Hummingbird Resources Plc Stock Market Value
| HUMRF Stock | USD 0.02 0.00 0.00% |
| Symbol | Hummingbird |
Hummingbird Resources '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 Hummingbird Resources' pink sheet 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 Hummingbird Resources.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Hummingbird Resources on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Hummingbird Resources PLC or generate 0.0% return on investment in Hummingbird Resources over 720 days. Hummingbird Resources is related to or competes with Harmony Gold, SPACE, T Rowe, Ampleforth, Ionet, SEI Investments, and Embecta Corp. Hummingbird Resources PLC, a mining company, engages in the exploration, evaluation, and development of mineral properti... More
Hummingbird Resources 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 Hummingbird Resources' pink sheet 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 Hummingbird Resources PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 112.66 | |||
| Value At Risk | (27.06) | |||
| Potential Upside | 20.0 |
Hummingbird Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hummingbird Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hummingbird Resources' standard deviation. In reality, there are many statistical measures that can use Hummingbird Resources historical prices to predict the future Hummingbird Resources' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (3.23) | |||
| Treynor Ratio | 0.2751 |
Hummingbird Resources PLC Backtested Returns
Hummingbird Resources PLC holds Efficiency (Sharpe) Ratio of -0.064, which attests that the entity had a -0.064% return per unit of risk over the last 3 months. Hummingbird Resources PLC exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hummingbird Resources' Market Risk Adjusted Performance of 0.2851, risk adjusted performance of (0.04), and Standard Deviation of 13.99 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -3.24, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Hummingbird Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Hummingbird Resources is expected to outperform it. At this point, Hummingbird Resources PLC has a negative expected return of -0.91%. Please make sure to check out Hummingbird Resources' variance, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if Hummingbird Resources PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Hummingbird Resources PLC has insignificant reverse predictability. Overlapping area represents the amount of predictability between Hummingbird Resources time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Hummingbird Resources PLC price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Hummingbird Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hummingbird Resources PLC lagged returns against current returns
Autocorrelation, which is Hummingbird Resources pink sheet'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 Hummingbird Resources' pink sheet expected returns. We can calculate the autocorrelation of Hummingbird Resources returns to help us make a trade decision. For example, suppose you find that Hummingbird Resources has exhibited high autocorrelation historically, and you observe that the pink sheet 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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Hummingbird Resources 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 Hummingbird Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hummingbird Resources pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hummingbird Resources pink sheet over time.
Current vs Lagged Prices |
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Hummingbird Resources Lagged Returns
When evaluating Hummingbird Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hummingbird Resources pink sheet have on its future price. Hummingbird Resources 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, Hummingbird Resources autocorrelation shows the relationship between Hummingbird Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hummingbird Resources PLC.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Hummingbird Pink Sheet
Hummingbird Resources financial ratios help investors to determine whether Hummingbird Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hummingbird with respect to the benefits of owning Hummingbird Resources security.