Hecla Mining's market value is the price at which a share of Hecla Mining trades on a public exchange. It measures the collective expectations of Hecla Mining Co investors about its performance. Hecla Mining is selling for under 5.24 as of the 8th of January 2025; that is 1.35% up since the beginning of the trading day. The stock's lowest day price was 5.18. With this module, you can estimate the performance of a buy and hold strategy of Hecla Mining Co and determine expected loss or profit from investing in Hecla Mining over a given investment horizon. Check out Hecla Mining Correlation, Hecla Mining Volatility and Hecla Mining Alpha and Beta module to complement your research on Hecla Mining.
Please note, there is a significant difference between Hecla Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hecla Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hecla 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.
Hecla 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 Hecla 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 Hecla Mining.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hecla 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 Hecla Mining Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hecla Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hecla Mining's standard deviation. In reality, there are many statistical measures that can use Hecla Mining historical prices to predict the future Hecla Mining's volatility.
Hecla Mining holds Efficiency (Sharpe) Ratio of -0.0943, which attests that the entity had a -0.0943% return per unit of risk over the last 3 months. Hecla Mining exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hecla Mining's Risk Adjusted Performance of (0.07), standard deviation of 3.26, and Market Risk Adjusted Performance of (2.88) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hecla Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hecla Mining is expected to be smaller as well. At this point, Hecla Mining has a negative expected return of -0.31%. Please make sure to check out Hecla Mining's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Hecla Mining performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.56
Good reverse predictability
Hecla Mining Co has good reverse predictability. Overlapping area represents the amount of predictability between Hecla Mining time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th of January 2025. 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 -0.56 indicates that roughly 56.0% of current Hecla Mining price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.56
Spearman Rank Test
-0.47
Residual Average
0.0
Price Variance
0.88
Hecla Mining lagged returns against current returns
Autocorrelation, which is Hecla 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 Hecla Mining's stock expected returns. We can calculate the autocorrelation of Hecla Mining returns to help us make a trade decision. For example, suppose you find that Hecla 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
Hecla 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 Hecla Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hecla Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hecla Mining stock over time.
Current vs Lagged Prices
Timeline
Hecla Mining Lagged Returns
When evaluating Hecla Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hecla Mining stock have on its future price. Hecla 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, Hecla Mining autocorrelation shows the relationship between Hecla Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Hecla Mining Co.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running Hecla Mining's price analysis, check to measure Hecla 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 Hecla Mining is operating at the current time. Most of Hecla Mining's value examination focuses on studying past and present price action to predict the probability of Hecla 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 Hecla Mining's price. Additionally, you may evaluate how the addition of Hecla Mining to your portfolios can decrease your overall portfolio volatility.