Eagle Plains Resources Stock Market Value
| EPL Stock | CAD 0.10 0.01 11.11% |
| Symbol | Eagle |
Eagle Plains Resources Price To Book Ratio
Eagle Plains '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 Eagle Plains' 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 Eagle Plains.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Eagle Plains on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Eagle Plains Resources or generate 0.0% return on investment in Eagle Plains over 90 days. Eagle Plains Resources Ltd., a junior resource company, acquires, explores for, and develops mineral resource properties... More
Eagle Plains 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 Eagle Plains' 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 Eagle Plains Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.11 | |||
| Value At Risk | (9.09) |
Eagle Plains Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eagle Plains' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eagle Plains' standard deviation. In reality, there are many statistical measures that can use Eagle Plains historical prices to predict the future Eagle Plains' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 0.1357 |
Eagle Plains Resources Backtested Returns
Eagle Plains Resources secures Sharpe Ratio (or Efficiency) of -0.0277, which denotes the company had a -0.0277% return per unit of risk over the last 3 months. Eagle Plains Resources exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eagle Plains' Variance of 10.95, standard deviation of 3.31, and Mean Deviation of 1.15 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.74, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eagle Plains are expected to decrease at a much lower rate. During the bear market, Eagle Plains is likely to outperform the market. At this point, Eagle Plains Resources has a negative expected return of -0.0931%. Please make sure to confirm Eagle Plains' information ratio, as well as the relationship between the skewness and day median price , to decide if Eagle Plains Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.08 |
Very weak reverse predictability
Eagle Plains Resources has very weak reverse predictability. Overlapping area represents the amount of predictability between Eagle Plains time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Eagle Plains Resources price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Eagle Plains price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eagle Plains Resources lagged returns against current returns
Autocorrelation, which is Eagle Plains 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 Eagle Plains' stock expected returns. We can calculate the autocorrelation of Eagle Plains returns to help us make a trade decision. For example, suppose you find that Eagle Plains 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 |
Eagle Plains 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 Eagle Plains stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eagle Plains stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eagle Plains stock over time.
Current vs Lagged Prices |
| Timeline |
Eagle Plains Lagged Returns
When evaluating Eagle Plains' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eagle Plains stock have on its future price. Eagle Plains 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, Eagle Plains autocorrelation shows the relationship between Eagle Plains stock current value and its past values and can show if there is a momentum factor associated with investing in Eagle Plains Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Eagle Stock Analysis
When running Eagle Plains' price analysis, check to measure Eagle Plains' 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 Eagle Plains is operating at the current time. Most of Eagle Plains' value examination focuses on studying past and present price action to predict the probability of Eagle Plains' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eagle Plains' price. Additionally, you may evaluate how the addition of Eagle Plains to your portfolios can decrease your overall portfolio volatility.