Hudbay Stock Alpha and Beta Analysis

HBM
 Stock
  

USD 5.34  0.16  2.91%   

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Hudbay Minerals. It also helps investors analyze the systematic and unsystematic risks associated with investing in Hudbay Minerals over a specified time horizon. Remember, high Hudbay Minerals' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Please check Hudbay Minerals Backtesting, Hudbay Minerals Valuation, Hudbay Minerals Correlation, Hudbay Minerals Hype Analysis, Hudbay Minerals Volatility, Hudbay Minerals History and analyze Hudbay Minerals Performance.
  
Please note that although Hudbay Minerals alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Hudbay Minerals did 0.38  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Hudbay Minerals stock's relative risk over its benchmark. Hudbay Minerals has a beta of 1.91  . Let's try to break down what Hudbay's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hudbay Minerals will likely underperform.
Hudbay Minerals Book Value per Share is relatively stable at the moment as compared to the past year. The company's current value of Book Value per Share is estimated at 6.44. Enterprise Value over EBITDA is expected to hike to 14.23 this year, although Price to Book Value will most likely fall to 1.16.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Enterprise Value

2.76 Billion

Hudbay Minerals Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Hudbay Minerals market risk premium is the additional return an investor will receive from holding Hudbay Minerals long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Hudbay Minerals. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Hudbay Minerals' performance over market.
α0.38   β1.91
90 days against NYA

Hudbay Minerals expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Hudbay Minerals' Buy-and-hold return. Our buy-and-hold chart shows how Hudbay Minerals performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Hudbay Minerals Market Price Analysis

Market price analysis indicators help investors to evaluate how Hudbay Minerals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hudbay Minerals shares will generate the highest return on investment. By understating and applying Hudbay Minerals stock market price indicators, traders can identify Hudbay Minerals position entry and exit signals to maximize returns.

Hudbay Minerals Return and Market Media

The median price of Hudbay Minerals for the period between Fri, Sep 9, 2022 and Thu, Dec 8, 2022 is 4.28 with a coefficient of variation of 14.87. The daily time series for the period is distributed with a sample standard deviation of 0.67, arithmetic mean of 4.54, and mean deviation of 0.6. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
EPS Estimate09/30/2022
2
Hudbay Minerals Has A Somewhat Strained Balance Sheet - Simp...10/11/2022
3
Canada shares higher at close of trade SPTSX Composite up 1....10/21/2022
4
Hudbay Minerals is set to report earnings on Wednesday. - Be...10/27/2022
5
EPS Reported11/02/2022
6
HudBay Minerals Keep at Sector-PerformSpeculative Risk by Na...11/03/2022
7
Investors Will Want Hudbay Minerals Growth In ROCE To Persis...12/02/2022

About Hudbay Minerals Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Hudbay or other stocks. Alpha measures the amount that position in Hudbay Minerals has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2021 2022 (projected)
Book Value per Share7.075.656.44
Asset Turnover0.270.330.32

Hudbay Minerals Upcoming Company Events

As portrayed in its financial statements, the presentation of Hudbay Minerals' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Hudbay Minerals' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Hudbay Minerals' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Hudbay Minerals. Please utilize our Beneish M Score to check the likelihood of Hudbay Minerals' management manipulating its earnings.
Upcoming Quarterly Report17th of February 2022
Next Financial Report10th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End17th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Hudbay Minerals

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Hudbay Minerals Backtesting, Hudbay Minerals Valuation, Hudbay Minerals Correlation, Hudbay Minerals Hype Analysis, Hudbay Minerals Volatility, Hudbay Minerals History and analyze Hudbay Minerals Performance. Note that the Hudbay Minerals information on this page should be used as a complementary analysis to other Hudbay Minerals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Hudbay Minerals price analysis, check to measure Hudbay Minerals' 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 Hudbay Minerals is operating at the current time. Most of Hudbay Minerals' value examination focuses on studying past and present price action to predict the probability of Hudbay Minerals' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hudbay Minerals' price. Additionally, you may evaluate how the addition of Hudbay Minerals to your portfolios can decrease your overall portfolio volatility.
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Hudbay Minerals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Hudbay Minerals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hudbay Minerals trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...