Empire Metals (UK) Market Value
| EEE Stock | 6.05 0.05 0.82% |
| Symbol | Empire |
Empire 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 Empire Metals' 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 Empire Metals.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Empire Metals on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Empire Metals Limited or generate 0.0% return on investment in Empire Metals over 30 days. Empire Metals is related to or competes with Playtech Plc, HCA Healthcare, Celebrus Technologies, Roper Technologies, Inspiration Healthcare, DXC Technology, and Schweiter Technologies. Empire Metals is entity of United Kingdom More
Empire 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 Empire Metals' 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 Empire Metals Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 14.89 | |||
| Value At Risk | (4.86) | |||
| Potential Upside | 4.23 |
Empire Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empire Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empire Metals' standard deviation. In reality, there are many statistical measures that can use Empire Metals historical prices to predict the future Empire Metals' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.86) | |||
| Treynor Ratio | (2.04) |
Empire Metals Limited Backtested Returns
Empire Metals Limited secures Sharpe Ratio (or Efficiency) of -0.16, which denotes the company had a -0.16% return per unit of risk over the last 3 months. Empire Metals Limited exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Empire Metals' Variance of 7.15, mean deviation of 1.91, and Standard Deviation of 2.67 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, Empire Metals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Empire Metals is expected to be smaller as well. At this point, Empire Metals Limited has a negative expected return of -0.43%. Please make sure to confirm Empire Metals' maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if Empire Metals Limited performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.09 |
Very weak reverse predictability
Empire Metals Limited has very weak reverse predictability. Overlapping area represents the amount of predictability between Empire Metals time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Empire Metals Limited price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Empire Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Empire Metals Limited lagged returns against current returns
Autocorrelation, which is Empire Metals 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 Empire Metals' stock expected returns. We can calculate the autocorrelation of Empire Metals returns to help us make a trade decision. For example, suppose you find that Empire Metals 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 |
Empire 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 Empire Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empire Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empire Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Empire Metals Lagged Returns
When evaluating Empire Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empire Metals stock have on its future price. Empire 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, Empire Metals autocorrelation shows the relationship between Empire Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Empire Metals Limited.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Empire Stock
Empire Metals financial ratios help investors to determine whether Empire 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 Empire with respect to the benefits of owning Empire Metals security.