Hudbay Minerals Stock One Year Return
| HBM Stock | CAD 12.69 0.33 2.67% |
HudBay Minerals fundamentals help investors to digest information that contributes to HudBay Minerals' financial success or failures. It also enables traders to predict the movement of HudBay Stock. The fundamental analysis module provides a way to measure HudBay Minerals' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to HudBay Minerals stock.
HudBay | One Year Return |
HudBay Minerals Company One Year Return Analysis
HudBay Minerals' One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
HudBay One Year Return Driver Correlations
Understanding the fundamental principles of building solid financial models for HudBay Minerals is extremely important. It helps to project a fair market value of HudBay Stock properly, considering its historical fundamentals such as One Year Return. Since HudBay Minerals' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of HudBay Minerals' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of HudBay Minerals' interrelated accounts and indicators.
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Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
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HudBay Return On Tangible Assets
Return On Tangible Assets |
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Based on the recorded statements, HudBay Minerals has an One Year Return of 0.0%. This indicator is about the same for the Metals & Mining average (which is currently at 0.0) sector and about the same as Materials (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
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HudBay Fundamentals
| Return On Equity | 0.0329 | ||||
| Return On Asset | 0.0478 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.10 % | ||||
| Current Valuation | 5.86 B | ||||
| Shares Outstanding | 393.93 M | ||||
| Shares Owned By Insiders | 0.07 % | ||||
| Shares Owned By Institutions | 73.48 % | ||||
| Number Of Shares Shorted | 8.56 M | ||||
| Price To Earning | 41.54 X | ||||
| Price To Book | 1.34 X | ||||
| Price To Sales | 2.39 X | ||||
| Revenue | 1.69 B | ||||
| Gross Profit | 614.5 M | ||||
| EBITDA | 621.1 M | ||||
| Net Income | 69.54 M | ||||
| Cash And Equivalents | 270.99 M | ||||
| Cash Per Share | 1.72 X | ||||
| Total Debt | 1.38 B | ||||
| Debt To Equity | 0.74 % | ||||
| Current Ratio | 2.21 X | ||||
| Book Value Per Share | 5.98 X | ||||
| Cash Flow From Operations | 476.85 M | ||||
| Short Ratio | 6.60 X | ||||
| Earnings Per Share | 0.35 X | ||||
| Price To Earnings To Growth | 2.09 X | ||||
| Target Price | 16.31 | ||||
| Beta | 1.83 | ||||
| Market Capitalization | 4.87 B | ||||
| Total Asset | 5.31 B | ||||
| Retained Earnings | (173.6 M) | ||||
| Working Capital | 135.91 M | ||||
| Current Asset | 435.18 M | ||||
| Current Liabilities | 377.56 M | ||||
| Annual Yield | 0 % | ||||
| Five Year Return | 0.34 % | ||||
| Net Asset | 5.31 B |
About HudBay Minerals Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze HudBay Minerals's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HudBay Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of HudBay Minerals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with HudBay Minerals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if HudBay Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in HudBay Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with HudBay Stock
Moving against HudBay Stock
The ability to find closely correlated positions to HudBay Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HudBay Minerals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back HudBay Minerals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling HudBay Minerals to buy it.
The correlation of HudBay Minerals 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HudBay Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HudBay Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for HudBay Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HudBay Minerals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in HudBay Stock, please use our How to Invest in HudBay Minerals guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.