De Grey (Australia) Market Value
| DEG Stock | 1.48 0.02 1.33% |
| Symbol | DEG |
De Grey '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 De Grey'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 De Grey.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in De Grey on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding De Grey Mining or generate 0.0% return on investment in De Grey over 30 days. De Grey is related to or competes with Aurelia Metals, Austco Healthcare, and Sonic Healthcare. De Grey is entity of Australia. It is traded as Stock on AU exchange. More
De Grey 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 De Grey'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 De Grey Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.0861 | |||
| Maximum Drawdown | 12.51 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 4.32 |
De Grey Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for De Grey's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as De Grey's standard deviation. In reality, there are many statistical measures that can use De Grey historical prices to predict the future De Grey's volatility.| Risk Adjusted Performance | 0.1119 | |||
| Jensen Alpha | 0.3372 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0747 | |||
| Treynor Ratio | (16.91) |
De Grey Mining Backtested Returns
De Grey appears to be very risky, given 3 months investment horizon. De Grey Mining retains Efficiency (Sharpe Ratio) of 0.12, which denotes the company had a 0.12% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for De Grey, which you can use to evaluate the volatility of the firm. Please utilize De Grey's Downside Deviation of 2.89, market risk adjusted performance of (16.90), and Standard Deviation of 2.51 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, De Grey holds a performance score of 9. The firm owns a Beta (Systematic Risk) of -0.0198, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning De Grey are expected to decrease at a much lower rate. During the bear market, De Grey is likely to outperform the market. Please check De Grey's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether De Grey's current price history will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
De Grey Mining has almost perfect reverse predictability. Overlapping area represents the amount of predictability between De Grey time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 De Grey Mining price movement. The serial correlation of -0.8 indicates that around 80.0% of current De Grey price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
De Grey Mining lagged returns against current returns
Autocorrelation, which is De Grey 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 De Grey's stock expected returns. We can calculate the autocorrelation of De Grey returns to help us make a trade decision. For example, suppose you find that De Grey 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 |
De Grey 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 De Grey stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if De Grey stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in De Grey stock over time.
Current vs Lagged Prices |
| Timeline |
De Grey Lagged Returns
When evaluating De Grey's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of De Grey stock have on its future price. De Grey 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, De Grey autocorrelation shows the relationship between De Grey stock current value and its past values and can show if there is a momentum factor associated with investing in De Grey Mining.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for DEG Stock Analysis
When running De Grey's price analysis, check to measure De Grey'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 De Grey is operating at the current time. Most of De Grey's value examination focuses on studying past and present price action to predict the probability of De Grey's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move De Grey's price. Additionally, you may evaluate how the addition of De Grey to your portfolios can decrease your overall portfolio volatility.