Hycroft Mining Correlations
| HYMCWDelisted Stock | USD 0.0002 0.0004 66.67% |
The current 90-days correlation between Hycroft Mining Holding and Hycroft Mining Holding is 0.02 (i.e., Significant diversification). 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Hycroft |
Moving together with Hycroft Stock
Moving against Hycroft Stock
| 0.86 | AU | AngloGold Ashanti plc | PairCorr |
| 0.86 | OR | Osisko Gold Ro | PairCorr |
| 0.86 | EGO | Eldorado Gold Corp | PairCorr |
| 0.85 | KGC | Kinross Gold | PairCorr |
| 0.82 | ODV | Osisko Development Corp | PairCorr |
| 0.81 | CNL | Collective Mining | PairCorr |
| 0.79 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.76 | NGD | New Gold Aggressive Push | PairCorr |
| 0.75 | FNV | Franco Nevada | PairCorr |
| 0.74 | AEM | Agnico Eagle Mines | PairCorr |
| 0.73 | ORLA | Orla Mining | PairCorr |
| 0.72 | IAG | IAMGold Aggressive Push | PairCorr |
| 0.7 | PZG | Paramount Gold Nevada | PairCorr |
| 0.69 | HMY | Harmony Gold Mining Downward Rally | PairCorr |
| 0.63 | BTG | B2Gold Corp Aggressive Push | PairCorr |
| 0.62 | GFI | Gold Fields | PairCorr |
| 0.61 | CDE | Coeur Mining Aggressive Push | PairCorr |
| 0.54 | DRD | DRDGOLD Limited ADR | PairCorr |
| 0.53 | THM | International Tower Hill | PairCorr |
| 0.51 | GAU | Galiano Gold | PairCorr |
| 0.5 | SA | Seabridge Gold | PairCorr |
| 0.5 | FSM | Fortuna Silver Mines Aggressive Push | PairCorr |
| 0.41 | IDR | Idaho Strategic Resources | PairCorr |
| 0.38 | AGI | Alamos Gold | PairCorr |
| 0.36 | NG | NovaGold Resources | PairCorr |
| 0.36 | TRX | Tanzanian Royalty | PairCorr |
| 0.88 | ARMN | Aris Mining Downward Rally | PairCorr |
| 0.86 | SAND | Sandstorm Gold | PairCorr |
| 0.84 | CMCL | Caledonia Mining | PairCorr |
| 0.83 | RGLD | Royal Gold | PairCorr |
| 0.81 | CTGO | Contango ORE | PairCorr |
| 0.8 | WPM | Wheaton Precious Metals | PairCorr |
| 0.75 | CGAU | Centerra Gold Downward Rally | PairCorr |
| 0.72 | VGZ | Vista Gold | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HYMCL | 14.34 | 2.10 | 0.11 | 0.62 | 14.45 | 46.15 | 122.11 | |||
| HYMC | 4.34 | 0.94 | 0.20 | 1.32 | 4.45 | 10.60 | 25.92 | |||
| TBLTW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HOFVW | 12.56 | 1.03 | 0.05 | 0.40 | 15.50 | 36.67 | 122.14 | |||
| PHUNW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Hycroft Mining Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hycroft Mining stock to make a market-neutral strategy. Peer analysis of Hycroft Mining could also be used in its relative valuation, which is a method of valuing Hycroft Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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 |
Still Interested in Hycroft Mining Holding?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.