Silver X Mining Stock Market Value
| AGX Stock | 0.23 0.01 4.17% |
| Symbol | Silver |
Silver X Mining Price To Book Ratio
Silver X '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 Silver X'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 Silver X.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Silver X on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Silver X Mining or generate 0.0% return on investment in Silver X over 60 days. Silver X is related to or competes with First Majestic, Ivanhoe Energy, Orezone Gold, and Faraday Copper. Amador Gold Corporation, a resource exploration company, engages in the acquisition, exploration, and evaluation of mineral projects in Canada. More
Silver X 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 Silver X'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 Silver X Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.25 | |||
| Information Ratio | 0.0086 | |||
| Maximum Drawdown | 31.82 | |||
| Value At Risk | (8.33) | |||
| Potential Upside | 10.0 |
Silver X Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silver X's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silver X's standard deviation. In reality, there are many statistical measures that can use Silver X historical prices to predict the future Silver X's volatility.| Risk Adjusted Performance | 0.0316 | |||
| Jensen Alpha | 0.3053 | |||
| Total Risk Alpha | (0.79) | |||
| Sortino Ratio | 0.0085 | |||
| Treynor Ratio | (0.16) |
Silver X Mining Backtested Returns
Silver X appears to be out of control, given 3 months investment horizon. Silver X Mining owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0661, which indicates the firm had a 0.0661% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Silver X Mining, which you can use to evaluate the volatility of the company. Please review Silver X's Coefficient Of Variation of 3341.12, semi deviation of 5.11, and Risk Adjusted Performance of 0.0316 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Silver X holds a performance score of 5. The entity has a beta of -1.1, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Silver X are expected to decrease slowly. On the other hand, during market turmoil, Silver X is expected to outperform it slightly. Please check Silver X's total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether Silver X's existing price patterns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
Silver X Mining has good reverse predictability. Overlapping area represents the amount of predictability between Silver X time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th of November 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 Silver X Mining price movement. The serial correlation of -0.55 indicates that about 55.0% of current Silver X price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Silver X Mining lagged returns against current returns
Autocorrelation, which is Silver X 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 Silver X's stock expected returns. We can calculate the autocorrelation of Silver X returns to help us make a trade decision. For example, suppose you find that Silver X 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 |
Silver X 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 Silver X stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silver X stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silver X stock over time.
Current vs Lagged Prices |
| Timeline |
Silver X Lagged Returns
When evaluating Silver X's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silver X stock have on its future price. Silver X 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, Silver X autocorrelation shows the relationship between Silver X stock current value and its past values and can show if there is a momentum factor associated with investing in Silver X Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Silver Stock Analysis
When running Silver X's price analysis, check to measure Silver X'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 Silver X is operating at the current time. Most of Silver X's value examination focuses on studying past and present price action to predict the probability of Silver X's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Silver X's price. Additionally, you may evaluate how the addition of Silver X to your portfolios can decrease your overall portfolio volatility.