EURASIAN MINERALS (Germany) Market Value
| 6E9 Stock | EUR 1.68 0.03 1.82% |
| Symbol | EURASIAN |
EURASIAN MINERALS '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 EURASIAN MINERALS'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 EURASIAN MINERALS.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in EURASIAN MINERALS on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding EURASIAN MINERALS or generate 0.0% return on investment in EURASIAN MINERALS over 30 days. EURASIAN MINERALS is related to or competes with MeVis Medical, Goosehead Insurance, Insurance Australia, AVITA Medical, QBE Insurance, Direct Line, and INSURANCE AUST. More
EURASIAN MINERALS 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 EURASIAN MINERALS'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 EURASIAN MINERALS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 8.96 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 1.88 |
EURASIAN MINERALS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EURASIAN MINERALS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EURASIAN MINERALS's standard deviation. In reality, there are many statistical measures that can use EURASIAN MINERALS historical prices to predict the future EURASIAN MINERALS's volatility.| Risk Adjusted Performance | 0.0191 | |||
| Jensen Alpha | 0.0156 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.7252 |
EURASIAN MINERALS Backtested Returns
Currently, EURASIAN MINERALS is moderately volatile. EURASIAN MINERALS secures Sharpe Ratio (or Efficiency) of 0.0493, which denotes the company had a 0.0493% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for EURASIAN MINERALS, which you can use to evaluate the volatility of the firm. Please confirm EURASIAN MINERALS's Market Risk Adjusted Performance of 0.7352, mean deviation of 0.7894, and Downside Deviation of 1.62 to check if the risk estimate we provide is consistent with the expected return of 0.0654%. EURASIAN MINERALS has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0233, which means not very significant fluctuations relative to the market. As returns on the market increase, EURASIAN MINERALS's returns are expected to increase less than the market. However, during the bear market, the loss of holding EURASIAN MINERALS is expected to be smaller as well. EURASIAN MINERALS currently shows a risk of 1.33%. Please confirm EURASIAN MINERALS information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if EURASIAN MINERALS will be following its price patterns.
Auto-correlation | 0.56 |
Modest predictability
EURASIAN MINERALS has modest predictability. Overlapping area represents the amount of predictability between EURASIAN MINERALS time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 EURASIAN MINERALS price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current EURASIAN MINERALS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EURASIAN MINERALS lagged returns against current returns
Autocorrelation, which is EURASIAN MINERALS 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 EURASIAN MINERALS's stock expected returns. We can calculate the autocorrelation of EURASIAN MINERALS returns to help us make a trade decision. For example, suppose you find that EURASIAN MINERALS 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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EURASIAN MINERALS 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 EURASIAN MINERALS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EURASIAN MINERALS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EURASIAN MINERALS stock over time.
Current vs Lagged Prices |
| Timeline |
EURASIAN MINERALS Lagged Returns
When evaluating EURASIAN MINERALS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EURASIAN MINERALS stock have on its future price. EURASIAN MINERALS 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, EURASIAN MINERALS autocorrelation shows the relationship between EURASIAN MINERALS stock current value and its past values and can show if there is a momentum factor associated with investing in EURASIAN MINERALS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for EURASIAN Stock Analysis
When running EURASIAN MINERALS's price analysis, check to measure EURASIAN MINERALS'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 EURASIAN MINERALS is operating at the current time. Most of EURASIAN MINERALS's value examination focuses on studying past and present price action to predict the probability of EURASIAN MINERALS's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EURASIAN MINERALS's price. Additionally, you may evaluate how the addition of EURASIAN MINERALS to your portfolios can decrease your overall portfolio volatility.