Discovery Metals Corp Stock Market Value
| DSVSF Stock | USD 0.63 0.01 1.56% |
| Symbol | Discovery |
Discovery Metals '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 Discovery Metals' 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 Discovery Metals.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Discovery Metals on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Discovery Metals Corp or generate 0.0% return on investment in Discovery Metals over 30 days. Discovery Metals is related to or competes with Arizona Silver, Guanajuato Silver, Dolly Varden, Bald Eagle, Silver One, and IMPACT Silver. Discovery Silver Corp., a mineral exploration company, engages in the exploration and development of polymetallic deposi... More
Discovery Metals 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 Discovery Metals' 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 Discovery Metals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.11 | |||
| Information Ratio | 0.0841 | |||
| Maximum Drawdown | 34.35 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 8.77 |
Discovery Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Discovery Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Discovery Metals' standard deviation. In reality, there are many statistical measures that can use Discovery Metals historical prices to predict the future Discovery Metals' volatility.| Risk Adjusted Performance | 0.0885 | |||
| Jensen Alpha | 0.6515 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.105 | |||
| Treynor Ratio | 20.29 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Discovery Metals' 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.
Discovery Metals Corp Backtested Returns
Discovery Metals appears to be out of control, given 3 months investment horizon. Discovery Metals 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 Discovery Metals' technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize Discovery Metals' Downside Deviation of 5.11, mean deviation of 4.55, and Coefficient Of Variation of 958.65 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Discovery Metals holds a performance score of 8. The firm shows a Beta (market volatility) of 0.0323, which means not very significant fluctuations relative to the market. As returns on the market increase, Discovery Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Discovery Metals is expected to be smaller as well. Please check Discovery Metals' value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Discovery Metals' price patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Discovery Metals Corp has good reverse predictability. Overlapping area represents the amount of predictability between Discovery Metals 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 Discovery Metals Corp price movement. The serial correlation of -0.52 indicates that about 52.0% of current Discovery Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Discovery Metals Corp lagged returns against current returns
Autocorrelation, which is Discovery Metals 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 Discovery Metals' otc stock expected returns. We can calculate the autocorrelation of Discovery Metals returns to help us make a trade decision. For example, suppose you find that Discovery Metals 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 |
Discovery Metals 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 Discovery Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Discovery Metals otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Discovery Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Discovery Metals Lagged Returns
When evaluating Discovery Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Discovery Metals otc stock have on its future price. Discovery Metals 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, Discovery Metals autocorrelation shows the relationship between Discovery Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Discovery Metals Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Discovery OTC Stock
Discovery Metals financial ratios help investors to determine whether Discovery 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 Discovery with respect to the benefits of owning Discovery Metals security.