Denarius Silver Corp Stock Market Value
| DNRSF Stock | USD 0.50 0.03 5.66% |
| Symbol | Denarius |
Denarius Silver '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 Denarius Silver's otc 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 Denarius Silver.
| 05/08/2023 |
| 11/28/2024 |
If you would invest 0.00 in Denarius Silver on May 8, 2023 and sell it all today you would earn a total of 0.00 from holding Denarius Silver Corp or generate 0.0% return on investment in Denarius Silver over 570 days. Denarius Silver is related to or competes with U Power, ScanSource, BRP, FormFactor, Semtech, Modine Manufacturing, and Jabil Circuit. Denarius Metals Corp. engages in the acquisition, exploration, development, and operation of mining projects in Spain an... More
Denarius Silver 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 Denarius Silver's otc 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 Denarius Silver Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.28 | |||
| Information Ratio | 0.0864 | |||
| Maximum Drawdown | 40.06 | |||
| Value At Risk | (8.00) | |||
| Potential Upside | 15.09 |
Denarius Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Denarius Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Denarius Silver's standard deviation. In reality, there are many statistical measures that can use Denarius Silver historical prices to predict the future Denarius Silver's volatility.| Risk Adjusted Performance | 0.0898 | |||
| Jensen Alpha | 0.4919 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0795 | |||
| Treynor Ratio | 0.406 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Denarius Silver'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.
Denarius Silver Corp Backtested Returns
Denarius Silver appears to be out of control, given 3 months investment horizon. Denarius Silver Corp secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11% return per unit of risk over the last 3 months. By reviewing Denarius Silver's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please utilize Denarius Silver's Mean Deviation of 3.96, downside deviation of 7.28, and Coefficient Of Variation of 944.9 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Denarius Silver holds a performance score of 8. The firm shows a Beta (market volatility) of 1.72, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Denarius Silver will likely underperform. Please check Denarius Silver's treynor ratio and the relationship between the semi variance and price action indicator , to make a quick decision on whether Denarius Silver's price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
Denarius Silver Corp has modest predictability. Overlapping area represents the amount of predictability between Denarius Silver time series from 8th of May 2023 to 17th of February 2024 and 17th of February 2024 to 28th 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 Denarius Silver Corp price movement. The serial correlation of 0.54 indicates that about 54.0% of current Denarius Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Denarius Silver Corp lagged returns against current returns
Autocorrelation, which is Denarius Silver otc 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 Denarius Silver's otc stock expected returns. We can calculate the autocorrelation of Denarius Silver returns to help us make a trade decision. For example, suppose you find that Denarius Silver has exhibited high autocorrelation historically, and you observe that the otc 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 |
Denarius Silver 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 Denarius Silver otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Denarius Silver otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Denarius Silver otc stock over time.
Current vs Lagged Prices |
| Timeline |
Denarius Silver Lagged Returns
When evaluating Denarius Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Denarius Silver otc stock have on its future price. Denarius Silver 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, Denarius Silver autocorrelation shows the relationship between Denarius Silver otc stock current value and its past values and can show if there is a momentum factor associated with investing in Denarius Silver Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Denarius OTC Stock
Denarius Silver financial ratios help investors to determine whether Denarius OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Denarius with respect to the benefits of owning Denarius Silver security.