Jervois Mining Stock Market Value
| JRVMF Stock | USD 0.01 0.0005 5.56% |
| Symbol | Jervois |
Jervois 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 Jervois Mining's 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 Jervois Mining.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Jervois Mining on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Jervois Mining or generate 0.0% return on investment in Jervois Mining over 30 days. Jervois Mining is related to or competes with Ardea Resources, Centaurus Metals, Frontier Lithium, American Lithium, CDN Maverick, Ioneer, and American Rare. Jervois Global Limited explores for and evaluates mineral properties in the United States, Brazil, Finland, Australia, a... More
Jervois 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 Jervois Mining's 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 Jervois Mining upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 13.02 | |||
| Information Ratio | 0.0342 | |||
| Maximum Drawdown | 59.94 | |||
| Value At Risk | (14.55) | |||
| Potential Upside | 22.22 |
Jervois Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jervois Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jervois Mining's standard deviation. In reality, there are many statistical measures that can use Jervois Mining historical prices to predict the future Jervois Mining's volatility.| Risk Adjusted Performance | 0.0444 | |||
| Jensen Alpha | 0.5364 | |||
| Total Risk Alpha | (1.25) | |||
| Sortino Ratio | 0.0293 | |||
| Treynor Ratio | (1.73) |
Jervois Mining Backtested Returns
Jervois Mining appears to be out of control, given 3 months investment horizon. Jervois Mining holds Efficiency (Sharpe) Ratio of 0.0455, which attests that the entity had a 0.0455% return per unit of risk over the last 3 months. By evaluating Jervois Mining's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize Jervois Mining's Downside Deviation of 13.02, risk adjusted performance of 0.0444, and Market Risk Adjusted Performance of (1.72) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jervois Mining holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jervois Mining are expected to decrease at a much lower rate. During the bear market, Jervois Mining is likely to outperform the market. Please check Jervois Mining's maximum drawdown and the relationship between the semi variance and price action indicator , to make a quick decision on whether Jervois Mining's current trending patterns will revert.
Auto-correlation | 0.39 |
Below average predictability
Jervois Mining has below average predictability. Overlapping area represents the amount of predictability between Jervois Mining time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Jervois Mining price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Jervois Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jervois Mining lagged returns against current returns
Autocorrelation, which is Jervois Mining 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 Jervois Mining's otc stock expected returns. We can calculate the autocorrelation of Jervois Mining returns to help us make a trade decision. For example, suppose you find that Jervois Mining 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 |
Jervois 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 Jervois Mining otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jervois Mining otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jervois Mining otc stock over time.
Current vs Lagged Prices |
| Timeline |
Jervois Mining Lagged Returns
When evaluating Jervois Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jervois Mining otc stock have on its future price. Jervois 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, Jervois Mining autocorrelation shows the relationship between Jervois Mining otc stock current value and its past values and can show if there is a momentum factor associated with investing in Jervois Mining.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jervois OTC Stock
Jervois Mining financial ratios help investors to determine whether Jervois 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 Jervois with respect to the benefits of owning Jervois Mining security.