Horseshoe Metals (Australia) Market Value
| HOR Stock | 0.01 0.00 0.00% |
| Symbol | Horseshoe |
Horseshoe 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 Horseshoe 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 Horseshoe Metals.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Horseshoe Metals on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Horseshoe Metals or generate 0.0% return on investment in Horseshoe Metals over 90 days. Horseshoe Metals is related to or competes with Northern Star, Evolution Mining, Bluescope Steel, Sandfire Resources, Aneka Tambang, Perseus Mining, and De Grey. Horseshoe Metals is entity of Australia. It is traded as Stock on AU exchange. More
Horseshoe 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 Horseshoe 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 Horseshoe Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.19 | |||
| Information Ratio | 0.0767 | |||
| Maximum Drawdown | 56.67 | |||
| Value At Risk | (14.29) | |||
| Potential Upside | 25.0 |
Horseshoe Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Horseshoe Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Horseshoe Metals' standard deviation. In reality, there are many statistical measures that can use Horseshoe Metals historical prices to predict the future Horseshoe Metals' volatility.| Risk Adjusted Performance | 0.0763 | |||
| Jensen Alpha | 1.24 | |||
| Total Risk Alpha | (0.85) | |||
| Sortino Ratio | 0.0608 | |||
| Treynor Ratio | (0.66) |
Horseshoe Metals Backtested Returns
Horseshoe Metals is out of control given 3 months investment horizon. Horseshoe Metals holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-five different technical indicators, which can help you to evaluate if expected returns of 1.53% are justified by taking the suggested risk. Use Horseshoe Metals Market Risk Adjusted Performance of (0.65), downside deviation of 15.19, and Risk Adjusted Performance of 0.0763 to evaluate company specific risk that cannot be diversified away. Horseshoe Metals holds a performance score of 10 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -1.59, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Horseshoe Metals are expected to decrease by larger amounts. On the other hand, during market turmoil, Horseshoe Metals is expected to outperform it. Use Horseshoe Metals total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Horseshoe Metals.
Auto-correlation | 0.32 |
Below average predictability
Horseshoe Metals has below average predictability. Overlapping area represents the amount of predictability between Horseshoe Metals time series from 29th of August 2024 to 13th of October 2024 and 13th 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 Horseshoe Metals price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Horseshoe Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Horseshoe Metals lagged returns against current returns
Autocorrelation, which is Horseshoe 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 Horseshoe Metals' stock expected returns. We can calculate the autocorrelation of Horseshoe Metals returns to help us make a trade decision. For example, suppose you find that Horseshoe 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 |
Horseshoe 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 Horseshoe Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Horseshoe Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Horseshoe Metals stock over time.
Current vs Lagged Prices |
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Horseshoe Metals Lagged Returns
When evaluating Horseshoe Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Horseshoe Metals stock have on its future price. Horseshoe 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, Horseshoe Metals autocorrelation shows the relationship between Horseshoe Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Horseshoe Metals.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Horseshoe Stock Analysis
When running Horseshoe Metals' price analysis, check to measure Horseshoe Metals' 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 Horseshoe Metals is operating at the current time. Most of Horseshoe Metals' value examination focuses on studying past and present price action to predict the probability of Horseshoe Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Horseshoe Metals' price. Additionally, you may evaluate how the addition of Horseshoe Metals to your portfolios can decrease your overall portfolio volatility.