Hive Digital Technologies Stock Market Value
| HIVE Stock | CAD 3.05 0.01 0.33% |
| Symbol | HIVE |
HIVE Digital Technologies Price To Book Ratio
HIVE Digital '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 HIVE Digital'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 HIVE Digital.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in HIVE Digital on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding HIVE Digital Technologies or generate 0.0% return on investment in HIVE Digital over 90 days. HIVE Digital is related to or competes with Hut 8, Dmg Blockchain, Drone Delivery, and Galaxy Digital. HIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland More
HIVE Digital 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 HIVE Digital'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 HIVE Digital Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | 0.1223 | |||
| Maximum Drawdown | 30.81 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 9.2 |
HIVE Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HIVE Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HIVE Digital's standard deviation. In reality, there are many statistical measures that can use HIVE Digital historical prices to predict the future HIVE Digital's volatility.| Risk Adjusted Performance | 0.1488 | |||
| Jensen Alpha | 0.6154 | |||
| Total Risk Alpha | 0.0426 | |||
| Sortino Ratio | 0.1808 | |||
| Treynor Ratio | 0.7917 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HIVE Digital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
HIVE Digital Technologies Backtested Returns
HIVE Digital appears to be risky, given 3 months investment horizon. HIVE Digital Technologies holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15 % return per unit of volatility over the last 3 months. By analyzing HIVE Digital's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize HIVE Digital's market risk adjusted performance of 0.8017, and Risk Adjusted Performance of 0.1488 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HIVE Digital holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.93, which attests to possible diversification benefits within a given portfolio. HIVE Digital returns are very sensitive to returns on the market. As the market goes up or down, HIVE Digital is expected to follow. Please check HIVE Digital's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether HIVE Digital's current trending patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
HIVE Digital Technologies has modest predictability. Overlapping area represents the amount of predictability between HIVE Digital time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HIVE Digital Technologies price movement. The serial correlation of 0.53 indicates that about 53.0% of current HIVE Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
HIVE Digital Technologies lagged returns against current returns
Autocorrelation, which is HIVE Digital 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 HIVE Digital's stock expected returns. We can calculate the autocorrelation of HIVE Digital returns to help us make a trade decision. For example, suppose you find that HIVE Digital 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 |
HIVE Digital 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 HIVE Digital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HIVE Digital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HIVE Digital stock over time.
Current vs Lagged Prices |
| Timeline |
HIVE Digital Lagged Returns
When evaluating HIVE Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HIVE Digital stock have on its future price. HIVE Digital 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, HIVE Digital autocorrelation shows the relationship between HIVE Digital stock current value and its past values and can show if there is a momentum factor associated with investing in HIVE Digital Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for HIVE Stock Analysis
When running HIVE Digital's price analysis, check to measure HIVE Digital'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 HIVE Digital is operating at the current time. Most of HIVE Digital's value examination focuses on studying past and present price action to predict the probability of HIVE Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HIVE Digital's price. Additionally, you may evaluate how the addition of HIVE Digital to your portfolios can decrease your overall portfolio volatility.