Europa Metals (South Africa) Market Value
| EUZ Stock | 34.00 2.00 6.25% |
| Symbol | Europa |
Europa 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 Europa 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 Europa Metals.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Europa Metals on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Europa Metals or generate 0.0% return on investment in Europa Metals over 180 days. Europa Metals is related to or competes with Brimstone Investment, Safari Investments, EMedia Holdings, RCL Foods, Astoria Investments, HomeChoice Investments, and Lesaka Technologies. More
Europa 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 Europa 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 Europa Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.74 | |||
| Information Ratio | 0.0156 | |||
| Maximum Drawdown | 96.51 | |||
| Value At Risk | (12.70) | |||
| Potential Upside | 16.28 |
Europa Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Europa Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Europa Metals' standard deviation. In reality, there are many statistical measures that can use Europa Metals historical prices to predict the future Europa Metals' volatility.| Risk Adjusted Performance | 0.0298 | |||
| Jensen Alpha | 0.527 | |||
| Total Risk Alpha | (1.49) | |||
| Sortino Ratio | 0.0096 | |||
| Treynor Ratio | (0.16) |
Europa Metals Backtested Returns
Europa Metals appears to be somewhat reliable, given 3 months investment horizon. Europa Metals secures Sharpe Ratio (or Efficiency) of 0.0256, which denotes the company had a 0.0256% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Europa Metals, which you can use to evaluate the volatility of the firm. Please utilize Europa Metals' Coefficient Of Variation of 3732.89, downside deviation of 18.74, and Mean Deviation of 4.55 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Europa Metals holds a performance score of 2. The firm shows a Beta (market volatility) of -1.93, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Europa Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, Europa Metals is expected to outperform it. Please check Europa Metals' semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to make a quick decision on whether Europa Metals' price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Europa Metals has virtually no predictability. Overlapping area represents the amount of predictability between Europa Metals time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Europa Metals price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Europa Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 59.89 |
Europa Metals lagged returns against current returns
Autocorrelation, which is Europa 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 Europa Metals' stock expected returns. We can calculate the autocorrelation of Europa Metals returns to help us make a trade decision. For example, suppose you find that Europa 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 |
Europa 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 Europa Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Europa Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Europa Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Europa Metals Lagged Returns
When evaluating Europa Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Europa Metals stock have on its future price. Europa 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, Europa Metals autocorrelation shows the relationship between Europa Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Europa Metals.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Europa Stock
Europa Metals financial ratios help investors to determine whether Europa 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 Europa with respect to the benefits of owning Europa Metals security.