Hannan Metals Stock Market Value
| HAN Stock | CAD 0.68 0.05 6.85% |
| Symbol | Hannan |
Hannan Metals Price To Book Ratio
Hannan Metals '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 Hannan Metals' 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 Hannan Metals.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Hannan Metals on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Hannan Metals or generate 0.0% return on investment in Hannan Metals over 720 days. Hannan Metals is related to or competes with Outcrop Gold, and Grande Portage. Hannan Metals Ltd., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral ... More
Hannan Metals 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 Hannan Metals' 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 Hannan Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.3 | |||
| Information Ratio | 0.0636 | |||
| Maximum Drawdown | 25.61 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 10.34 |
Hannan Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hannan Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hannan Metals' standard deviation. In reality, there are many statistical measures that can use Hannan Metals historical prices to predict the future Hannan Metals' volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.4121 | |||
| Total Risk Alpha | 0.2375 | |||
| Sortino Ratio | 0.0726 | |||
| Treynor Ratio | (1.67) |
Hannan Metals Backtested Returns
Hannan Metals appears to be out of control, given 3 months investment horizon. Hannan Metals holds Efficiency (Sharpe) Ratio of 0.0739, which attests that the entity had a 0.0739% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hannan Metals, which you can use to evaluate the volatility of the firm. Please utilize Hannan Metals' Downside Deviation of 5.3, market risk adjusted performance of (1.66), and Risk Adjusted Performance of 0.0633 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hannan Metals holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hannan Metals are expected to decrease at a much lower rate. During the bear market, Hannan Metals is likely to outperform the market. Please check Hannan Metals' sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Hannan Metals' current trending patterns will revert.
Auto-correlation | -0.67 |
Very good reverse predictability
Hannan Metals has very good reverse predictability. Overlapping area represents the amount of predictability between Hannan Metals time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Hannan Metals price movement. The serial correlation of -0.67 indicates that around 67.0% of current Hannan Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Hannan Metals lagged returns against current returns
Autocorrelation, which is Hannan Metals 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 Hannan Metals' stock expected returns. We can calculate the autocorrelation of Hannan Metals returns to help us make a trade decision. For example, suppose you find that Hannan Metals 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 |
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Hannan Metals 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 Hannan Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hannan Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hannan Metals stock over time.
Current vs Lagged Prices |
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Hannan Metals Lagged Returns
When evaluating Hannan Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hannan Metals stock have on its future price. Hannan Metals 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, Hannan Metals autocorrelation shows the relationship between Hannan Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Hannan Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hannan Stock Analysis
When running Hannan Metals' price analysis, check to measure Hannan Metals' 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 Hannan Metals is operating at the current time. Most of Hannan Metals' value examination focuses on studying past and present price action to predict the probability of Hannan Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hannan Metals' price. Additionally, you may evaluate how the addition of Hannan Metals to your portfolios can decrease your overall portfolio volatility.