European Metals (UK) Market Value
| EMH Stock | 7.50 0.40 5.06% |
| Symbol | European |
European 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 European 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 European Metals.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in European Metals on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding European Metals Holdings or generate 0.0% return on investment in European Metals over 30 days. European Metals is related to or competes with Givaudan, Antofagasta PLC, Centamin PLC, Atalaya Mining, Ferrexpo PLC, Amaroq Minerals, and Central Asia. European Metals is entity of United Kingdom More
European 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 European 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 European Metals Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 19.12 | |||
| Value At Risk | (6.45) | |||
| Potential Upside | 5.88 |
European Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for European Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as European Metals' standard deviation. In reality, there are many statistical measures that can use European Metals historical prices to predict the future European Metals' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.66) | |||
| Total Risk Alpha | (1.06) | |||
| Treynor Ratio | (0.35) |
European Metals Holdings Backtested Returns
European Metals Holdings secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the company had a -0.12% return per unit of risk over the last 3 months. European Metals Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm European Metals' Mean Deviation of 2.4, variance of 12.93, and Standard Deviation of 3.6 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.38, 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, European Metals will likely underperform. At this point, European Metals Holdings has a negative expected return of -0.44%. Please make sure to confirm European Metals' maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if European Metals Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.61 |
Good predictability
European Metals Holdings has good predictability. Overlapping area represents the amount of predictability between European 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 European Metals Holdings price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current European Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
European Metals Holdings lagged returns against current returns
Autocorrelation, which is European 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 European Metals' stock expected returns. We can calculate the autocorrelation of European Metals returns to help us make a trade decision. For example, suppose you find that European 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 |
European 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 European Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if European Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in European Metals stock over time.
Current vs Lagged Prices |
| Timeline |
European Metals Lagged Returns
When evaluating European Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of European Metals stock have on its future price. European 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, European Metals autocorrelation shows the relationship between European Metals stock current value and its past values and can show if there is a momentum factor associated with investing in European Metals Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
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 European Stock
European Metals financial ratios help investors to determine whether European 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 European with respect to the benefits of owning European Metals security.