Hycroft Mining Correlations

HYMC Stock

USD 3.55 0.14 4.11%

The correlation of Hycroft Mining is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Hycroft Mining Correlation With Market

Significant diversification

The correlation between Hycroft Mining Holding and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hycroft Mining Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hycroft Mining Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Hycroft Stock

0.87	AU	AngloGold Ashanti plc	Pair Corr
0.85	AEM	Agnico Eagle Mines Sell-off Trend	Pair Corr
0.8	BTG	B2Gold Corp	Pair Corr
0.78	EQX	Equinox Gold Corp	Pair Corr
0.87	GFI	Gold Fields	Pair Corr
0.79	KGC	Kinross Gold Aggressive Push	Pair Corr
0.86	NEM	Newmont Goldcorp Corp	Pair Corr
0.88	WPM	Wheaton Precious Metals Sell-off Trend	Pair Corr
0.88	GOLD	Barrick Gold Corp	Pair Corr
0.88	PAAS	Pan American Silver	Pair Corr
0.92	SAND	Sandstorm Gold	Pair Corr
0.74	X	United States Steel	Pair Corr
0.73	AG	First Majestic Silver	Pair Corr
0.72	DC	Dakota Gold Corp	Pair Corr
0.67	HL	Hecla Mining	Pair Corr
0.79	MP	MP Materials Corp	Pair Corr
0.82	MT	ArcelorMittal SA ADR	Pair Corr
0.72	NC	NACCO Industries	Pair Corr
0.79	OR	Osisko Gold Ro	Pair Corr
0.81	TX	Ternium SA ADR	Pair Corr

Moving against Hycroft Stock

0.73	EU	enCore Energy Corp	Pair Corr
0.73	FF	FutureFuel Corp	Pair Corr
0.63	CF	CF Industries Holdings	Pair Corr
0.56	CC	Chemours	Pair Corr
0.47	CE	Celanese	Pair Corr
0.43	AA	Alcoa Corp	Pair Corr
0.41	IE	Ivanhoe Electric	Pair Corr
0.78	ASH	Ashland Global Holdings	Pair Corr
0.74	FMST	Foremost Lithium Resource	Pair Corr
0.73	AMR	Alpha Metallurgical	Pair Corr
0.69	WTTR	Select Energy Services	Pair Corr
0.67	FEAM	5E Advanced Materials	Pair Corr
0.65	ALB	Albemarle Corp Sell-off Trend	Pair Corr
0.64	FBIN	Fortune Brands Innov	Pair Corr
0.63	TT	Trane Technologies plc	Pair Corr
0.62	HYMCW	Hycroft Mining Holding	Pair Corr

Related Correlations Analysis

	AEM	BTG	PAAS	GFI	IAG	NGD	EGO	KGC	HMY
AEM		0.68	0.98	0.99	0.66	0.88	-0.24	0.93	0.94	AEM
BTG	0.68		0.74	0.73	0.2	0.64	0.1	0.54	0.54	BTG
PAAS	0.98	0.74		0.96	0.65	0.88	-0.18	0.91	0.91	PAAS
GFI	0.99	0.73	0.96		0.6	0.86	-0.25	0.89	0.93	GFI
IAG	0.66	0.2	0.65	0.6		0.68	-0.13	0.8	0.79	IAG
NGD	0.88	0.64	0.88	0.86	0.68		0.15	0.92	0.89	NGD
EGO	-0.24	0.1	-0.18	-0.25	-0.13	0.15		-0.11	-0.2	EGO
KGC	0.93	0.54	0.91	0.89	0.8	0.92	-0.11		0.92	KGC
HMY	0.94	0.54	0.91	0.93	0.79	0.89	-0.2	0.92		HMY
	AEM	BTG	PAAS	GFI	IAG	NGD	EGO	KGC	HMY

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GFI	+ 0.99	AEM
PAAS	+ 0.98	AEM
GFI	+ 0.96	PAAS
HMY	+ 0.94	AEM
KGC	+ 0.93	AEM
HMY	+ 0.93	GFI

High negative correlations

EGO	- 0.25	GFI
EGO	- 0.24	AEM
HMY	- 0.2	EGO
EGO	- 0.18	PAAS
EGO	- 0.13	IAG
KGC	- 0.11	EGO

Risk-Adjusted Indicators

There is a big difference between Hycroft Stock performing well and Hycroft Mining Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Hycroft Mining's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AEM	1.41	0.38	0.22	0.74	1.60	(1.62)	3.84	(2.31)	9.76
BTG	2.08	0.31	0.14	4.53	2.31	(2.33)	5.07	(3.11)	13.12
PAAS	2.00	0.29	0.13	0.72	2.26	(2.21)	4.83	(4.14)	11.48
GFI	2.00	0.60	0.31	(35.55)	1.75	(2.36)	4.18	(2.88)	10.30
IAG	2.37	0.22	0.07	(1.06)	3.14	(2.40)	4.83	(5.30)	17.49
NGD	2.45	0.33	0.11	0.68	2.65	(2.85)	5.32	(4.30)	11.96
EGO	2.00	0.02	0.01	0.02	3.48	(1.85)	4.42	(5.33)	16.79
KGC	1.92	0.38	0.13	0.70	2.45	(1.93)	4.85	(4.94)	12.67
HMY	2.25	0.56	0.21	(4.10)	2.32	(2.48)	5.01	(4.36)	13.50

Hycroft Mining Corporate Management

Rebecca Jennings	General VP	Profile
CPA CPA	Ex CFO	Profile
David Thomas	Senior GM	Profile
David Stone	Co Sec	Profile
Ashlie Thorburn	VP Controller	Profile
Fiona Leydier	Vice Relations	Profile
Alex Davidson	Vice Exploration	Profile

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