Hycroft Mining Correlations
| HYMCL Stock | USD 0.03 0 17.39% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hycroft Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hycroft Mining Holding 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.
Very good diversification
The correlation between Hycroft Mining Holding and NYA is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hycroft Mining Holding and NYA in the same portfolio, assuming nothing else is changed.
Hycroft |
The ability to find closely correlated positions to Hycroft Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hycroft Mining 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 Hycroft Mining - 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 Hycroft Mining Holding to buy it.
Moving against Hycroft Stock
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PZG | 2.31 | 0.18 | 0.05 | 0.23 | 2.42 | 5.71 | 12.77 | |||
| LGDTF | 4.22 | 0.33 | 0.06 | 0.26 | 4.15 | 8.70 | 24.88 | |||
| THM | 3.63 | 0.38 | 0.05 | (0.22) | 4.11 | 9.59 | 25.48 | |||
| AUXXF | 3.85 | 0.29 | 0.03 | (0.27) | 4.40 | 9.86 | 34.29 | |||
| GAU | 3.36 | 0.98 | 0.28 | 2.26 | 2.61 | 9.62 | 23.18 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hycroft Mining without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Hycroft Mining Corporate Management
Elected by the shareholders, the Hycroft Mining's board of directors comprises two types of representatives: Hycroft Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hycroft. The board's role is to monitor Hycroft Mining's management team and ensure that shareholders' interests are well served. Hycroft Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hycroft Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Thomas | VP GM | Profile | |
| Rebecca Jennings | General VP | Profile | |
| CPA CPA | Ex CFO | Profile | |
| David Stone | Co Sec | Profile | |
| Ashlie Thorburn | VP Controller | Profile | |
| Fiona Leydier | Vice Relations | Profile | |
| Alex Davidson | Vice Exploration | Profile |
Already Invested in Hycroft Mining Holding?
The danger of trading Hycroft Mining Holding is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hycroft Mining is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hycroft Mining. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hycroft Mining Holding is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Hycroft Mining Holding is a strong investment it is important to analyze Hycroft Mining'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 Hycroft Mining's future performance. For an informed investment choice regarding Hycroft Stock, refer to the following important reports: 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 tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Hycroft Mining Holding information on this page should be used as a complementary analysis to other Hycroft Mining's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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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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 (1.54) | 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.