Happy Creek Minerals Stock Market Value
| HPY Stock | CAD 0.07 0.01 16.67% |
| Symbol | Happy |
Happy Creek '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 Happy Creek'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 Happy Creek.
| 09/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Happy Creek on September 26, 2024 and sell it all today you would earn a total of 0.00 from holding Happy Creek Minerals or generate 0.0% return on investment in Happy Creek over 90 days. Happy Creek is related to or competes with Outcrop Gold, and Grande Portage. Happy Creek Minerals Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada More
Happy Creek 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 Happy Creek'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 Happy Creek Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.44 | |||
| Information Ratio | 0.0684 | |||
| Maximum Drawdown | 45.0 | |||
| Value At Risk | (16.67) | |||
| Potential Upside | 20.0 |
Happy Creek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Happy Creek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Happy Creek's standard deviation. In reality, there are many statistical measures that can use Happy Creek historical prices to predict the future Happy Creek's volatility.| Risk Adjusted Performance | 0.0674 | |||
| Jensen Alpha | 0.6411 | |||
| Total Risk Alpha | 0.2935 | |||
| Sortino Ratio | 0.0385 | |||
| Treynor Ratio | 0.2513 |
Happy Creek Minerals Backtested Returns
Happy Creek appears to be out of control, given 3 months investment horizon. Happy Creek Minerals holds Efficiency (Sharpe) Ratio of 0.073, which attests that the entity had a 0.073% return per unit of risk over the last 3 months. By evaluating Happy Creek's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize Happy Creek's Downside Deviation of 18.44, market risk adjusted performance of 0.2613, and Risk Adjusted Performance of 0.0674 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Happy Creek holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of 2.96, 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, Happy Creek will likely underperform. Please check Happy Creek's maximum drawdown and the relationship between the expected short fall and period momentum indicator , to make a quick decision on whether Happy Creek's current trending patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Happy Creek Minerals has weak predictability. Overlapping area represents the amount of predictability between Happy Creek time series from 26th of September 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Happy Creek Minerals price movement. The serial correlation of 0.22 indicates that over 22.0% of current Happy Creek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Happy Creek Minerals lagged returns against current returns
Autocorrelation, which is Happy Creek 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 Happy Creek's stock expected returns. We can calculate the autocorrelation of Happy Creek returns to help us make a trade decision. For example, suppose you find that Happy Creek 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 |
Happy Creek 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 Happy Creek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Happy Creek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Happy Creek stock over time.
Current vs Lagged Prices |
| Timeline |
Happy Creek Lagged Returns
When evaluating Happy Creek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Happy Creek stock have on its future price. Happy Creek 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, Happy Creek autocorrelation shows the relationship between Happy Creek stock current value and its past values and can show if there is a momentum factor associated with investing in Happy Creek Minerals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Happy Stock Analysis
When running Happy Creek's price analysis, check to measure Happy Creek'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 Happy Creek is operating at the current time. Most of Happy Creek's value examination focuses on studying past and present price action to predict the probability of Happy Creek's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Happy Creek's price. Additionally, you may evaluate how the addition of Happy Creek to your portfolios can decrease your overall portfolio volatility.