Empire Metals Corp Stock Market Value
| EP Stock | CAD 0.07 0.00 0.00% |
| 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.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Empire Metals on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Empire Metals Corp or generate 0.0% return on investment in Empire Metals over 30 days. Empire Metals is related to or competes with Verizon Communications, HOME DEPOT, Arizona Gold, NeXGold Mining, Northstar Clean, Metalero Mining, and Nicola Mining. Empire Metals Corp., an exploration stage company, engages in the acquisition, exploration, and development of mineral p... 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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1327 | |||
| Maximum Drawdown | 213.85 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 33.33 |
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 | 0.115 | |||
| Jensen Alpha | 2.15 | |||
| Total Risk Alpha | (0.83) | |||
| Treynor Ratio | 0.2921 |
Empire Metals Corp Backtested Returns
Empire Metals is out of control given 3 months investment horizon. Empire Metals Corp secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate eighteen different technical indicators, which can help you to evaluate if expected returns of 4.02% are justified by taking the suggested risk. Use Empire Metals Mean Deviation of 11.2, variance of 776.72, and Standard Deviation of 27.87 to evaluate company specific risk that cannot be diversified away. Empire Metals holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 13.1, 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, Empire Metals will likely underperform. Use Empire Metals information ratio, potential upside, as well as the relationship between the Potential Upside and day median price , to analyze future returns on Empire Metals.
Auto-correlation | 0.00 |
No correlation between past and present
Empire Metals Corp has no correlation between past and present. Overlapping area represents the amount of predictability between Empire Metals time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Empire Metals Corp price movement. The serial correlation of 0.0 indicates that just 0.0% of current Empire Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Empire Metals Corp 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 Corp.
Regressed Prices |
| Timeline |
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Additional Tools for Empire Stock Analysis
When running Empire Metals' price analysis, check to measure Empire Metals' 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 Empire Metals is operating at the current time. Most of Empire Metals' value examination focuses on studying past and present price action to predict the probability of Empire Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Metals' price. Additionally, you may evaluate how the addition of Empire Metals to your portfolios can decrease your overall portfolio volatility.