Hive Blockchain Technologies Stock Market Value
| HIVE Stock | USD 4.34 0.27 6.63% |
| Symbol | HIVE |
HIVE Blockchain Tech Price To Book Ratio
Is Asset Management & Custody Banks space 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 HIVE Blockchain. If investors know HIVE 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 HIVE Blockchain listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.217 | Earnings Share (0.13) | Revenue Per Share 1.171 | Quarterly Revenue Growth (0.01) | Return On Assets (0.08) |
The market value of HIVE Blockchain Tech is measured differently than its book value, which is the value of HIVE that is recorded on the company's balance sheet. Investors also form their own opinion of HIVE Blockchain's value that differs from its market value or its book value, called intrinsic value, which is HIVE Blockchain'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 HIVE Blockchain's market value can be influenced by many factors that don't directly affect HIVE Blockchain'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 HIVE Blockchain's value and its price as these two are different measures arrived at by different means. Investors typically determine if HIVE Blockchain is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HIVE Blockchain'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.
HIVE Blockchain '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 HIVE Blockchain'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 HIVE Blockchain.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in HIVE Blockchain on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding HIVE Blockchain Technologies or generate 0.0% return on investment in HIVE Blockchain over 30 days. HIVE Blockchain is related to or competes with Bitfarms, CleanSpark, Marathon Digital, Riot Blockchain, Hut 8, Bit Digital, and Terawulf. HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland More
HIVE Blockchain 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 HIVE Blockchain'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 HIVE Blockchain Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.28 | |||
| Information Ratio | 0.078 | |||
| Maximum Drawdown | 29.04 | |||
| Value At Risk | (7.71) | |||
| Potential Upside | 11.81 |
HIVE Blockchain Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HIVE Blockchain's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HIVE Blockchain's standard deviation. In reality, there are many statistical measures that can use HIVE Blockchain historical prices to predict the future HIVE Blockchain's volatility.| Risk Adjusted Performance | 0.0829 | |||
| Jensen Alpha | 0.2033 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0866 | |||
| Treynor Ratio | 0.1621 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HIVE Blockchain'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.
HIVE Blockchain Tech Backtested Returns
HIVE Blockchain appears to be unstable, given 3 months investment horizon. HIVE Blockchain Tech holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of volatility over the last 3 months. By analyzing HIVE Blockchain's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please utilize HIVE Blockchain's risk adjusted performance of 0.0829, and Market Risk Adjusted Performance of 0.1721 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HIVE Blockchain holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 3.46, 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, HIVE Blockchain will likely underperform. Please check HIVE Blockchain's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether HIVE Blockchain's current trending patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
HIVE Blockchain Technologies has very good reverse predictability. Overlapping area represents the amount of predictability between HIVE Blockchain time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 HIVE Blockchain Tech price movement. The serial correlation of -0.67 indicates that around 67.0% of current HIVE Blockchain price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
HIVE Blockchain Tech lagged returns against current returns
Autocorrelation, which is HIVE Blockchain 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 HIVE Blockchain's stock expected returns. We can calculate the autocorrelation of HIVE Blockchain returns to help us make a trade decision. For example, suppose you find that HIVE Blockchain 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 |
HIVE Blockchain 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 HIVE Blockchain stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HIVE Blockchain stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HIVE Blockchain stock over time.
Current vs Lagged Prices |
| Timeline |
HIVE Blockchain Lagged Returns
When evaluating HIVE Blockchain's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HIVE Blockchain stock have on its future price. HIVE Blockchain 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, HIVE Blockchain autocorrelation shows the relationship between HIVE Blockchain stock current value and its past values and can show if there is a momentum factor associated with investing in HIVE Blockchain Technologies.
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 determining whether HIVE Blockchain Tech is a strong investment it is important to analyze HIVE Blockchain's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact HIVE Blockchain's future performance. For an informed investment choice regarding HIVE Stock, refer to the following important reports:Check out HIVE Blockchain Correlation, HIVE Blockchain Volatility and HIVE Blockchain Alpha and Beta module to complement your research on HIVE Blockchain. You can also try the Stocks Directory module to find actively traded stocks across global markets.
HIVE Blockchain 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.