hecla Mining had 0.213% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. By evaluating Hecla Mining technical indicators you can presently evaluate if the expected return of 0.6136% is justified by implied risk. Please utilize Hecla Mining Downside Deviation of 2.25, Market Risk Adjusted Performance of (0.17) and Risk Adjusted Performance of 0.1035 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Hecla Mining holds performance score of 14. The company retains Market Volatility (i.e. Beta) of -3.6238 which attests that as returns on market increase, returns on owning Hecla Mining are expected to decrease by larger amounts. On the other hand, during market turmoil, Hecla Mining is expected to significantly outperform it.. Although it is vital to follow to Hecla Mining current price history, it is good to be conservative about what you can actually do with the information regarding equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-one technical indicators for Hecla Mining which you can use to evaluate performance of the corporation. Please utilizes Hecla Mining Jensen Alpha, and the relationship between Coefficient Of Variation and Potential Upside to make a quick decision on weather Hecla Mining Company current trending patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.13 

Insignificant predictability

Hecla Mining Company has insignificant predictability. Overlapping area represents the amount of predictability between Hecla Mining time series from December 18, 2017 to January 2, 2018 and January 2, 2018 to January 17, 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 0.13 indicates that less than 13.0% of current Hecla Mining price fluctuation can be explain by its past prices.
Correlation Coefficient 0.13
Spearman Rank Test 0.05
Price Variance 0.03
Lagged Price Variance 0.01

Hecla Mining Lagged Returns

 Regressed Prices 
      Timeline 

Hecla Mining Performance vs DOW

The median price of Hecla Mining for the period between Mon, Dec 18, 2017 and Wed, Jan 17, 2018 is 4.04 with a coefficient of variation of 4.5. The daily time series for the period is distributed with a sample standard deviation of 0.18, arithmetic mean of 4.07, and mean deviation of 0.14. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
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