Eskay Mining Corp Stock Market Value
| ESKYF Stock | USD 0.1 0.01 11.27% |
| Symbol | Eskay |
Eskay Mining '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 Eskay Mining's pink sheet 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 Eskay Mining.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Eskay Mining on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Eskay Mining Corp or generate 0.0% return on investment in Eskay Mining over 720 days. Eskay Mining is related to or competes with Aftermath Silver, Group Ten, Prime Mining, Globex Mining, Silver Elephant, Nevada King, and Skeena Resources. Eskay Mining Corp., a natural resource company, engages in the acquisition and exploration of mineral properties, and pr... More
Eskay Mining 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 Eskay Mining's pink sheet 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 Eskay Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 24.61 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.33 |
Eskay Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eskay Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eskay Mining's standard deviation. In reality, there are many statistical measures that can use Eskay Mining historical prices to predict the future Eskay Mining's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.24) | |||
| Treynor Ratio | (0.98) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Eskay Mining's 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.
Eskay Mining Corp Backtested Returns
Eskay Mining Corp secures Sharpe Ratio (or Efficiency) of -0.0862, which denotes the company had a -0.0862% return per unit of risk over the last 3 months. Eskay Mining Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eskay Mining's Mean Deviation of 3.33, standard deviation of 5.06, and Variance of 25.65 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eskay Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eskay Mining is expected to be smaller as well. At this point, Eskay Mining Corp has a negative expected return of -0.44%. Please make sure to confirm Eskay Mining's value at risk, as well as the relationship between the daily balance of power and price action indicator , to decide if Eskay Mining Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Eskay Mining Corp has weak predictability. Overlapping area represents the amount of predictability between Eskay Mining time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 Eskay Mining Corp price movement. The serial correlation of 0.23 indicates that over 23.0% of current Eskay Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eskay Mining Corp lagged returns against current returns
Autocorrelation, which is Eskay Mining pink sheet'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 Eskay Mining's pink sheet expected returns. We can calculate the autocorrelation of Eskay Mining returns to help us make a trade decision. For example, suppose you find that Eskay Mining has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Eskay Mining 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 Eskay Mining pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eskay Mining pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eskay Mining pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Eskay Mining Lagged Returns
When evaluating Eskay Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eskay Mining pink sheet have on its future price. Eskay Mining 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, Eskay Mining autocorrelation shows the relationship between Eskay Mining pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Eskay Mining Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eskay Pink Sheet
Eskay Mining financial ratios help investors to determine whether Eskay Pink Sheet 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 Eskay with respect to the benefits of owning Eskay Mining security.