Equity Metals Stock Market Value
| EQMEF Stock | USD 0.13 0.01 7.14% |
| Symbol | Equity |
Equity 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 Equity 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 Equity Metals.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Equity Metals on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Equity Metals or generate 0.0% return on investment in Equity Metals over 60 days. Equity Metals is related to or competes with Mirasol Resources, and . Equity Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada More
Equity 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 Equity 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 Equity Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.9 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 46.38 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 13.33 |
Equity Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Equity Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Equity Metals' standard deviation. In reality, there are many statistical measures that can use Equity Metals historical prices to predict the future Equity Metals' volatility.| Risk Adjusted Performance | 0.0147 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (1.16) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0441 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Equity Metals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Equity Metals Backtested Returns
At this point, Equity Metals is out of control. Equity Metals secures Sharpe Ratio (or Efficiency) of 0.0075, which denotes the company had a 0.0075% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Equity Metals, which you can use to evaluate the volatility of the firm. Please confirm Equity Metals' Coefficient Of Variation of 13498.25, mean deviation of 4.78, and Downside Deviation of 8.9 to check if the risk estimate we provide is consistent with the expected return of 0.0583%. The firm shows a Beta (market volatility) of 1.06, which means a somewhat significant risk relative to the market. Equity Metals returns are very sensitive to returns on the market. As the market goes up or down, Equity Metals is expected to follow. Equity Metals right now shows a risk of 7.75%. Please confirm Equity Metals maximum drawdown, skewness, price action indicator, as well as the relationship between the downside variance and rate of daily change , to decide if Equity Metals will be following its price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
Equity Metals has modest reverse predictability. Overlapping area represents the amount of predictability between Equity Metals time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 Equity Metals price movement. The serial correlation of -0.49 indicates that about 49.0% of current Equity Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Equity Metals lagged returns against current returns
Autocorrelation, which is Equity 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 Equity Metals' otc stock expected returns. We can calculate the autocorrelation of Equity Metals returns to help us make a trade decision. For example, suppose you find that Equity 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 |
| Timeline |
Equity 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 Equity Metals otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Equity 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 Equity Metals otc stock over time.
Current vs Lagged Prices |
| Timeline |
Equity Metals Lagged Returns
When evaluating Equity Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Equity Metals otc stock have on its future price. Equity 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, Equity Metals autocorrelation shows the relationship between Equity Metals otc stock current value and its past values and can show if there is a momentum factor associated with investing in Equity Metals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Equity OTC Stock
Equity Metals financial ratios help investors to determine whether Equity 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 Equity with respect to the benefits of owning Equity Metals security.