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What does a new Hecla Mining volatility pull down mean for stakeholders?
 | By Rifka Kats | Macroaxis Story |
It appears without question that Hecla Mining may not have a good chance to recover from the new pull down as its shares fell again. Hecla Mining's current daily volatility is 4.21 percent, with a beta of -0.24 and an alpha of -0.17 over DOW. As many millenniums are trying to avoid the new volatility, we are going to summarize Hecla Mining a little further to understand its historical price patterns. We will evaluate why recent Hecla Mining price moves suggest a bounce in December.
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Reviewed by Michael Smolkin
Hecla Mining reports roughly 75.92 M in cash with 154.61 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. We provide advice to complement the regular expert consensus on Hecla Mining. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hecla Mining. Your research has to be compared to or analyzed against Hecla Mining's peers to derive any actionable benefits. When done correctly, Hecla Mining's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hecla Mining.
Investing in Hecla Mining, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Hecla Mining along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.
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.
How important is Hecla Mining's Liquidity
Hecla Mining financial leverage refers to using borrowed capital as a funding source to finance Hecla Mining ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Hecla Mining financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Hecla Mining's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Hecla Mining's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Hecla Mining's total debt and its cash.
Hecla Mining Gross Profit
Hecla Mining Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Hecla Mining previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Hecla Mining Gross Profit growth over the last 10 years. Please check Hecla Mining's gross profit and other fundamental indicators for more details.
Hecla Mining Correlation with Peers
Investors in Hecla can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Hecla Mining. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Hecla Mining and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Hecla is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Hecla for more details
An Additional Perspective On Hecla Mining
Hecla Mining holds Efficiency (Sharpe) Ratio of -0.0099, which attests that the entity had -0.0099% of return per unit of risk over the last month. Macroaxis standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Hecla Mining exposes twenty-eight 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 0.7564, and Risk Adjusted Performance of (0.03758) to validate the risk estimate we provide.
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