Emetals (Australia) Market Value
| EMT Stock | 0.01 0.00 0.00% |
| Symbol | Emetals |
Emetals '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 Emetals' 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 Emetals.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Emetals on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Emetals or generate 0.0% return on investment in Emetals over 30 days. Emetals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, De Grey, Aneka Tambang, and Perseus Mining. Emetals is entity of Australia. It is traded as Stock on AU exchange. More
Emetals 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 Emetals' 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 Emetals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0891 | |||
| Maximum Drawdown | 41.67 |
Emetals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emetals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emetals' standard deviation. In reality, there are many statistical measures that can use Emetals historical prices to predict the future Emetals' volatility.| Risk Adjusted Performance | 0.0845 | |||
| Jensen Alpha | 0.4363 | |||
| Total Risk Alpha | 0.2945 | |||
| Treynor Ratio | (0.55) |
Emetals Backtested Returns
Emetals appears to be out of control, given 3 months investment horizon. Emetals secures Sharpe Ratio (or Efficiency) of 0.0971, which denotes the company had a 0.0971% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Emetals, which you can use to evaluate the volatility of the firm. Please utilize Emetals' Standard Deviation of 4.46, variance of 19.86, and Mean Deviation of 1.34 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Emetals holds a performance score of 7. The firm shows a Beta (market volatility) of -0.77, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Emetals are expected to decrease at a much lower rate. During the bear market, Emetals is likely to outperform the market. Please check Emetals' variance, jensen alpha, and the relationship between the standard deviation and information ratio , to make a quick decision on whether Emetals' price patterns will revert.
Auto-correlation | 1.00 |
Perfect predictability
Emetals has perfect predictability. Overlapping area represents the amount of predictability between Emetals time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st of December 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 Emetals price movement. The serial correlation of 1.0 indicates that 100.0% of current Emetals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Emetals lagged returns against current returns
Autocorrelation, which is Emetals 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 Emetals' stock expected returns. We can calculate the autocorrelation of Emetals returns to help us make a trade decision. For example, suppose you find that Emetals 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 |
Emetals 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 Emetals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emetals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emetals stock over time.
Current vs Lagged Prices |
| Timeline |
Emetals Lagged Returns
When evaluating Emetals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emetals stock have on its future price. Emetals 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, Emetals autocorrelation shows the relationship between Emetals stock current value and its past values and can show if there is a momentum factor associated with investing in Emetals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Emetals Stock Analysis
When running Emetals' price analysis, check to measure Emetals' 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 Emetals is operating at the current time. Most of Emetals' value examination focuses on studying past and present price action to predict the probability of Emetals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Emetals' price. Additionally, you may evaluate how the addition of Emetals to your portfolios can decrease your overall portfolio volatility.