Harmony Gold Value At Risk
| 0J39 Stock | | | 14.51 0.54 3.87% |
The Value At Risk indicator for Harmony Gold Mining is derived from observed market data. Some instruments may report limited inputs depending on trading history. Harmony Gold has operating margin of 33.34%. See
Trending Equities for additional portfolio context. Adding Harmony Gold Mining to a portfolio enables side-by-side comparison with other holdings. The allocation framework in use shapes how individual positions are weighted. Broader economic conditions can influence Harmony Gold Mining's company valuation — related indicators include
signals in inflation.
Harmony Gold Mining has current Value At Risk of
-9.39. Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -9.39 | |
| ER[a] | = | Expected return on investing in Harmony Gold |
| STD | = | Standard Deviation of Harmony Gold |
| N | = | Number of points for the period |
| Z-SCORE | = | Number of standard deviations above or below the mean |
Value At Risk Peers Comparison
Value At Risk Relative To Other Indicators
Harmony Gold Mining is rated
below average in value at risk relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors .
Value At Risk is used by risk managers in order to measure and control the level of risk which the firm undertakes. The risk manager job is to ensure that risks are not taken beyond the level at which the firm can absorb the losses of a probable worst outcome. VAR can be defined as the loss level that will not be exceeded with a certain confidence level during a certain period of time.
Compare Harmony Gold to Peers
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