Enviroleach Technologies Stock Market Value
| EVLLF Stock | USD 0.01 0.0005 7.14% |
| Symbol | EnviroLeach |
EnviroLeach Technologies '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 EnviroLeach Technologies' 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 EnviroLeach Technologies.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in EnviroLeach Technologies on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding EnviroLeach Technologies or generate 0.0% return on investment in EnviroLeach Technologies over 180 days. EnviroLeach Technologies is related to or competes with Aurion Resources, Rio2, and Grande Portage. EnviroMetal Technologies Inc. develops and markets technologies for the extraction of precious and other valuable metals... More
EnviroLeach Technologies 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 EnviroLeach Technologies' 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 EnviroLeach Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 18.04 | |||
| Information Ratio | 0.0572 | |||
| Maximum Drawdown | 90.0 | |||
| Value At Risk | (27.27) | |||
| Potential Upside | 37.5 |
EnviroLeach Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EnviroLeach Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EnviroLeach Technologies' standard deviation. In reality, there are many statistical measures that can use EnviroLeach Technologies historical prices to predict the future EnviroLeach Technologies' volatility.| Risk Adjusted Performance | 0.0587 | |||
| Jensen Alpha | 1.65 | |||
| Total Risk Alpha | (2.00) | |||
| Sortino Ratio | 0.0613 | |||
| Treynor Ratio | (0.38) |
EnviroLeach Technologies Backtested Returns
EnviroLeach Technologies is out of control given 3 months investment horizon. EnviroLeach Technologies secures Sharpe Ratio (or Efficiency) of 0.0663, which denotes the company had a 0.0663% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.29% are justified by taking the suggested risk. Use EnviroLeach Technologies Downside Deviation of 18.04, coefficient of variation of 1555.83, and Mean Deviation of 14.08 to evaluate company specific risk that cannot be diversified away. EnviroLeach Technologies holds a performance score of 5 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.28, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning EnviroLeach Technologies are expected to decrease by larger amounts. On the other hand, during market turmoil, EnviroLeach Technologies is expected to outperform it. Use EnviroLeach Technologies value at risk and the relationship between the expected short fall and period momentum indicator , to analyze future returns on EnviroLeach Technologies.
Auto-correlation | 0.18 |
Very weak predictability
EnviroLeach Technologies has very weak predictability. Overlapping area represents the amount of predictability between EnviroLeach Technologies time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 EnviroLeach Technologies price movement. The serial correlation of 0.18 indicates that over 18.0% of current EnviroLeach Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EnviroLeach Technologies lagged returns against current returns
Autocorrelation, which is EnviroLeach Technologies 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 EnviroLeach Technologies' pink sheet expected returns. We can calculate the autocorrelation of EnviroLeach Technologies returns to help us make a trade decision. For example, suppose you find that EnviroLeach Technologies 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 |
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EnviroLeach Technologies 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 EnviroLeach Technologies pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EnviroLeach Technologies pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EnviroLeach Technologies pink sheet over time.
Current vs Lagged Prices |
| Timeline |
EnviroLeach Technologies Lagged Returns
When evaluating EnviroLeach Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EnviroLeach Technologies pink sheet have on its future price. EnviroLeach Technologies 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, EnviroLeach Technologies autocorrelation shows the relationship between EnviroLeach Technologies pink sheet current value and its past values and can show if there is a momentum factor associated with investing in EnviroLeach Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in EnviroLeach Pink Sheet
EnviroLeach Technologies financial ratios help investors to determine whether EnviroLeach 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 EnviroLeach with respect to the benefits of owning EnviroLeach Technologies security.