Enduro Metals Stock Market Value
| ENDMF Stock | USD 0.12 0.01 7.69% |
| Symbol | Enduro |
Enduro 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 Enduro 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 Enduro Metals.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Enduro Metals on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Enduro Metals or generate 0.0% return on investment in Enduro Metals over 540 days. Enduro Metals is related to or competes with Summa Silver, Kodiak Copper, Mirasol Resources, Silver Tiger, Defiance Silver, AbraSilver Resource, and GoGold Resources. Enduro Metals Corporation engages in the identification, acquisition, and exploration of mineral properties in Canada More
Enduro 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 Enduro 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 Enduro Metals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 41.43 | |||
| Value At Risk | (11.11) | |||
| Potential Upside | 12.5 |
Enduro Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enduro Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Enduro Metals' standard deviation. In reality, there are many statistical measures that can use Enduro Metals historical prices to predict the future Enduro Metals' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (1.34) | |||
| Treynor Ratio | 0.1888 |
Enduro Metals Backtested Returns
Enduro Metals secures Sharpe Ratio (or Efficiency) of -0.0738, which denotes the company had a -0.0738% return per unit of standard deviation over the last 3 months. Enduro Metals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Enduro Metals' Coefficient Of Variation of (3,267), mean deviation of 3.39, and Standard Deviation of 6.74 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -1.15, which means a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Enduro Metals are expected to decrease slowly. On the other hand, during market turmoil, Enduro Metals is expected to outperform it slightly. At this point, Enduro Metals has a negative expected return of -0.4%. Please make sure to confirm Enduro Metals' potential upside, day typical price, and the relationship between the total risk alpha and daily balance of power , to decide if Enduro Metals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
Enduro Metals has good predictability. Overlapping area represents the amount of predictability between Enduro Metals time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Enduro Metals price movement. The serial correlation of 0.74 indicates that around 74.0% of current Enduro Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Enduro Metals lagged returns against current returns
Autocorrelation, which is Enduro 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 Enduro Metals' otc stock expected returns. We can calculate the autocorrelation of Enduro Metals returns to help us make a trade decision. For example, suppose you find that Enduro 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 |
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Enduro 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 Enduro Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Enduro 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 Enduro Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Enduro Metals Lagged Returns
When evaluating Enduro Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Enduro Metals otc stock have on its future price. Enduro 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, Enduro Metals autocorrelation shows the relationship between Enduro Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Enduro Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Enduro OTC Stock
Enduro Metals financial ratios help investors to determine whether Enduro 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 Enduro with respect to the benefits of owning Enduro Metals security.