Hycroft Mining Holding Stock Market Value
| HYMC Stock | USD 3.74 0.12 3.11% |
| Symbol | Hycroft |
Hycroft Mining Holding Price To Book Ratio
Is Hycroft 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 Hycroft Mining. If investors know Hycroft 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 Hycroft Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.61) | Revenue Per Share 0.571 | Quarterly Revenue Growth (0.52) | Return On Assets (0.13) | Return On Equity (1.45) |
The market value of Hycroft Mining Holding is measured differently than its book value, which is the value of Hycroft that is recorded on the company's balance sheet. Investors also form their own opinion of Hycroft Mining's value that differs from its market value or its book value, called intrinsic value, which is Hycroft 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 Hycroft Mining's market value can be influenced by many factors that don't directly affect Hycroft 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 Hycroft Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hycroft Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hycroft 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.
Hycroft 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 Hycroft 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 Hycroft Mining.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Hycroft Mining on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Hycroft Mining Holding or generate 0.0% return on investment in Hycroft Mining over 30 days. Hycroft Mining is related to or competes with Royal Gold, and SSR Mining. Hycroft Mining Holding Corporation, together with its subsidiaries, operates as a gold and silver development company in... More
Hycroft 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 Hycroft 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 Hycroft Mining Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.81 | |||
| Information Ratio | 0.1584 | |||
| Maximum Drawdown | 35.61 | |||
| Value At Risk | (5.22) | |||
| Potential Upside | 13.71 |
Hycroft Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hycroft Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hycroft Mining's standard deviation. In reality, there are many statistical measures that can use Hycroft Mining historical prices to predict the future Hycroft Mining's volatility.| Risk Adjusted Performance | 0.1169 | |||
| Jensen Alpha | 1.01 | |||
| Total Risk Alpha | 0.2273 | |||
| Sortino Ratio | 0.2733 | |||
| Treynor Ratio | 0.8059 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hycroft 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.
Hycroft Mining Holding Backtested Returns
Hycroft Mining is very risky given 3 months investment horizon. Hycroft Mining Holding holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have collected data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Hycroft Mining Holding Market Risk Adjusted Performance of 0.8159, risk adjusted performance of 0.1169, and Downside Deviation of 3.81 to evaluate company specific risk that cannot be diversified away. Hycroft Mining holds a performance score of 13 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.4, 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, Hycroft Mining will likely underperform. Use Hycroft Mining Holding potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to analyze future returns on Hycroft Mining Holding.
Auto-correlation | -0.04 |
Very weak reverse predictability
Hycroft Mining Holding has very weak reverse predictability. Overlapping area represents the amount of predictability between Hycroft Mining time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Hycroft Mining Holding price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Hycroft Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Hycroft Mining Holding lagged returns against current returns
Autocorrelation, which is Hycroft 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 Hycroft Mining's stock expected returns. We can calculate the autocorrelation of Hycroft Mining returns to help us make a trade decision. For example, suppose you find that Hycroft 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 |
Hycroft 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 Hycroft Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hycroft Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hycroft Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Hycroft Mining Lagged Returns
When evaluating Hycroft Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hycroft Mining stock have on its future price. Hycroft 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, Hycroft Mining autocorrelation shows the relationship between Hycroft Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Hycroft Mining Holding.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hycroft Mining in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hycroft Mining's short interest history, or implied volatility extrapolated from Hycroft Mining options trading.
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Complementary Tools for Hycroft Stock analysis
When running Hycroft Mining's price analysis, check to measure Hycroft 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 Hycroft Mining is operating at the current time. Most of Hycroft Mining's value examination focuses on studying past and present price action to predict the probability of Hycroft 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 Hycroft Mining's price. Additionally, you may evaluate how the addition of Hycroft Mining to your portfolios can decrease your overall portfolio volatility.
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Hycroft 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.