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.
|15 days auto-correlation|| 0.64 |
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|