Eskay Mining (Germany) Market Value
| KN7 Stock | EUR 0.12 0.01 7.69% |
| 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 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 Eskay Mining.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Eskay Mining on November 18, 2024 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 30 days. Eskay Mining is related to or competes with American Lithium, ADRIATIC METALS, Superior Plus, SIVERS SEMICONDUCTORS, Reliance Steel, RYOHIN UNSPADR1, and Vanguard Funds. 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 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 Eskay Mining Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 43.51 | |||
| Value At Risk | (9.09) | |||
| Potential Upside | 16.67 |
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 | 0.0039 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (0.21) |
Eskay Mining Corp Backtested Returns
At this point, Eskay Mining is out of control. Eskay Mining Corp secures Sharpe Ratio (or Efficiency) of 0.0059, which denotes the company had a 0.0059% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Eskay Mining Corp, which you can use to evaluate the volatility of the firm. Please confirm Eskay Mining's Mean Deviation of 4.46, standard deviation of 7.84, and Variance of 61.5 to check if the risk estimate we provide is consistent with the expected return of 0.0468%. The firm shows a Beta (market volatility) of 0.31, 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. Eskay Mining Corp right now shows a risk of 7.92%. Please confirm Eskay Mining Corp information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if Eskay Mining Corp will be following its price patterns.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Eskay Mining Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Eskay Mining time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th of December 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 -0.72 indicates that around 72.0% of current Eskay Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eskay Mining Corp lagged returns against current returns
Autocorrelation, which is Eskay Mining 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 Eskay Mining's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eskay Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eskay Mining stock 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 stock 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 stock 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 Stock
Eskay Mining financial ratios help investors to determine whether Eskay 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 Eskay with respect to the benefits of owning Eskay Mining security.